Berkley Program Specialists and Specialty Program Solutions (SPS) have created a new inland marine program for mobile equipment and machinery used by logging, lumbering and construction companies located in the Southeast.
Coverage for first party physical damage is extended to trade-specific items such as skidders, feller bunchers, log loaders, delimbers, chippers, backhoes, bulldozers and excavators. Eligible risks include chipping operations, land clearing operations, woodyards, sawmills, timber dealers, grading/excavation contractors, general contractors and developers among others.
Berkley Program Specialists, a W. R. Berkley Company, is an insurance operation dedicated exclusively to program business. Berkley Program Specialists provides program administrators with underwriting authority and access to admitted and non-admitted insurance paper, as well as program management expertise, and, when required, reinsurance support.
Specialty Program Solutions (SPS) is a program administrator and managing general agent headquartered in Alpharetta, Ga. SPS underwrites insurance coverage solely for inland marine risks. In addition to its flagship program for logging and contractors equipment in the Southeast, SPS serves agents and customers nationwide for a wide variety of other classes including builder’s risk, fine arts and transportation among others.
Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation.
Topics New Markets
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