Specialty Programs

Insurance for Small Business

Specialty Programs

The core of our business is to build and partner with underwriting management firms that have best-in-class expertise in a particular niche. We believe in shared risk as a vehicle to align our interests with our partners.

Commercial Auto

AmTrust focuses on commercial auto accounts with the following characteristics:

  • Small to mid-sized accounts
  • Classified as business auto
  • Have a specialized niche in transportation
  • Have Garage Liability – New and used dealers; service repair
  • Have limits – typically are $1 million; however, we will consider higher limits depending on the opportunity

General Liability

AmTrust focuses on general liability accounts that are small to mid-sized accounts in the following classes:

  • Commercial contractors
  • Restaurants, bars and taverns
  • Habitational risks
  • Retail operations
  • Service operations
  • Wholesale operations

Workers’ Compensation

AmTrust focuses on workers’ compensation accounts with the following characteristics:

  • Have expertise in niche classes in specific states
  • Are small to mid-sized accounts written on a mono-line basis
  • Are in low to moderate severity classes

We will consider offering appointments on a wholesale basis to help our partners round their products out. PEOs are managed and written with a restricted number of producers. PEO Program controls are designed to maintain vigilance over the classes of business and loss ratios. They are written on a Master Policy or a Multiple Coordinated Policy (MCP).

Professional Liability

AmTrust will focus on professional liability accounts that are small to medium sized firms or entities in the following classes:

  • Accountants
  • Allied Health Professionals
  • Architects/Engineers
  • Attorneys
  • Insurance Agents
  • IT Consultants
  • Real Estate Agents
  • Social Services
  • Staffing Services
  • Miscellaneous Professionals

Property

AmTrust will focus on property accounts that are small to middle markets accounts with niche classes in specific states, including the following classes:

  • Self-storage facilities
  • Homeowner associations
  • Condominiums and apartment buildings
  • Builders’ risk
  • Contractors’ equipment
  • Habitational risks
  • Inland marine lines

AmTrust prefers property limits less than $5 million – higher limits may be available depending on spread and reinsurance.

Unbundled Services

  • We have a great deal of experience bringing together a successful unbundled risk transfer solution
  • We evaluate all service providers involved in each deal and ensure we partner with the appropriate parties to make it successful
  • Many of our clients have a sophisticated loss control or claim operations, if the client's existing unbundled program is efficient, we endeavor to work with it
  • We have long-standing ties with leading Captive Management firms, Rent-A-Captive facilities and other service providers in the major captive domiciles allowing us great flexibility in helping you work with the right provider for your program

Submission Requirements

  1. Description of Operations
    • Number of years in existence - Historical Narrative
    • Key management personnel, including resumes
    • Prior and current structure including lines of coverage, retention, limits, excess carriers, service companies
    • Marketing strategy/plan
    • Target accounts
    • Projected growth
    • Competition
  2. Program Information
    • Detailed account of past and present exposures
    • Number of insureds
    • State mix
    • Average account/insured size
    • Desired coverage by line of business
    • Rating information by line of business
  3. Policy Forms
    • Current policy forms
    • Copies of all endorsements
    • Pending changes - if applicable
    • Unique Filing Requirements
  4. Underwriting Administration
    • Staff experience - include resumes of key staff
    • Underwriting guidelines and procedures
    • Rating structure
    • Breakdown of the premium dollar-expense components
    • Systems Utilized for Rate/Quote/Policy Issuance
    • Interface Requirements
  5. Loss Information
    • Currently valued loss information for past five years, excluding the most recent year
    • Hard copy loss runs for current period
    • Detailed description of all large losses in excess of $50,000
    • Summary of Group data by line - if applicable
    • Triangulated data - if available
  6. Claims Administration and Management
    • TPA or Staff experience - including resumes of claims personnel
    • Procedures, authority levels
    • Large loss strategy
    • Corporate philosophy of insured
    • Copy of claims service agreement
    • Interface Requirements
  7. Actuarial Reports - if available
    • IBNR and loss reserve analysis
    • Ultimate loss projections, by line
    • Rate analysis and funding requirements
  8. Financials
    • Audited financial statements - two years
    • Investment strategy - if captive involved
    • Dividend policy of the group - if captive involved
    • Description of state of domicile taxes, assessments, and fees - if captive involved
  9. Loss Control
    • Programs and guidelines
    • Safety manual
    • Copy of a specific report or survey
    • Key personnel - include resumes

More Information

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