When Expertise Matters
Our experienced staff entertains unique and complex exposures and hard-to-place accounts, providing our broker partners a single resource to place a multitude of exposures.
Manufacturing & Products
Vela recognizes the importance of transparent and comprehensive forms and our seasoned underwriting team can proactively craft solutions for unique and unusual risks. We have in-depth expertise in providing coverages for manufacturing industries that utilize cutting-edge technology, start-up operations, and product importers. We excel in structuring coverage for discontinued products and completed operations, IBNR (Incurred But Not Reported), blemished or hard-to-place risks, and conversion from Claims Made to Occurrence (NOSE coverage).
Service-Oriented
Vela’s Specialty Casualty market segment provides coverage for service-oriented businesses. Our focus is on those businesses that provide services or perform specialized work, such as installation, repair, maintenance, calibration, testing or monitoring. While this is a very broad and diverse sector, our targeted classes are those service providers that cater to specialty clients with more unique needs. This business falls into categories that include:
-
Installation, Calibration, Maintenance, Service or Repair
-
Logistics and Transportation Services
-
Equipment Rental (without operators)
-
Miscellaneous Services
Vela’s Specialty Casualty Insurance Solutions
Coverage Capabilities
-
Territory- all US states and worldwide product coverage; Canadian exposures considered upon eligibility
-
Primary Limits- $1,000,000/$2,000,000 or $2,000,000/$4,000,000
-
Excess Limits- up to $5,000,000
Industry Opportunities
Manufacturers / Products
- Consumer Products
- Automotive Products
- Electrical Equipment
- Food Products
- Machinery
- Metal Goods
- Plastic and Rubber Goods
- Sporting Goods
- Pools
- Valves
Service-Oriented
- Industrial Machinery and Equipment
- Vehicle Repairs
- Truckers
- Warehousing and Storage
- Machinery and Equipment Rental
- Durable Medical Equipment Rental
- Vacant Land and Idle Plants
- Solar Farms and Alternative Energy Systems and Providers
- Refrigeration and Cold Storage Facilities
- X-Ray, CT Scan, and MRI Service and Installation
Applications
Specialty Casualty Recent Wins
Recent Wins State Premium
|
Rifle Parts Mfg. - Includes Excess |
DE |
$153,700 |
|
Specialty Chemical Manufacturer |
TX |
$135,480 |
|
Adult Products Distributor |
KY |
$79,888 |
|
Home Heating Oil Delivery - Includes Excess |
MA |
$36,886 |
|
Component Repackaging/ Flour Blending Operation - Includes Excess |
WA |
$52,500 |
|
Residential Oil Delivery And Service Provider - Includes Excess |
RI |
$37,576 |
|
Sales, Service and Installation of ATD Gunfire Sensors - Includes Excess |
OR |
$25,000 |
|
Develops, Manufactures, Operates Industrial Cleaning Equipment |
AK |
$23,153 |
|
Distributing/Leasing Pizza Making Robot - Includes Excess |
OH |
$17,475 |
|
Import/Distribution Of Wear Parts For Mining And Recycling Industry |
AZ |
$17,200 |
|
Scrap Metal Dealer - Includes Excess |
CT |
$15,245 |
|
Dude Ranch/Cattle |
TN |
$15,000 |
|
Motorcoach Repair |
IL |
$15,000 |
|
Distributor Of De-Icing Chemicals, Acid, Bleach And Sodium Bisulfite |
AK |
$12,750 |
|
Wholesale Distributor Of Fresh Produce |
CA |
$12,000 |
|
Manufacturer Of Dimensional Inspection Systems, Precision Grinding Machinery, Process Optimization |
KS |
$12,000 |
|
Sand & Gravel Mining |
OK |
$11,500 |
|
Mfg. Wireless Communication Devices/Two Way Systems |
CA |
$8,500 |
|
Beam Control Systems And Component Manufacturer |
NM |
$7,750 |
|
|
