When Expertise Matters
Our experienced staff entertains unique and complex exposures and hard-to-place accounts, providing our broker partners a single resource to place a multitude of exposures.
Manufacturing & Products
Vela recognizes the importance of transparent and comprehensive forms and our seasoned underwriting team can proactively craft solutions for unique and unusual risks. We have in-depth expertise in providing coverages for manufacturing industries that utilize cutting-edge technology, start-up operations, and product importers. We excel in structuring coverage for discontinued products and completed operations, IBNR (Incurred But Not Reported), blemished or hard-to-place risks, and conversion from Claims Made to Occurrence (NOSE coverage).
Service-Oriented
Vela’s Specialty Casualty market segment provides coverage for service-oriented businesses. Our focus is on those businesses that provide services or perform specialized work, such as installation, repair, maintenance, calibration, testing or monitoring. While this is a very broad and diverse sector, our targeted classes are those service providers that cater to specialty clients with more unique needs. This business falls into categories that include:
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Installation, Calibration, Maintenance, Service or Repair
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Logistics and Transportation Services
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Equipment Rental (without operators)
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Miscellaneous Services
Vela’s Specialty Casualty Insurance Solutions
Coverage Capabilities
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Qualifying size of risk- in excess of $2m receipts
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Territory- all US states and worldwide product coverage; Canadian exposures considered upon eligibility
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Primary Limits- $1,000,000/$2,000,000 or $2,000,000/$4,000,000
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Excess Limits- up to $5,000,000
Industry Opportunities
Manufacturers / Products
- Consumer Products
- Automotive Products
- Electrical Equipment
- Food Products
- Machinery
- Metal Goods
- Plastic and Rubber Goods
- Sporting Goods
- Pools
- Valves
Service-Oriented
- Industrial Machinery and Equipment
- Vehicle Repairs
- Truckers
- Warehousing and Storage
- Machinery and Equipment Rental
- Durable Medical Equipment Rental
- Vacant Land and Idle Plants
- Solar Farms and Alternative Energy Systems and Providers
- Refrigeration and Cold Storage Facilities
- X-Ray, CT Scan, and MRI Service and Installation
Applications
Specialty Casualty Recent Wins
- Manufacturer Of Electric Commercial Trucks, $200,000.00 - MI
- Supplier Of Bulletproof Film That Is Installed Over Glass - Includes Excess, $143,766.00 - AZ
- Sales Of Kubota Tractors, Mowers, Construction Equipment Etc. Including Service And Repair, $85,008.00 - CA
- Assembly And Distribution Of Height Adjustable Mounts For Interactive Touchpanels, $77,700.00 - GA
- Importer And Distributor Of Wheels And Tires - Includes Excess, $60,000.00 - TX
- Manufacturer Aftermarket Auto Parts For Suspension And Steering Parts, $56,090.00 - NV
- Golf Cart Distributor, $53,000.00 - FL
- Freight Forwarding; Rail Car Switching; And Mobile Repair Services, $38,749.00 - WY
- Wholesale Distributor Of Tires For Passenger Cars & High Performance Vehicles, $38,020.00 - TX
- Manufacturer Of High Performance Automotive Components, $37,700.00 -IL
- Auto Part Mfg, $33,191.00 - PA
- Grain Elevator Operations And Farm Store Selling Chemicals, Fertilizers And Feed, $32,776 - MT
- Manufacturer Of Survival Shelters, $30,000.00 - TX
- Wholesale/Distributor Of Firearms & Ammunition, $20,000.00 - MI
- Discontinued Products - Farm Tool Supply, $20,000.00 - NY
