Ascinsure Offers All-Lines Product for Crane and Scaffold Industry

PRODUCT: All-lines crane and scaffold insurance

COMPANY: Ascinsure Specialty Risk

BEST RATING: A (Excellent)

AVAILABILITY: Coverage is available on an open-brokerage basis.

FOCUS: Working at heights presents crane operators and scaffolders with a unique set of risks. In response, Ascinsure Specialty Risk has created a customized, all-lines product tailored specifically to crane and scaffold companies.

With 30 years of industry experience, Ascinsure offers all-inclusive options for the crane and scaffold industry. “By creating a simple and comprehensive package, we’ve created a program that reduces confusion when it comes to crane and/or scaffold claims,” says Curtis Kochman, senior vice president of Ascinsure Specialty Risk.

Kochman says Ascinsure can provide an “all-lines solution” from a single carrier. The product is customizable to the client and includes differentiated coverages and third-party services. Claims adjusters are trained specifically to handle crane and scaffold claims exclusively, from start to finish.

“From coverages like loss of use on our rigger’s form to deep discounted third-party services like drug testing and background checks, we want to make sure that our insureds have the tools they need to operate safely and effectively,” says Kochman, who notes the company couples this with an online safety platform to help clients establish their safety culture.

UNDERWRITING: The crane and scaffolding programs are designed for their respective niche industries nationwide. The programs include general liability, property, riggers liability (crane only), excess, workers compensation, auto, inland marine and crime coverage options. Specialized coverage options are also available to meet client needs.

General liability coverage includes $2 million general aggregate, $1 million per occurrence, $2 million products and completed operations, $1 million personal and advertising, occurrence form, defense outside limits, various deductible options, riggers liability including loss of use, over-the-road liability coverage for mobile equipment, employee benefits of $1 million and a proprietary commercial general liability form.

Property and equipment coverage includes manuscript coverage tailored for equipment rented to third parties, replacement cost valuation for equipment less than 10 years old and specialty coverage that encompasses boom overload, loss of income and extra expense, loss of rents, equipment in insured’s care, custody and control, and attachments coverage. Riggers coverage is available with optimal consequential loss coverage, and flood and earthquake are available in most states.

Auto liability and physical damage coverage includes preferential pricing for qualified accounts, fleet and loss experience discounts, employees as insureds, hired car physical damage, blanket additional insured, expanded towing coverage and expanded transportation expenses, rental reimbursement, personal effects, accident airbag deployment, new vehicle replacement cost, preferential pricing for qualified accounts, and fleet and loss experience discounts.

Workers compensation and employers liability coverages include the ability to issue certificates of insurance online anytime and a blanket waiver of subrogation availability. Excess and umbrella liability coverage includes $1-5 million coverage limits, with higher limits available.

MINIMUM PREMIUM: None. Products are flexible and tailored to fit each client.

TARGET: Coverage is available to crane and scaffold companies and the retail brokers and agents that represent them. It’s best for experienced crane and scaffolding companies that emphasize safety and proper risk management. Ascinsure works exclusively through its retail distribution channels.

COVERAGE TERRITORY: U.S.

CONTACT: Curtis Kochman Sr., vice president; Ascinsure Specialty Risk, 444 Liberty Ave., Suite 400, Pittsburgh, PA 15222; 412-224-5510.

Ronimarie Acord is an IA contributor.