NIP Group, Inc. has entered into an underwriting agreement with AXA XL on its GrowPro insurance program. GrowPro provides a complete insurance product for greenhouse growers, nurseries and garden centers nationwide.
According to Tom Doherty, president of NIP Group’s Specialty Programs Division, the partnership with AXA XL will allow NIP to expand the program’s coverages and offerings.
GrowPro’s coverage provided by the AXA XL insurance companies includes:
- Proprietary stock coverages, including hydroponic stock
- Property coverage with the capacity to handle the largest grower operations in the industry
- Broadened auto coverage
- GL, product lability and other special coverages tailored to the needs of the grower industry
In addition, NIP Group can provide clients with workers’ compensation coverage, high-limit umbrella liability (up to $25 million), meaningful risk control services, and additional services like human resources review.
Doherty added NIP has simplified its submission process for speed and quick turnaround, and increased the size of its underwriting team.
NIP Group is a specialized business insurance and risk management intermediary offering a range of brokerage, underwriting and risk management services to numerous industries.
AXA XL provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance products to insurance companies globally.
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