Casualty Insurance
Amwins delivers primary and excess casualty insurance solutions for your clients' most complex risks.
Casualty Insurance
Amwins delivers primary and excess casualty insurance solutions for your clients' most complex risks.
Custom solutions and market clout at your fingertips
With more than 580 dedicated casualty professionals across the country, collaboration is in our DNA. Amwins delivers trusted consultation, market access and creative program structures to place coverage for even the most complex and layered accounts —providing value-added resources, unmatched service and expertise every step of the way.
$9.4B
annual U.S. premium placements
936
dedicated professionals
700
casualty markets we place business with
Casualty areas of specialty
Actuarial services
Licensing robust cutting-edge software, our in-house actuarial team runs account and portfolio-level reports ensure submission details and pricing are as accurate as possible.
Claims advocacy
Custom product development
Casualty resources + insights
Stay up to date on emerging casualty insurance trends and topicsGarage Liability Insurance Packages May Reveal Coverage Gaps and Lacking Limits
Garage liability packages are an industry norm, but a careful, thorough and candid review will often reveal that the coverage offered is not as robust as it should be – and, in certain instances, limits are severely lacking. Sadly, far too many auto dealers don’t learn this until a claim is made, the same point at which they become aware of the significant impact this coverage gap can have on profit margins and their balance sheet.
The more clients look at their garage liability policy, the more gaps or holes they often find. And without proper counseling, the right advisor may not know that there are a variety of stand-alone solutions that can very easily supplement key coverage components in a garage package policy. This delicate balance is an important reminder for auto dealership owners who need to have a complete understanding of their current program so they can recognize the gaps and potential liabilities that may exist before it’s too late.
Errors & Omissions (E&O)
Employment Practices Liability
The coverage offered in most packages is particularly basic relative to the auto dealer’s third-party exposure, the definition of employee, the definition of loss and wage/hour (only available in certain states).Directors & Officers Liability (D&O)
Very few (if any) package policies provide this coverage, and while most auto dealers do not realize they have a D&O exposure, protecting against this exposure could prove to be critical in securing balance sheets in the event the dealer is involved in M&A, raising additional capital or using debt.Cyber/Network Security
The coverage offered in most forms is rudimentary at best, and, with an uptick in the number of cyber-related claims hitting the news, it’s a matter of when, not if, a significant claim hits the auto industry. The sheer volume of transactions that auto dealers make in any given year is significant and the fact that few of these are securely held (in as much as most auto dealers still deal with hard copies of sales/Finance & Insurance-related documents) means the exposure exists. Notification costs and regulatory coverage are two essential coverage items the open market offers that the garage package does not.Crime
While some forms provide coverage, it is extremely simplistic compared to what’s available in the open market. Coverage can be enhanced in a number of areas specific to auto dealers’ crime exposure, but particularly for losses stemming from temporary employees and independent contractors, as one example.Pollution
From first-party and third-party perspective, pollution coverage can save policyholders plenty of time, headaches and cash. With ever-increasing tort liabilities and scrutiny from state and federal governments, as well as environmental protection agencies, a pollution policy is definitely something to consider. This has become an ever-significant issue, particularly as more and more dealerships undergo facelifts to keep pace with their brands’ new design styles. Issues can range from contaminated soils located on a new dealership site to asbestos and mold remediation required during the interior remodeling of showrooms at existing locations. Available pollution policies can cover these exposures via a Contractors Pollution Liability (CPL) and an Environmental Impairment Liability (EIL) policy.Property – Excess Wind
With insureds continuing to grow their footprint and increase their overall exposure, consider the non-admitted marketplace for high excess Wind Only or Named Wind Only options above admitted carrier limits provided for All Risk. There is reasonable pricing available for large excess limits.Deductible Buy Down Programs for Windstorm
Admitted markets continue to push higher primary per auto deductibles, typically with no minimum. The in-house facility at AmWINS has had success in buying down the insured’s maximum deductible and fixing the insured’s costs on a per-occurrence basis. As with other buy down quotes from this in-house facility, the policy is on a “Follow Up” form basis and follows the primary definitions.This article was authored by Richard Minor, a financial services broker with AmWINS Brokerage of Georgia.
- Casualty
- Professional Lines
- Property
- Property & Casualty
Filling excess placements despite changes in exposure.
When an insured with five New York City hotels converted operations to COVID-19 shelters for the local homeless population, the change in exposure threw a wrench in the renewal. While the general liability carrier stayed on the account, the excess carrier discontinued coverage. The retail agent contacted Amwins to fill the excess coverage for these locations.
With a local government agency managing and operating these shelters, the insured’s exposure was lessened. However given the venue, occupancy and market conditions, filling out the program was still an uphill climb. Through our market access and industry expertise, we were able to fill the policy with just two layers - securing a big win for our retail client and their insured.
