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
- Qualifying size of risk- in excess of $2,000,000 receipts
- 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