Offering More Access to Specialty Markets with Liberty Mutual
By Chrissy Kretchmar, Senior Commercial Account Manager
WRC Agency has seen an influx of unique risks that require a special market. We work with various direct and brokered markets to cover hard-to-place exposures for your agents. We are excited to announce that our commercial business appointment with Liberty Mutual Insurance now gives us access to a wider selection of brokered carriers and their products. This means more opportunity to write those specialized risks, such as animal mortality, sports and fitness, and nonprofits.
We often have clients who want an animal mortality product, which protects a policyholder from financial losses resulting from the death of an animal. It is used in industries in which animals are an important revenue-generating asset, such as dairy farming, zoos, aquariums and professional horse stables. Liberty Mutual offers a product that specializes in both livestock and exotic animals.
Appetite
- Purebred registered cattle
- Exotic animals
- Animals in transit
- Private collections
- Zoo animals
- Animals in the entertainment industry
- Service animals
- Police/guard
- Search and rescue
- Medical assistance
Coverages
- Mortality
- All risks
- Specified perils
- Exotic mortality
- All risks
- Specified perils
- Service animals
- All risks
We also can cover frozen semen and embryos.
Another common request is for sports and fitness coverage. With some Covid-19 restrictions lifting, many sports and fitness facilities are reopening and need coverage. These risks may have limited markets and complex coverages.
Liberty has partnered with Sport & Fitness Insurance Corporation (SFIC), which allows access to specialized products to suit all your clients’ needs. SFIC focuses solely on the insurance needs of the fitness industry, and its expertise and understanding of specific exposures common to this industry allow us to tailor our coverage approach to best suit your clients’ needs.
Appetite
- Health clubs
- Fitness centers
- Gyms
- Yoga studios
- Dance schools and studios
- Racquet clubs
- Tennis centers
- Corporate fitness management companies
- Pilates studios
- Aerobics studios
- Personal trainers
- Martial arts studios
- Group exercise instructors
- Sports training facilities
Coverages
- Professional liability
- General liability
- Cyber liability
- Medical payments
- Personal injury
- Sexual misconduct
- Umbrella
- Blanket property limits
- Equipment breakdown
- Business income
- Auto
- Workers’ compensation
Acceptable Incidental Exposures
- Spa services
- Physical therapy
- Swimming pools
- Basketball courts
- Nutritionists
- Tanning beds
- Massage therapy
Lastly, we often are asked about nonprofit organizations. Liberty Mutual Insurance partners with NIF Group, Inc. to meet the unique insurance coverage needs of nonprofits and social service organizations. NIF brings more than 30 years of experience in the nonprofit sector. Their program provides comprehensive coverage for all aspects of your clients’ nonprofit operations.
Appetite
- Adult continuing education classes
- Botanical gardens
- Cultural and ethnic awareness organizations
- Environmental conservation organizations
- Foundations, fundraising and grantmaking organizations
- Garden clubs
- Historical societies
- Museums and libraries
- Nature preserves and societies
- Performing arts
- Performing arts schools
- Professional societies
- PTAs and PTOs
- Research institutes
- Small business administrations
- Student organizations
- Women’s service clubs
Coverages
- Auto
- Abuse and molestation coverage at full limits of liability available
- Boiler and machinery
- Crime
- General liability
- Professional liability (including healthcare liability)
- Property
- Umbrella
Additional Appetite for Social Services
- Back-to-work programs
- Boys & Girls Clubs, YWCAs and YMCAs
- Community health clinics
- Drug and alcohol rehabilitation facilities
- Facilities for the developmentally disabled
- Family crisis centers
- Food banks
- Mental health facilities
- Multiservice community action facilities
- Shelters for the homeless, elderly, families, battered women and teens
- Sheltered workshops, and vocational training for the handicapped or indigent
- Special needs schools
- Volunteer organizations, including fundraising, community service and charity agencies
Every risk is unique and requires underwriting to determine if it’s eligible for coverage. Next time you find yourself wondering where to place something, think of WRC Agency and our access to these specialty markets and products. Reach out to see if we can help.