West Chester, Pa.-based Venture Programs added Zurich in North America as a carrier for its resort and hotel program, expanding its capacity with an all-lines product for destination resorts and premier/boutique hotel properties.
Prior to the expansion in coverage, Venture’s all-lines resort and hotel program – The Suitelife For Resorts program – was focused solely on mid-sized to large resort properties with a golf course exposure. Non-golf resort properties could only access Venture’s mono-line workers’ compensation product. But with the addition of Zurich as a carrier for hotel and resort risks, Venture is able to offer a lodging package for any kind of destination resort, independent hotel or boutique hotel, the company said.
Zurich, which also provides a market for Venture’s flagship program, The Preferred Club Program, is rated “A+” (Superior) XV by A.M. Best Co.
The hospitality program features the broadest coverage language available to resort and hotel properties nationwide. The program has the flexibility to handle management companies with M&A properties and offers access to loss-sensitive and alternative risk structures. Coverage includes general liability, commercial auto, liquor liability, umbrella and workers’ compensation, as well as property limits up to $500 million with the availability of coastal property coverage.
Lodging risks also have access to Venture’s proprietary risk management services, featuring best practices learned from more than 7,000 hospitality loss control visits. Services include claims, loss control and managed care through IRISK Solutions.
Source: Venture Insurance Programs, www.ventureprograms.com
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