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
|
Recent Win |
State |
Amount |
|
Discontinued Operations Coverage For Auto Dealership And Repair Shop |
FL |
$193,500 |
|
Manufacturing Of Recycling Equipment - Includes Excess |
PA |
$141,677 |
|
Production Of Shell Eggs |
PA |
$66,000 |
|
AC/Heating Equipment Importer/Distributor |
NJ |
$62,500 |
|
Manufacturing Of Diesel Emissions Control Systems |
IL |
$51,000 |
|
Servicing And Maintenance Of Truck-Tractors |
TX |
$45,000 |
|
Distributor Of Smart Home Devices - Includes Excess |
FL |
$40,500 |
|
Extension Pole Mfg. - includes Excess |
MO |
$36,000 |
|
Installs And Repairs Of Aquariums/Fish Tanks/Small Retail Ops - Includes Excess |
NY |
$29,456 |
|
Manufacturer Of Sand And Gravel Dredges And Dredge Components - Includes Excess |
IA |
$26,000 |
|
Sand & Gravel Mining |
OK |
$25,001 |
|
Welding Equipment Repair |
AL |
$24,600 |
|
Vegetables Distributor |
CA |
$23,138 |
|
Truck Tire Dealer |
OK |
$21,063 |
|
Importer/ Wholesaler Of Storage Rack System |
IN |
$18,000 |
|
Grain Elevator Operations |
ID |
$17,490 |
|
Auto Dismantler & Used Parts |
MA |
$15,000 |
|
Equipment Rental Operation |
GA |
$14,490 |
|
Machine Shop |
MS |
$11,475 |
|
Mfg. & Sales Of Copper Recycling Machinery |
NH |
$10,240 |
|
Metal Fabrication, Machining And Electrical Panel Fabrication. |
WA |
$10,000 |
|
Goal Post Manufacturer |
LA |
$9,000 |
|
Crypto Mining |
AR |
$8,499 |
|
Mfg. Of Product for the Dispersal of Treated Wastewater |
MI |
$7,500 |
