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:
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Installation, Calibration, Maintenance, Service or Repair
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Logistics and Transportation Services
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Equipment Rental (without operators)
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Miscellaneous Services
Vela’s Specialty Casualty Insurance Solutions
Coverage Capabilities
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Territory- all US states and worldwide product coverage; Canadian exposures considered upon eligibility
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Primary Limits- $1,000,000/$2,000,000 or $2,000,000/$4,000,000
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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
Discontinued Products - Manufacturer Of Industrial Products, NJ - $370,000
Manufacture Industrial Machinery Equipment Safeguards - Includes Excess, IL - $253,991
Building Material Distributor, CA - $72,000
Fire Suppression Systems - Sales, Service, Installation & Repair, LA - $67,500
Manufacture HVAC Systems And Components, LA - $46,560
Machinery Service/Repair, FL - $43,420
Manufacture Genset Acoustic Enclosures, TX - $29,750
Mfg. Of Organic Ingredients For Animal Feed, TX - $25,008
Raw Material Plastics Distributor - Includes Excess, OH - $40,656
Sells And Services Temperature Monitoring Systems - Includes Excess, ND - $42,525
Distributor Of Arctic And Outdoor Survival Gear - Includes Excess, AK - $29,250
Powder Metal Mfg./Machine Shop - Includes Excess, WA - $25,750
Machinery Equipment And Tools, IN - $13,656
Repairing Large Industrial, Automotive And Agg Driveshafts, NV - $12,500
Fuel Hauler, MI - $12,500
Sales, Service & Rental Of Concrete Cutting Equipment, CA - $12,220
Beverage Mfg., FL - $10,000
Manufacturer And Distributor Of Baseball Training Gear, TX - $9,957
Manufacturer Of Batteries & Generators, OH - $7,500
