Starr Cos. Add Umbrella Product to Small Business Policies

Starr Cos. has launched a new commercial insurance umbrella liability policy, designed specifically for small-sized businesses.

This product marks the next phase in Starr’s growing suite of insurance options for small businesses. The commercial insurance umbrella policy complements the company’s business owners policy (BOP) and provides policy limits up to $5 million, in $1 million increments.

This is the first of many coverage extensions to the BOP policy that will be introduced in the coming months. Starr defines small-sized enterprises as those organizations with up to $15 million in annual sales and up to fifty employees.

Starr’s small business offerings are underwritten by Starr Indemnity & Liability Company.

Starr Cos. (or Starr) is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Co., Inc. and for the investment business of C.V. Starr & Co., Inc. and its subsidiaries. Starr is an insurance and investment organization with a presence on five continents; through its operating insurance companies, Starr provides property, casualty, and accident & health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, Hong Kong and Singapore.