Specialty Business

The Commercial Specialty team provides unique property and casualty specialty insurance solutions to managing general agencies and program agents who underwrite specialty program business. Tower Group Companies is licensed to provide admitted products in 49 states plus D.C. and non-admitted products in 31 states.

Our Focus

Commercial Specialty focuses on underwriting complex classes requiring significant expertise and market knowledge with the following characteristics: defined homogenous classes, unique specialty market segments under-served by standard carriers, and established books of business with a proven record of underwriting profitability. Examples of existing programs include:

  • Auto Dealerships
  • Professional Employer Organizations
  • Temporary Staffing Firms
  • Specialty Transportation
  • Surety
  • Specialty Homeowners
  • Lawyers Professional Liability

Comprehensive Solutions

Commercial Specialty has the flexibility to support the differing business models of MGAs and Program Agents. We provide underwriting, operational, or claims handling capabilities to partners who need it and will also accommodate partners that have their own underwriting, operational, and claims handling capabilities.

Our wide range of services includes:

  • Product development, policy design and filing support
  • Rating, underwriting and policy issuance
  • Claims handling, through oversight of approved third-party administrators or use of Tower’s in-house team
  • Loss control solutions
  • Premium audit

Commercial Specialty’s broad range of coverages, include:

  • Property
  • Liability
  • Professional Liability
  • Workers Compensation
  • Commercial Auto
  • Inland Marine
  • Fidelity
  • Non-Standard Auto

Getting Started Is Easy

Tower’s underwriting committee quickly reviews the proposal, and we provide a term sheet and program underwriting agency agreement to get started. We expect our Program Administrators to rate, quote, bind and issue policies, and handle premium collections. Tower’s National Program Group submission guidelines should include a narrative describing the program, and history, philosophy, claims handling, distribution, specific characteristics, projected premium and quantitative statistical experience.

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