Westchester's Wholesale Small Business Insurance Boosts to New Industry Segments

Insurance
26.08.2016 09:00 am

Westchester, a Chubb company, has expanded the availability of its wholesale property, casualty and specialty small business insurance coverages to the following new industries:

Restaurants
Retail businesses
Lessor's risk only
Concessionaires and caterers
Fitness centers
Personal improvement/enrichment schools

"Westchester's diversification into these new markets brings our deep underwriting expertise to bear for a broader range of small business exposures and fills a need in the wholesale marketplace for tailored property, casualty and specialty insurance to address the industry-specific risks these firms face," said David Charlton, Executive Vice President, Westchester Binding Authority. "As the small business insurance marketplace continues to evolve, Westchester will continue to seek new ways to support our wholesale producers with one-stop, industry-leading insurance solutions for all their clients' needs."

The new markets supported by Westchester's dedicated Binding division include:

Retail Businesses – Adds nine new eligible classes to Westchester's existing retail business coverage and includes the ability to add professional liability for specific classes.
Restaurants – Covers restaurants ranging from full service to take-out with up to $6 million in annual sales.
Concessionaires and Caterers – Covers off-premises caterer and concessionaire operations ranging from kiosks to indoor/outdoor food vendors, as well as seasonal exposures such as pumpkin or Christmas tree lots. Business owners have the option of adding Westchester's Micro Concessionaire/Caterer Endorsement, which includes coverage for small equipment, carts and kiosks, subject to limits.
Fitness Centers – Covers traditional fitness centers, yoga/Pilates studios, CrossFit studios, and circuit training operations with up to $6 million in annual sales. Includes coverage for staffed personal trainers and on-premises child-sitting services.
Personal Improvement/Enrichment Schools – Covers over 30 different types of schools including art/dance/music instruction, personal trainers and tutors.
Lessor's Risk – Includes coverage for lessors with restaurant tenants with commercial cooking exposures, as well as tenants with public or private parking exposures.

Property and casualty coverage solutions for all classes of small business feature protection for real property, contents only, equipment breakdown, incidental inland marine, hired/non-owned, employee benefits, liquor liability, and product liability insurance. Specialty coverages are also available including professional liability, employment practices liability, cyber liability, and abuse and molestation liability. Quotes are available in minutes via the cutting edge Westchester Solutions Fast TrackSM, the company's award-winning online quote/issue small business underwriting platform.

The above coverages may not be available in all locations. Products mentioned in this press release are summaries only; please refer to the policy for terms and conditions.