As a Commercial and/or Nonprofit Insurance Agent or Brokers, you fight hard to find competitive quotes for each one of your customers. Most of the time, this is a relatively easy process, you can guage the interest from your markets and find out where to send a submission. In some cases though, especially in the nonprofit sector, there will be a risk that is harder to place. At Charity First, we help our clients secure liability coverage for Nonprofit Hard-to-Place Risks for a number of eligible classes, including:
- Adoption Agencies
- Alcohol & Drug Medical Detoxification
- Biotech Labs
- Blood Banks
- Foster Care
- Government Agencies
- Hospice Care
- Prison Alternatives
- And More…
Why would these classes have hard-to-place risks? It may be because of their claims history, or it could be due to their risk for a large loss. It could even be because the industry has hardened after some recent catastrophes. Whatever the reason, these industries often get classified as “hard to place” due to the fact that their account will not be considered by standards markets because of the account’s underwriting characteristics.
Accounts that are classified as having hard-to-place risks typically fall under “specialty lines,” which may be a term you hear insurance carriers use. At Charity First, we know how to help you secure insurance for hard-to-place accounts, and we have the market for several hard-to-place risks for General Liability, Professional Liability, and Sexual Abuse and Molestation, in addition to Excess Liability for certain classes. To learn more about these programs and others, please contact us today at (800) 352-2761.