An informal poll of Manufacturing insurance pros reveals the top risk concerns of insureds, and just how intertwined the exposures in this market can be.
While Workers Comp, Product Recall and Supply Chain Management remain the greatest coverage concerns for manufacturers, Cyber Liability is also becoming a top-of-mind issue, producers say.
A hardening market is a tough thing to pass up, so in February, Maritime Program Group of Manchester, N.H., launched an exclusive Motor Truck Cargo program with North American Specialty Insurance Co., a subsidiary of SwissRe, as an expansion of its nationwide business, says David C. Morrill, Inland Marine program...
Valuable Articles coverage, including Personal Article Floaters and Jewelry Insurance, has remained a stable sector of the Inland Marine market during the economic recession.
The indoor-facilities markete.g., sports centers that offer trampoline use and wall climbingappears to be growing and expanding, says Mark Nichols, managing director of the accident and health unit of Markel Corp. in Glen Allen, Va. This could be an area in which agents and brokers can specialize.
Some types of amateur and youth sports have emerged that are so new or so untested that insurance companies, agencies and brokerages shy away from underwriting them.
Basic insurance needs for sports camps are General Liability and Accident/Medical Insurance along with Participant Legal Liability coverage, which is unique to sports camps and covers bodily injuries not included in a GL policy, says Lori Windolf Crispo, managing director for the sports programs division at Bollinger Insurance in Short...