ProSight Specialty Insurance Company and Artex Risk Solutions have launched a new specialty programme for third party logistics that is available to brokers and qualified retail agents across the US.
The warehouse and logistics insurance programme sees Artex partner with ProSight. The new programme will offer coverage for property, general liability, warehouse legal liability, cargo legal liability, automobile liability and umbrella liability coverage.
ProSight has $1 billion in assets and $200 million in surplus, and it focuses on niche markets where it has differentiated underwriting and claims expertise. Ratings agency A.M. Best has rated the company as “A (Excellent)”.
“Warehouse legal liability coverage requires unique insight into the risks faced by the third party logistics industry,” said Michelle Sipple, programme executive at ProSight.
“Typical policies purchased by warehousing customers don’t address the unique needs of each customer’s operation. ProSight’s programme is designed to address this shortfall with a comprehensive product and by limiting distribution to only two partners who have a demonstrated expertise in the business.”