Posted on 01 Aug 2011
Venture Programs announced today that it has added Zurich in North America as a carrier for its resort and hotel program, expanding its capacity with an all-lines product for destination resorts and premier/boutique hotel properties.
Before today, Venture’ all-lines insurance and risk management solution for resorts – The Suitelife® For Resorts program – was focused solely on mid-sized to large resort properties with a golf course exposure. Non-golf resort properties could only access Venture’s mono-line Workers’ Compensation product.
“The Suitelife was built on the nearly two decades of experience and expertise with The Preferred Club Program®, which serves leading golf and country clubs,” said Jannet O’Toole, Program Manager, The Suitelife. “Now, with the addition of Zurich as a carrier for hotel and resort risks, we can offer an industry leading lodging package for any kind of destination resort, independent hotel or boutique hotel.”
Zurich, which also provides a market for Venture’s flagship program, The Preferred Club Program, is rated “A+” (Superior) XV by A.M. Best Co.
The hospitality program features the broadest coverage language available to resort and hotel properties nationwide. The program has the flexibility to handle management companies with M&A properties and offers access to loss-sensitive and alternative risk structures. Coverage includes General Liability, Commercial Auto, Liquor Liability, Umbrella and Workers’ Compensation, as well as Property limits to $500 million with the availability of Coastal Property coverage.
Lodging risks also have access to Venture’s proprietary risk management services, featuring best practices learned from more than 7,000 hospitality loss control visits. Services include claims, loss control and managed care through IRISK Solutions.
About Venture Insurance Programs
Venture Insurance Programs is a leading program administrator that designs, underwrites and distributes industry-specific insurance packages. Based in West
Chester, Pa., Venture has underwriting alliances with the world’s leading carrier groups, including Chubb, The Hartford, Allied World, RSUI, USLI, Zurich North America and Lloyd’s of London. Founded in 1993, Venture provides specialty insurance packages for select vertical industries—including golf and country clubs, golf destination resorts, boutique hotels, resorts, hunting and fishing lodges and technology companies.