Hub International Presents New Risk Purchasing Program

By Alex Ciorogar

Hub International Ltd.—a global insurance brokerage firm—has launched SHIELD, a new umbrella/excess risk purchasing group insurance program, which helps companies buy less expensive insurance policies, while also benefiting from broader coverage options. The company is currently delivering the program through multiple A-rated carriers.

Part of the firm’s Specialty Practices, SHIELD will provide broad umbrella coverage, per location aggregates and limits up to $100 million, with no shared limits for offices, industrial, retail and mixed-use properties, while also including the following risk services:

• fire protection impairment, hot work programs design and monitoring
• water damage prevention and mitigation
• security and protection systems evaluations
• slip and fall preventions
• life safety evaluations
• safety program review and development
• audit and inspection processes
• claim reporting and advocacy
• real property replacement cost valuations

“Umbrella/Excess liability insurance is important for any company looking to protect itself from catastrophic and unforeseen events,” said Chip Stuart, practice leader & CSO for HUB’s National Real Estate Practice, in a prepared statement. “However, our clients are now better served with HUB coordinating their insurance-buying decisions directly with carriers as we offer frontline client service, negotiated renewals and predetermined premiums. Additionally, they can benefit from our risk services resources and team to improve their risk profile to lower costs.”

Image courtesy of Hub International Lt.