We wanted to develop a comprehensive facility for these contractor classes that was easy for brokers to do business with and a great fit for their clients
Woodbridge, NJ (PRWEB) July 1, 2010
NIP Specialty Brokerage, a division of NIP Group, Inc., is thrilled to announce the development and launch of an admitted, all-lines binding facility targeting several specific commercial artisan contractor classes. NIP Specialty Brokerage is a wholesale brokerage operation targeting non-standard commercial risks.
The contractor classes covered by this new facility are: Plumbing, Electrical, Heating, Air Conditioning, HVAC, Refrigeration, Solar Energy and Alarm and Communication Systems. While the facility is focused on commercial contractors, incidental residential work will be considered.
“We are always looking for ways to help our agents and brokers, whether it’s solving complex problems or, in this case, giving them a better solution for some very large and growing classes of business," said Dean Mortilla, President of NIP Specialty Brokerage. “We worked with our Programs group to create a unique new binding facility focused on these contractor classes, one that lets brokers get all their coverages from one source. And to make it even easier, we have the pen to underwrite submissions, so we can give brokers quick responses.”
The new facility is underwritten in partnership with an AM Best A rated (Excellent) admitted carrier. Comprehensive standard coverages include General Liability, Auto Liability, Property, Inland Marine, Workers’ Compensation and Umbrella, with many important coverage enhancements that will let brokers tailor coverage to meet different contractors’ individual needs. The facility is available nationwide. For full details, please visit: http://www.nipgroup.com/wp-content/uploads/2010/07/Contractor-Facility-Overview.pdf.
“We wanted to develop a comprehensive facility for these contractor classes that was easy for brokers to do business with and a great fit for their clients,” Mortilla said. “This is an admitted, A rated, multi-line ISO-based package program that was specifically designed for contractors, with many specialized coverages and low minimum premiums. That makes it the right choice for all of these contractor classes, and their brokers.”
For more information on NIP Specialty’s new facility, call 1-800-446-7647 ext. 515. To submit business, email to NIPSpecialty (at) NIPGroup (dot) com or fax to 732-634-2904.
About NIP Specialty Brokerage
NIP Specialty Brokerage is a wholesale brokerage operation targeting non-standard commercial risks underwritten by admitted and non-admitted specialty carriers. NIP Specialty Brokerage assists agents/brokers in the structure and placement of complex insurance risks throughout the United States by accessing NIP's brokerage expertise and relationships with global insurance markets. NIP Group, Inc. is a specialty insurance intermediary, ranked among the largest 100 in the United States and providing a wide range of brokerage, underwriting and risk management services to select market segments.