Hard to Place Insurance Liability Successes

 

Client: Car Part Supplier

Situation:

A start-up company designing international car parts being sold online to individuals restoring classic cars needed coverage for parts’ design. We secured an MPL policy with Lloyd’s of London to cover CAD/Graphic Design Services.

Annual premium: $3,000

 

Client: Real Estate Agent

Situation:

The real estate agent was non-renewed due to two open claims. Another insurance broker was unable to get them a quote.

We were able to bid it with prior acts coverage and within range of their target premium. We also gave them owned property coverage.

Annual Premium: $18,593

 

Client: Large Insurance Agency

Situation:

Non-renewed due to four open claims, one claim had a $500,000 reserve.

We found replacement coverage with prior acts coverage.

Annual Premium: $75,075