Tower Hill Insurance Group has made its commercial lines products available to Florida businesses through Tower Hill Prime Insurance Co. Tower Hill Prime is an admitted property and casualty carrier headquartered in Gainesville, Fla. Previously, only personal lines products were available through the carrier.
Tower Hill’s new commercial products will be introduced in phases, starting with a monoline property program now available for commercial residential risks, including apartments, townhomes, homeowners associations and condominiums. Risks currently considered are up to $10 million in total insured value and up to 25 years old; coverage for risks up to $20 million in total insured value will soon be available. Business owners and commercial package policies are scheduled to be rolled out later this year.
Tower Hill products are available exclusively through its network of independent insurance agencies located throughout Florida.
With the addition of these new products, Tower Hill now offers both a standard and an excess and surplus lines market for commercial lines agencies contracted with Tower Hill Insurance Group.
Tower Hill is a writer of single-family homeowners policies in Florida. Through its partner, Rockhill Insurance Company, Tower Hill offers non-admitted commercial products in the state including: homeowners associations; hotel/motel; office/retail; self-storage; and mercantile.
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