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 $2m 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

Applications

Product Information

Specialty Casualty Recent Wins

Seasonal Cotton Ginning Operation, includes an Excess policy, $31,500, TX
Specified Ops – Equipment Rental Without Operators, $78,000, TX
Repair of Hydraulics and Cylinders, $14,520, CO
Trailer Repairs, $37,756, MA
Manufacture/Distributor of Modular Units, $16,980, CA
Assembling & Sales of Turntable & Pallet Wrappers, $12,000, FL
Distributor/Manufacturer of Activated Carbon or Filtration Equipment, $87,998, NJ
Manufacturer of Turbomachinery Controls Systems, Including Turbines, Compressors and Generators, For the Power and Process Industries, $61,875, TX
Repairs Rubber Tire Gantry Cranes, $7,500, GA
Concrete Products Mfg, $25,476, ME
Products & Completed Operations Only – Auto Salvage yard – Used Auto Parts, $9,809, IN
Manufacturer of Water Trucks and Water Tanks, $9,975, OR
Propane Dealer/Distribution, $23,976, UT
Manufacturing of Portable Storage Buildings, $10,000, KY
Grain Farming Operations, $9,000, IA
Manufacturer of Liquid Plant Food, $12,500, GA
Trucking and Warehousing, $18,010, MA
Electronics manufacturer, $16,380, AZ