CHARLOTTE, N.C. — Amwins Program Underwriters, based here, has developed a new insurance solution dedicated to alarm contractors.
The program includes commercial general liability, professional liability, property and inland marine coverage. It is also said to offer client access to ongoing service and claim support, as well as expertise across the specialty insurance space.
The alarm contractors insurance program offers flexible coverage that can be tailored to meet the needs of specific installing security contractors including fire, intrusion, residential/commercial/industrial, video surveillance, home theater and smart home automation, according to a press release.
The insurance solution aims to “ease the minds of many risk managers in the space as property damage, worker injury and lawsuits can significantly impact alarm contractors’ bottom lines,” the press release states.
The program is available in most states and underwritten on an admitted basis, with eligible accounts including commercial and residential, sales and service, and installation. Fortegra Specialty Insurance, a provider of specialty insurance and warranty solutions, is the carrier partner for the program.
“APU is committed to the program business space and the development of niche products that meet the needs of the marketplace,” says Ben Francavilla, president of Amwins Program Underwriters. “We are excited to launch this new program and we have great expectations for future growth.”
“The rapidly changing business and economic landscape has increased liability management costs, triggering the need for innovative and supplemental insurance solutions,” says Cooper Wallach, vice president of specialty products and programs at Fortegra. “Together, Amwins and Fortegra have developed a niche product tailored to meet the unique needs of alarm contractors and risk managers.”
Amwins Program Underwriters is a managing general agency within the underwriting division of Amwins, a global distributor of specialty insurance products and services.
