General Casualty Insurance Companies recently introduced enhanced commercial coverages and capacity and became a market for additional manufacturing lines of business.
The Wisconsin-based property and casualty insurer is now looking to write accounts with property values up to $60 million. Risks must fall within targeted classes and have adequate private and public fire protection. The company will consider increasing those limits to $75 million or more based upon class of business and an underwriting review.
“As a regional carrier, we’ve historically written smaller property accounts with less emphasis on manufacturing business classes,” says Jon Borgen, assistant vice president of commercial property at General Casualty. “However, we’ve become a billion-dollar company with a full menu of services to support this business. We’re now a market for larger properties, and we’re striving to grow market share specifically in the manufacturing sector.”
General Casualty also introduced enhanced supporting property coverages and limits, as well as a blanket coverage extension that makes its Comprehensive Insurance Policy more flexible. In addition, the company has partnered with Hartford Steam Boiler to provide enhanced systems breakdown coverage, which can be written directly through General Casualty underwriters and covers a wide variety of mechanical or electrical failure of equipment, machines, computers and heating/cooling systems.
The company can write many manufacturing classes, including plastics, food, metalworking, printing, wood products, textiles and paper goods manufacturers. Plastics manufacturing is a new market for General Casualty, and the company is targeting the following classes: injection molding, extrusion molding, blow molding, compression molding, rotational molding, transfer molding and thermoforming. General Casualty does not write plastics manufacturers that perform calendaring, plastic coating, casting, laminating or reaction molding, or produce foamed plastics, reinforced plastics or fiberglass.
The company offers its commercial customers excellent loss control services, liability and workers’ compensation coverages, local underwriting and 24-hour claim reporting.
For more information please contact Anne M. Smith.