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NEXT EXIT Manufacturing and Wholesale

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Page 1: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

NEXT EXIT

Manufacturing and Wholesale

Page 2: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

Page 3: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

OLD ROUTE FOR SAME RESULTS

Road to Growth

$213 M

$339 M

6 yr

$500 M

OLD ROUTE FOR SAME RESULTS

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Page 4: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

Page 5: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

Page 6: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

Page 7: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

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Page 8: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

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Page 9: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

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Page 10: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

Page 11: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

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Page 12: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

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

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Page 13: Manufacturing and Wholesale · Industrial Machinery Motor Freight All Other MDS Food & Kindred 25.6% 10.9% 8.2% 10.4% 5.2% 18.7% 9.9% ... Manufacturer of Industrial Machinery Property:

Exploring E&O for Internet

Service Providers (ISPs)

Industrial Automation – Robotic Assembly

Looking Down the Road

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