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
- Manufactures Surfboards, $19,329.00 – CA
- Cement Or Plaster Mfg, $15,086.00 – PA
- Dealer & Distributor Of Trailers, $79,200.00 – FL
- Doors/Flooring Mfg, $9,555.00 – WV
- Warehousing/Logistics - Includes Excess, $102,000.00 – NC
- Dealer & Distributor Of Trailers, $62,500.00 – FL
- Trailer Manufacturer - Includes Excess, $34,536.00 – CA
- Manufacturer Components For Horsche Anderson Machines And Sales Of Fitness Products - Includes Excess, $37,500.00 – SD
- Grain Elevator Operations Including Chemical And Fertilizer Sales And Application, $77,250.00 – IA
- Pork Production Management Services, $51,113.00 – IL
- Feed And Fertilizer Dealer Including Application - Includes Excess, $44,100.00 – MN
- Mfg Of Steel Studs, Trusses And Wall Panels, $20,130.00 – LA
- Feed Store, Including But Not Limited To Wool And Mohair Sold On Consignment, Livestock And Pet Feeds, Medicines And Ranch And Hunting Supplies, $29,054.00 – TX
- Imports Of Linens, $20,250.00 – NJ
- Farm Supply Store - Feed, Seed, Fertilizer Including Application - Includes Excess, $62,005.00 – ID
- Mixing Machine Manufacturer Representative, $25,000.00 – SC
- Manufactures/Distributes Frames, Platforms - Includes Excess, $42,700.00 – WA
- Manufacturing - Powder Processing For Cold Spray Process And 3D Printing, $49,692.00 – MA
- Manufacturer Of Instant Gelato Machines And Single Serve Capsules - Includes Excess, $46,775.00 – NY
- Elevator Parts Distributor, $35,126.00 – GA
- Manufacturer And Distributor Chemicals For Water Treatment, $28,019.00 – OH
- Medical Device Repair And Refurbishment (Not Manufacturing) - Includes Excess, $31,448.00 – OR
- Fuel Oil Delivery - Includes Excess, $20,798.00 – RI
- Manufacturers Gun Locking Assemblies, $21,500.00 – NH
- Sales Of New & Used Oil Field Pipe, $51,550.00 – OK
- Import And Sales Of Electric Scooters And Accessories, $22,877.00 – UT
