(PRWEB) September 05, 2013
Ironshore Inc.’s Specialty Casualty unit is pleased to introduce a policy form for Excess Liability risks. This new form will provide a more efficient coverage solution for brokers and insureds. The company’s new “ExcessProtect Plus” policy form offers a more consistent approach to understand Excess Liability coverage. The form is able to be more consistent due to reducing two pages of information, with no built-in exclusions and limited underwriting conditions. With the new policy form, specific insurance needs will be addressed either by endorsement or by relying of the terms of the controlling underlying policy.
“Ironshore’s ExcessProtect Plus offers a streamlined format with more coverage certainty than current follow-form policies. It was developed to benefit our brokers and insureds by providing more consistent coverage between the excess form and controlling underlying policy,” said Dawn Puro, Vice President of Ironshore Inc. Specialty Casualty.
The Specialty Casualty unit offers a wide range of specialized products that help reach the demands of intricate organizations within various industry sectors. Industry sectors that can benefit from the Specialty Casualty unit include: Commercial Construction, Energy, Public Entities, Manufacturing, Transportation, and others. “Coverage can be underwritten on an occurrence, claims-made, retained amount, and integrated occurrence basis,” he added.
Ironshore provides broker-sourced specialty property insurance, U.S. property insurance, marine insurance, aviation insurance, environmental insurance and casualty coverage for varying risks on a global basis through its multiple international platforms. The Ironshore group of insurance companies is rated A (Excellent) by A.M. Best with a Financial Size Category of Class XIV. Ironshore’s Pembroke Syndicate 4000 operates within Lloyd’s where the market rating is A (Excellent) by A.M. Best and A+ (Strong) from both Standard & Poor’s and Fitch. For more information, please visit http://www.ironshore.com.