Venture Excess Liability
Venture Excess is a leading construction underwriter in the Excess and Surplus Lines space. Providing over 15 years of consistency in appetite, Venture Excess remains a steadfast and stable partner to appointed wholesale brokers across the country. Our underwriters understand the urgency inherent to an excess product and seek to provide expeditious service and rapid partner engagement.
Writing Companies:
United Specialty Insurance Company (AM Best Rating A IX)
Maximum Capacity:
$10,000,000
Minimum Premium:
$15,000 / $1M
$25,000 / $5M
$15,000 / $5M x $5M
$40,000 / $10M
Policy Term:
Up to 15 month term for Practice Policies
Up to 36 month term for Project Specifics
Territory:
All states with the exception of DE **
** We will not consider New York construction accounts.
Clearing Procedures:
Send direct to the Excess Underwriter or clearance address
Target Classes
- Contractors:
- Artisan Contractors (Commercial & Residential including CD States)
- General Contractors (Commercial & Residential including CD States)
- Homebuilders (Custom & Tract)
- Machinery Installation & Repair
- Project Specific Construction
- Manufacturers:
- Building Materials
- Machine Shops
- Metal Fabrication
- Medical Products (Non-Invasive)
- Miscellaneous:
- Restaurants, Bars, and Taverns (Liquor Liability is only offered supported over Venture GL)
Agility is key in the excess liability space
as risks get picked over quickly
The construction sector might be booming, with some projecting it to be among the fastest-growing industries in the US over the coming years, but that doesn’t mean it’s free of risks. Check out the full article at Insurance Business America. Posted on Jan 7, 2019.
