Posted Jul 13, 2015 by UIG
Whether your client is a large multinational or a middle- to small-market equipment contractor, UIG offers a diversified range of property, casualty and specialty insurance worldwide.
Here’s what you can expect:
- Blanket Miscellaneous Tools and Equipment
- Blanket Property Limit Available
- Leased/Rented Equipment to (from) Others
- Rental Reimbursement Coverage Available
- Newly Acquired Equipment
ACCEPTABLE CLASSES OF BUSINESS
Contractor’s Equipment
- Excavation Contractor
- Grading Contractor
- Paving Contractor
- Landscaping Contractor
- Plumbing Contractor
- HVAC Contractor
- Electrical Contractor
- Specialty Contractor
Miscellaneous Property Floater
- Mobile Office Equipment
- Concession Equipment
- Catering Equipment
- Medical Equipment
- Golf Carts
- Recreational Property
- Entertainment Equipment
- And many others
MISCELLANEOUS PROPERTY FLOATER
Examples of Acceptable Items
- Amusement Park Equipment
- ATM’s
- Bounce Houses
- Cameras
- Disc Jockey Equipment
- Food Trucks
- Generators
- Golf Carts
- Mobile Medical Diagnostic Equipment
- Mobile MRI Equipment
- Non-Residential Trailers
Examples of Prohibited Items
- Art Collections
- Clothing
- Coins
- Firearms
- Furs
- High-Value Electronics (>$50K)
- Jewelry
- Stamp Collections
COMPETITIVE PRICING
Pricing starting as low as $575
Posted Jul 2, 2015 by UIG
Let UIG help. Here’s what you can expect from our Specialty Auto coverage:
- Business Auto Liability
- Garage Keeper Legal Liability
- Physical Damage
- Hired and Non-Owned
- Uninsured/Underinsured Motorist
- Following Form Higher Limits of Liability
Policy limits and deductibles:
- $100,000 to $1,000,000 on Primary Auto
- $4 million additional coverage limits are available ($5 million total)
- First dollar and deductible programs are available on AL policy
- Minimum Auto Liability Deductibles start at $2,500
- Physical Damage Coverage must have at least a $1,000 deductible
Minimum premium:
Target classes:
Commercial specialty auto insurance fleets — private passenger, light, medium, heavy or extra heavy – that are used in following industry segments:
- Healthcare — hospitals, ambulance, couriers, mental health facilities
- Construction
- Manufacturing
- Communications
- Wholesalers and Distributors
- Retail Trades
- Financial Institutions
- Real Estate Companies (i.e. REITS)
- Miscellaneous Services
- Public Administration
- Overseas Parents Corp. with US-based operations
- Dump Operations > 50 Power
- Units
Areas of emphasis:
HNOA
- Hired & Non-Owned Exposures (Stand Alone & Bundled) — i.e. Hospitals with visiting nurses, couriers with independent contractor exposure.
- No food delivery
Extra Heavy Units
- Owned units, carrying owned goods, portion of the fleet or entire fleet — many “standard markets” avoid this exposure.
Other Lines in a Specialty Market
- Other lines are in captive or in a specialty market. (i.e. engineering firms, aircraft parts)
Long haul exposure
- Owned fleets with a long haul exposure, portion of the fleet or entire fleet – many “standard markets” avoid this exposure.
Symbol 10 or manuscript
- Symbol 10 or manuscript wording needed to tailor the coverage to a unique situation.
Large sales fleets
- In many cases, the WC and auto are the only coverages that need to be purchased in the US.
Public livery
- Fleets with “incidental” public transport — (i.e. colleges, hospital with non-emergency transport)
- No assisted living
Flexible driver guidelines
- Driver(s) do not meet “standard market” driver guidelines—our guidelines are more flexible than many “standard markets”.
Large loss
- Incumbent carrier took a large loss and does not want to renew, but otherwise the experience and controls are good.
Unique Equipment
- Fleet where a portion of the units have unique equipment attached to the power unit. (i.e. industrial vacuum trucks, welding units)
To find out more about what UIG can do for you drop us a line at info@uigusa.com. Also, feel free to connect with us on LinkedIn and join our Young Agent’s Group.
