Amwins Unveils Innovative CoverCap Program for Mid-Market Property Insurance Solutions

Amwins Launches CoverCap Program

Amwins, recognized as a global distributor of specialty insurance products, recently announced the introduction of its latest offering, CoverCap. This program aims to deliver unique excess and surplus (E&S) property solutions tailored specifically for middle-market risks. It’s available exclusively through their network of brokers and is backed by reputable carrier partners rated “A” by AM Best.

What is CoverCap?

CoverCap is designed to cover commercial property risks with a total insured value (TIV) of up to $50 million. This policy presents a comprehensive limits solution that enables clients to navigate today’s competitive property market more efficiently, particularly with swift decision-making capabilities. As businesses, especially those in the middle market segment, look for reliable insurance coverage, CoverCap distinguishes itself by providing a broad occupancy appetite and quick turnaround on quotes.

Jeff McNatt, president at Amwins Brokerage, emphasized the company’s commitment to innovation, stating, "Amwins is committed to delivering creative and innovative property products that help our clients win. By leveraging our unmatched market access and data-driven insights, we're able to build solutions like CoverCap that directly respond to evolving market needs."

This new program is not only focused on those properties valued below $50 million but also allows integration with other Amwins-exclusive facilities to handle larger schedules or Tier 1 wind risks, all managed under a single policy. This flexibility is essential for clients managing various property types and risks.

Strategic Investment in the Future

Amwins consistently invests in proprietary solutions that bolster its retail partners with differentiated market access, rapid quoting speed, and personalized underwriting capabilities. This approach sets a new benchmark for innovation and excellence in the specialty insurance sector. The company emphasizes the importance of offering reliable and agile support to its partners and clients alike, which is critical in the current evolving market landscape.

In a time when market conditions can shift rapidly, having access to specialized products like CoverCap can be the difference for many mid-market businesses striving for growth and stability. This innovative program comes at a crucial time, reflecting the needs of the current economic climate where effective risk management is more important than ever.

For anyone seeking more information regarding CoverCap, Amwins recommends contacting their brokers, who are equipped to provide in-depth guidance and support for tailoring insurance solutions to meet individual business needs.

About Amwins

Founded in Charlotte, N.C., Amwins is the largest independent wholesale distributor of specialty insurance products in the United States. They serve retail insurance agents, offering a comprehensive range of products including property and casualty options, specialty group benefits, and administrative services. With over 138 global offices, Amwins handles premium placements exceeding $44.5 billion annually, making them a key player in the insurance landscape.

For those interested, further information about CoverCap can be found by reaching out to your local Amwins broker, who can facilitate discussions around this exciting new program. Amwins remains dedicated to fostering innovation and providing exceptional service as they respond to the dynamic challenges faced in today's insurance market.