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Without inlandmarine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inlandmarine insurance has nothing to do with boats. What is InlandMarine Insurance? Who Needs InlandMarine Insurance?
A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?
If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. Hear directly from our underwriters on how Distinguished can help you win business and deliver superior service to your clients. Brokers with similar accounts are welcome to send them in for review.
If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. Underwriters with hospitality industry knowledge and expertise. Our underwriters will look at the security the hotel has in place. A: Yes, on a base by case basis.
Youve submitted an application for City Insurance or New York Brick & Brownstone coverage through the Broker Connect portal now youre ready to bind a quote. Follow the steps below to bind your policy: Step 1: Log into the new portal Access the Broker Connect portal here. So, whats next?
The team aims to launch operations and begin underwriting in the third quarter of this year. Supported by a skilled team of underwriters, his leadership enhances Distinguished’s ability to make a meaningful entrance into the surety market. Property and Liability products are distributed through a national network of agents and brokers.
Convenient valuations : We can work with you and your client to reach an agreed valuation of your client’s collection, and we will even allow you to extend market value up to 150% of that agreed amount (with additional underwriting review). Property and Liability products are distributed through a national network of agents and brokers.
We work with community association brokers to get the coverages their clients need. With their combined experience and expertise, our team is well equipped to provide the highest level of support to community association brokers across the U.S. Learn more about our community associations insurance products on our website.
New York – Distinguished Programs (“Distinguished”), a national insurance program manager, announced an expanded partnership with Berkley Program Specialists (“BPS”), a leading provider in the industry, to underwrite its Community Associations Crime and D&O products. Berkley Corporation through licensed surplus lines brokers.
Unlike competitors retreating from the market due to aggregation risks, our Fine Art and Collectibles insurance program brings fresh capacity and a willingness to underwrite policies tailored to Californias unique challenges. Wildfire coverage is included under our Fine Art and Collectibles program based on underwriting.
If we are comfortable with our exposure, we may consider increasing the AOP deductible and the theft deductible , depending on the underwriting analysis. Are there any emerging trends in the construction industry that are impacting builder’s risk underwriting? So specific to limits, I just mentioned security.
Why You Should Partner With Distinguished for Builder’s Risk in Michigan For brokers looking to grow their business in Michigan’s Builder’s Risk market, partnering with Distinguished offers a number of strategic advantages. Access our online Broker Portal. However, all relevant parties should be named as insureds.
When determining the end price of a policy, our underwriters will look at a number of factors that can influence whether the final premium will be closer to 1% or 5% of the total project cost. Expertise : Our underwriters have been insuring Builder’s Risk projects for years. In most cases, you’ll get a quote back instantly.
However, every project is different, so underwriters will determine the final cost of a policy based on the following factors: Location : Construction sites near bodies of water, in higher crime areas, or that include some other unique risk factor would increase the cost of the policy. Sign in to our Broker Portal. Register with us.
Our team combines deep expertise across collection categories with flexibility in underwriting and customizing coverage. Property and Liability products are distributed through a national network of agents and brokers. View a full list of our programs and submit business with Distinguished.
Access our online Broker Portal. Property and Liability products are distributed through a national network of agents and brokers. Through thoughtful innovation, stemming back to 1995, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees.
Property and Liability products are distributed through a national network of agents and brokers. Through thoughtful innovation, stemming back to 1995, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees. How Much Does Public Art Insurance Cost?
Flexible Deductibles and Payment Options : Our underwriting team can take into account your client’s collection, budget, and risk tolerance and design each policy to fit their needs. Our team combines deep expertise across collection categories with flexibility in underwriting and customizing coverage.
The surety’s role is complex, as it must diligently assess the risks associated with underwriting bonds. Property and Liability products are distributed through a national network of agents and brokers. This assessment includes evaluating the principal’s financial stability, industry experience, and performance history.
This development underscores Distinguisheds ongoing commitment to provide innovative and comprehensive management liability solutions exclusively to wholesale brokers. These underwriters leverage an E&S mindset to craft customizedsolutions for complex risks, ensuringeach submission is treated with precision and care.
As a wholesale broker, understanding the intricacies of management liability insurance is essential to effectively guide your agents and clients through the process of securing the right coverage for their unique needs. Management liability insurance is a product that agents and wholesale brokers should be offering all of their clients.
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