Venture Insurance Programs has broadened the property, general liability and automobile coverages of its Preferred Club Program for golf and country clubs.
Highlighting the program improvements are property enhancements, including:
Increased tree, shrub & plant limits to $5,000 per tree with a $250,000 aggregate.
An amended definition of Golf Course Named Perils to include the weight of ice and snow.
Optional golf course flood coverage with a $50,000 limit.
Additional coverage enhancements, including earthquake sprinkler leakage and blanket building, contents and personal property of others.
General Liability enhancements include: Per location aggregate, broadened liquor liability guidelines, and the ability to add homeowners associations as additional insureds.
Auto coverage enhancements include adding a new endorsement to include: additional insured by contract, airbag discharge, broadened named insured, blanket waiver of subrogation, a waiver of deductible in glass repair, and transportation expense.
“These coverage enhancements, when combined with our expanded in-house underwriting authority and quick turnaround, should help brokers and agents meet the changing needs of the golf and club industry,” said Philip J. Harvey, managing director of the Preferred Club Program.
Venture has underwriting partnerships with Chubb and One Beacon for the program.
Source: Venure Insurance Programs