US Commercial Property (Admitted)

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.

 

 

Underwriters

Mark Bernacki

Mark
Bernacki

Underwriter, Commercial Property

[ View Profile]

[Property Group]

Chicago, IL, USA

T +1 (630) 353 8255

E []

Neil Brown

Neil
Brown

Underwriter, Commercial Property

[ View Profile]

[Property Group]

Chicago IL, USA

T +1 (630) 353 8261

E []

Todd Hanes

Todd
Hanes

Underwriter, Commercial Property

[ View Profile]

[Property Group]

San Ramon, CA, USA

T +1 (925) 830 5825

E []

Tony Labriola

Tony
Labriola

Underwriter

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[Property Group]

Downers Grove, IL

T +1 (630) 353 8263

E []

Joseph Morrello

Joseph
Morrello

Underwriter Commercial Property

[ View Profile]

[Property Group]

Mountain Lakes, NJ, USA

T +1 (877) 222 2401

E []

Carmela O'Neal

Carmela
O'Neal

Underwriter, Commercial Property

[ View Profile]

[Property Group]

Mountain Lakes, NJ, USA

T +1 (877) 222 2401

E []

Claims

Amanda Good

Amanda
Good

Wordings

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[Property Group]

London, UK

T +44 (0)20 7674 7016

E []

Andrew Mitchell

Andrew
Mitchell

Claims Manager

[ View Profile]

[Property Group]

London, UK

T +44 (0)20 7674 7025

E []