manufacturing and wholesale · industrial machinery motor freight all other mds food & kindred...
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Manufacturing and Wholesale
Manufacturers & Wholesalers
% of Total Premium
Technology
4.6%
Wholesale Non-Durables
Fabricated Metals
Industrial Machinery
Motor Freight
All Other MDS
Food & Kindred
25.6%
10.9%
8.2%
10.4%
5.2%
18.7%
9.9%
6.5%
All Other – Furniture & Fixtures, Rubber & Plastic, Printing, Stone/Concrete, Wood Products, etc.
Wholesale Durables
OLD ROUTE FOR SAME RESULTS
Road to Growth
$213 M
$339 M
6 yr
$500 M
OLD ROUTE FOR SAME RESULTS
3
New Ideas & Distinctions
Total Account Solution
Increased Umbrella limit
consideration for non-food
manufacturers
No requirement for separate
products placement when
excluding E&S-type products
4
Technology E&O extension
Contractual Risk Transfer agreements
for manufacturers at no cost
“Mistakes” coverage for printers
beyond small sub-limits
New Ideas & Distinctions
A controlled trucking appetite when
competitors are walking away
A more sophisticated way to
underwrite food manufacturers for
long-term success
5
Superior embedded product recall
coverages
COP property product for more
than large accounts
Appetite for other complex auto
Total Account Solution
Driving Success with Increased Umbrellas
Manufacturer of Industrial Machinery
Property: $58K on $43M TIV COP coverage
GL: $109K on $50M sales A rate flexibility
Auto: $39K
Umbrella: $31K on $10M Limit Safety Management Expertise
Inland Marine: $8K – Flood, Earthquake, Contractors Equipment
$255K premium accountFull CPP solution 6
Driving Success with Technology
Computer Systems Integration with Programming
Property: $9K on $7M TIV BI-ALS
GL: $11K on $12M sales
Tech E&O: $12K with $1M/$1M limit. retro date back to 2006
Umbrella: $2K on $1M limit
Auto: Hired/non-owned only
WC: $18K
$52K Account Premium
7
Driving Success Excluding E&S Products
Manufacturer of Construction Machinery
Property: $17K on $15M TIV
GL: $10K on $25M sale Excluding products
Umbrella: $2K for $1M limit Excluding products
Auto: $5K
Inland Marine: $1K, IMPac
$35K premium account
8
Driving Success with “Complex” Auto
Wholesale Distributor of Building Materials
Auto: $57K Safety Management CAB
GL: $73K on $55M sales Safety Management CRT
Umbrella: $26K on $5M limit
9
Driving Overall Success with Total Solution Approach
Manufacturer of Paper Converting Dies
Property: $12K on $14M TIV BI-ALS
GL: $5K on $11M sales
Umbrella: $4K on $5M limit
Mfg. E&O: $2K on $1M/$1M limit
Auto: $8K, PPT fleet
Crime and IM Elitepac ® Extensions
WC: $18K
Total Account Premium $49K 10
Driving Overall Success Coverage In Detail
Product Recall: Additional Covered Expenses
Cost to replace A machine is deemed to have an issue
that can cause bodily injury or property damage
Customers Consequential Profit Loss
Good Faith Advertising To gain customer faith in the
company again
11
Driving Overall Success Product In Detail
Contractual Risk Transfer For Manufacturers
Turnkey solution
Protects interest with contract manufacturers
Protects interest with suppliers
Use of Selective’s agreement is not a mandate
No cost to insured
12
Exploring E&O for Internet
Service Providers (ISPs)
Industrial Automation – Robotic Assembly
Looking Down the Road
13