Zurich North America Commercial’s Specialties business unit is now offering a monoline umbrella product for customers engaged in the lumber and hardware industries. This offering is administered by the Huntersville, N.C.-based American Lumber Underwriters and is available to agents and prospective clients nationwide.
“Zurich’s Group Umbrella product is tailored to offer an additional layer of liability protection to lumber and hardware businesses via a risk purchasing group arrangement,” said Laura Moore Rychlewski, senior vice president for the specialties business unit. “We’re offering a broad umbrella using an A/B coverage form which blends a follow form excess with an umbrella form to help ensure there are fewer possibilities for coverage gaps.”
This umbrella product may be written over any carrier with an A-VII rating or better.
The American Lumber Underwriters Group umbrella targets a variety of lumber and hardware businesses such as sawmills and planing mills, lumberyards and building material dealers, hardware stores, millwork, just to name a few.
The coverage is available nationwide except in Hawaii and Alaska. Coverage limits are available at $1 million, $3 million, $5 million and $10 million.
Source: Zurich North American
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4% 
The Future of the Agency in a World of AI 
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing 
