Posted on 15 Apr 09
The Brownyard Group, a program administrator providing specialized insurance coverage for select industry groups, recently announced that it has added a new property endorsement to its Foundation program. The endorsement broadens the program’s property coverage and eliminates its co-insurance.
The Foundation program serves the unique needs of cosmetic manufacturers, distributors and importers with custom-tailored liability insurance – comprehensive general liability, products liability, employee benefits liability, demonstrators liability and additional insured coverage – and property coverage.
“The new property endorsement enhances Foundation’s property coverage by offering an agreed amount in lieu of co-insurance and featuring 24 enhancements at a very low premium,” said Frank Monaco, Foundation program manager.
Among the 24 enhancements are debris removal and pollutant clean-up, property off-premises, including worldwide property, coverage for salesperson samples and exhibitions, depositor’s forgery and employee dishonesty, transit business income and extra expense, and contingent business income and expense.
The endorsement, which is approved in many states and will be approved in all states in the coming months, is written through an A.M. Best “A” rated carrier.
For more information on Foundation and the new property endorsement, contact Frank Monaco at 800-645-5820, ext 119.
About Brownyard Group
Brownyard Group is a program administrator that has developed and provided specialized insurance programs for selected industries for more than 50 years. These industries include security guards, pest control operators, cosmetic manufacturers, alarm systems, private investigators and security consultants, and the beauty industry. In 1993, Brownyard established Brownyard Claims Management, a loss prevention and full-service insurance claims facility. The company is based in Bay Shore, N.Y.