Allied World adds umbrella coverage for SMEs
Allied World North America, a subsidiary of Allied World Assurance Company, has partnered with Great Point Insurance to offer umbrella coverage in the US and Canada for small businesses through its online portal, UmbrellaPro.
UmbrellaPro is designed for companies with less than $25 million in annual revenues, and provides access for agents and brokers to quote, bind and issue policies for over 600 eligible classes of business. Limit options range from $5 to $25 million.
Derek Broaddus, senior vice president, excess casualty division, Allied World US, commented: “In addition to being one of the nation’s top program administrators, Great Point Insurance brings an exciting new technology component to the table.”
Doug Burger, president and chief executive officer of Great Point Insurance, added: “We built UmbrellaPro.com from the ground up to complement our new program with Allied World. A hyper competitive umbrella program that you can quote, bind and issue on demand will be a game changer for small business agents.”
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