Hot Off Our Press

ProSight Specialty Insurance Partners with Allied Insurance Brokers to Offer a Custom Tailored Crane

December 09, 2015
Hot Off Our Press | 4 minute read

Morristown, N.J. (Dec. 9, 2015)—ProSight Specialty Insurance is bolstering its global construction insurance offerings by partnering with Allied Insurance Brokers, the leading broker in the country for crane insurance. By collaborating together, the two companies are innovating crane insurance to offer crane rental companies a seamless, all-lines program, available nationwide.

With their all-lines approach, ProSight and Allied’s Crane Program eliminates the need for multiple insurance carriers and provides a better customer experience. The product offering includes General Liability, Riggers Liability, Workers’ Compensation, Excess, Inland Marine, Property, Auto and Crime.

Solutions driven, with over 20 years of experience in the crane space, Allied holds board seats on many crane associations and truly understands crane risk management. By partnering with Allied, ProSight is able to apply Allied’s decades of knowledge to develop an important niche solution for crane rental companies.

“ProSight is excited to bring a unique and innovative product to the global construction insurance market,” says Jake Morin, Program Executive for several of ProSight’s construction programs. “With our new crane program, we’re demonstrating our commitment to the construction community, and making it easier for the industry to do business.”

With a one-stop offering that goes above and beyond what is available elsewhere – including a Rigger Liability form which includes loss of use coverage, as well as a robust new proprietary Commercial General Liability form – ProSight and Allied’s solutions raise the bar on crane insurance standards for the crane industry.

“Over the past 20 years, Allied has established itself as a leader in the crane industry by actively contributing to the industry by pioneering specialized insurance programs and services,” said Marty O’Brien, Allied’s chairman and CEO. “That’s why we are ecstatic about partnering with ProSight to deliver a comprehensive, all-lines program that can truly benefit crane companies.”

ProSight and Allied are both committed to providing solutions that are reflective of actual industry needs and meet the current risk concerns of today’s construction professionals.

About ProSight Specialty Insurance

ProSight Specialty Insurance was founded by CEO Joe Beneducci in response to evolving customer needs in an industry that lacks innovation. Built upon a cultural desire to succeed at uncommon challenges, ProSight takes a different approach with customized insurance solutions born from its diverse and rich industry knowledge, continuous innovation and focus on making value paramount. The company concentrates on niche markets where it has differentiated underwriting and claims expertise, and partners exclusively with specialist distributors who have a deep understanding of their customers. The underwriting members of the ProSight Specialty Insurance (ProSight) group of companies are rated “A” (Excellent) by A.M. Best. ProSight also operates Syndicate 1110 at Lloyd’s of London, which is also rated ‘A’ (Excellent) by A.M. Best and ‘A+’ (Strong) by Standard & Poor’s. Based in Morristown, N.J., ProSight has regional offices in Los Angeles, New York and Santa Rosa, Calif. and London, England. More information about ProSight Specialty Insurance and its member insurers can be found at www.prosightspecialty.com. Follow us at @ProSightCorp and ProSight Specialty Insurance.

About Allied Insurance Brokers:

Allied is a Solutions Driven organization. Founded in 1982, Allied is a nationwide property & casualty insurance broker focused exclusively on serving the Scaffold, Crane, Rental Equipment and Party Goods, Concrete Pumping, Wood Products, and Non-profit & Health and Human Services industries. That focus creates a wealth of benefits for our clients as we deliver on our year-round commitment to reduce your total insurance cost and help you create a stronger, safer business overall. Our philosophy is that coverage is the start, not end, of our work as your business partner. It’s all part of our Solutions Driven focus. Visit www.alliedinsbrokers.com to learn more.

This material is for general informational purposes only, and does not take into account your personal circumstances or objectives. The description of any coverage herein is a summary only. Please refer to the actual policies for complete details of coverage and exclusions. Issuance of coverage is subject to eligibility and underwriting by ProSight Specialty Insurance.