• An increase in commercial premiums – where renewal prices may be significantly greater than prior years.
• Your client’s loss history warrants more favorable renewal pricing.
• An Increase in deductible limits. For instance, is the existing commercial carrier requiring your client to significantly increase the deductible on their policies? Are self-insured retention layers increasing to unreasonable levels?
• Introduction of new policy exclusions – is a renewal coverage contingent upon acceptance of a coverage exclusion for exposures previously covered?
• Imposition of sub-limit caps – renewal policies may present coverage limitations which are more stringent than prior coverage.
• Carrier non-renewal – if your client is facing a non-renewal of coverage or excess layers; coverage may be unavailable or subject to significant premium increases.
• Clients that need customizable coverages – loss of key customer, loss of key supplier, legislative/regulatory changes and business interruption, to name a few.
• The inability to obtain specialized types of coverage from commercial third-party insurers.

Industry: Transportation

Specialty: Rider Care and Customer Service

Location: Tennessee

Description: An Insured was contracted by an insurance carrier to provide services for their clients. The Carrier stated the Insured did not meet the obligations of the contract and requested compensation. The Insured was operating under the impression they were in full compliance, however, were ultimately forced to pay the compensation. Through their Captive's Actual Net Loss Insurance Policy "Liquidated Damages" coverage, they were able to recover their losses. 

Line of Coverage: Liquidated Damages