The Wright Specialty Education Insurance Program, offered in conjunction with Munich Re, delivers a broad range of property-casualty coverages for schools, colleges and universities.
PRODUCT: Wright Specialty Education Insurance Program
COMPANIES: Wright Specialty Insurance and Munich Re Specialty Insurance
BEST RATING: A+
AVAILABILITY: Available to appointed agents and brokers only.
FOCUS: Wright Specialty Insurance is a fully integrated managing general agency dedicated to the property-casualty needs of public and private schools, colleges and universities throughout the U.S. Wright is a single source for a complete program of no-gap, competitively priced coverages and services that can help agents and brokers expand their penetration into the educational market.
“Wright Specialty's Education Insurance Program is our comprehensive suite of property and casualty insurance coverages and services for K-12 private independent schools, public schools, charter schools, and accredited colleges and universities," says Kevin C. Beer, president, Wright Specialty Insurance.
“We developed our Education Insurance Program to help our brokers and agents deliver comprehensive, quality insurance coverages and services more efficiently and to help educational institutions manage their unique risks more cost-effectively," he adds.
COVERAGE DETAILS: Wright Specialty delivers a broad range of p-c coverages to make it easy for schools to purchase every coverage they need from one convenient source.
Coverage highlights include:
- Property—fire and allied
- Inland marine and equipment floaters
- Educators legal liability on a claims-made basis, including employment practices liability insurance
- Commercial general liability on an occurrence basis, including sexual abuse and molestation coverage
- Commercial automobile liability and physical damage
- Excess liability
UNDERWRITING: ACORD and supplemental applications as well as five years of loss runs will be evaluated by Wright Specialty's underwriting staff.
MINIMUM PREMIUM: N/A
TARGET: Wright has a broad appetite for charter schools, public K-12 school districts, and private and independent day and boarding schools. Medium-sized accredited colleges and universities are also a target.
COVERAGE AVAILABILITY: All U.S. states
CONTACT: Kevin C. Beer, president, Wright Specialty Insurance; 900 Stewart Avenue, Suite 600, Garden City, NY 11530; 516-750-9484.
Will Jones is IA editor-in-chief.
This article was published in the February 2021 issue of Independent Agent magazine.