Overview
Our product focuses on 100% traditionally
placed risks in the US Market (US $25,000 minimum premium to
Fortune 2000). To these insureds we offer broad coverage,
competitive pricing, contract certainty and full underwriting
transparency. The admitted market coverage underwritten through
Beazley Insurance Company, Inc. is an extension of our product
offering through the Beazley syndicates at Lloyd’s and another
solution for US property brokers. This will complement, not
compete with, the US commercial property book that we currently
write at Lloyd’s.
Our Value Proposition
Providing mid-sized clients risk management
level attention
Why Beazley?
“We are bringing the best of London to the US market”
- Beazley has been writing US business for 15 years through its
Lloyd’s operation
- Our underwriters have an average of more than 20 years’
experience in the market
- We operate under a flat organization vs structured in the
admitted market place
- You deal directly with decision makers to be given straight
answers
“Providing Your Clients More”
- Built on London style of underwriting risk managed
business
- Risk summary pack is provided to our customers – Empowering our
brokers with all underwriting information to give to their
clients
- Broad policy with 33 extensions of coverage included in
standard price
“Providing Contract Certainty”
- Policies produced within 24 hours upon binding in most
cases
- Our proposal includes a fully prepared policy, letting the
client know what they are buying
Details
Product features
Our policy can insure the following interests:
- Real property
- Personal property
- Business interruption
- Extra expense
- Boiler and machinery
Our policy also offers 33 broad extensions of coverage.
Capacity
Up to US $150,000,000 per location
Cat coverage
Up to US $5,000,000 CA quake
Up to US $5,000,000 special flood hazard area
<20% within wind zone
Market focus
- Monoline property
- US $25,000 minimum premium to Fortune 2000
clients
- Traditionally placed policies (100%
ground-up)
Underwriting appetite
Middle market commercial property including:
- Hospitality
- Light manufacturing
- Retail
- Real estate
- Nursing care
Key territories
US (with incidental foreign)
Our underwriting model divides the US
into three regions: Western, Central and Eastern. We have
regional underwriting managers for each area.
Information needed to obtain a quote
- Values at risk
- Schedule of locations
- Deductibles
- COPE information
- Underwriting submission
- Engineering/survey report (if available)
- Loss history for prior three years
(minimum)
We will base your property program on several
characteristics, including but not limited to:
- Nature of business
activity
- Geographical
scope
- Values at
risk
- Deductibles
- Protection
- Engineering/survey
reports
- Loss
history
- Policy form and coverage
Not all coverages or products described on
this website are available in all US jurisdictions. Some products
are available on an admitted basis in some but not all US
jurisdictions from Beazley’s US insurance company subsidiary, while
other products and coverages may be available in the US only on a
surplus lines basis through licensed surplus lines brokers doing
business with Beazley’s Lloyd’s of London syndicates.
The descriptions contained in these pages
are for preliminary informational purposes only. Coverages will
vary depending on individual state law requirements and may be
unavailable in some states. The exact coverage afforded by the
products described on this website is subject to and governed by
the terms and conditions of each policy issued. The
publication and delivery of the information contained herein is not
intended as a solicitation for the purchase of insurance on any US
risk.