Specialty Business
Commercial Specialty, a division of Tower Group Companies, provides unique property and casualty specialty insurance solutions to managing general agencies and program agents who underwrite specialty program business. Tower Group Companies is rated A- by A.M, Best*, and 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:
- Long-Term Healthcare Workers Compensation
- Professional Employer Organizations
- Temporary Staffing Firms
- Public Entities
- Specialty Transportation
- Commercial Construction
- Auto Dealerships
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
To get started, all you need to do is complete a questionnaire providing background information and business plans and provide 5 years of actuarial history. We will sign a confidentiality agreement to protect our prospective clients, evaluate the program, conduct due diligence and provide a prompt response, and provide consultative support to design the optimal structure customized to meet your needs.
*For the latest rating, please access www.ambest.com
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