Property for Public Entities
Nuts & Bolts:
Victor O. Schinnerer and Co. is offering an admitted property policy for all types of public entities. The policy features a specialized property enhancement for public entities, which provides higher limits for various coverages and causes of loss, including accounts receivable, computers, media and more. Also included in the policy is coverage for equipment breakdown, and earthquake and sprinkler leakage at full limits. Schinnerer will discuss excess layer capability, DIC coverage and agreed amount policies.
Dollars:
Minimum premium is $25,000 with flexible deductible options available.
Carrier:
Insurance Company of the West, rated “A-” by A.M. Best, admitted in 42 states.
States Available:
All except Connecticut, District of Columbia, Delaware, Florida, Maine, Massachusetts, New Hampshire, New Jersey, New York, Texas, Vermont, Virginia, West Virginia and tier I-II wind areas.
Contact:
www.publicentities.com.
- On Second Thought, Maryland Won’t Expand P/C Claims History Rule
- Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency
- Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI
- With Falling Private Re Prices, Should Florida Let Insurers Buy Less From the Cat Fund?