How Summit built a cross-border insurance program for a Canadian gas-detection manufacturer with a US subsidiary
Summit placed 12 coverage lines across approximately 10 insurance markets in one week for a Canadian gas-detection manufacturer with a US subsidiary. Total premiums were above $200,000.
The manufacturer needed insurance for operations on both sides of the border. Its program combined manufacturing risks with aviation products liability, cargo, management liability and employee benefits.
A program built across several markets
The placement included:
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Aviation products liability with a $10 million limit.
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Commercial general liability and errors and omissions coverage.
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Property and equipment breakdown.
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Directors and officers and employment practices liability.
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Cyber insurance and marine cargo.
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US customs and excise bonds.
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Business travel coverage and employee benefits.
One team coordinating the placement
One Summit team coordinated the Canadian and US placements. The team handled the specialty coverage lines and the insurance requirements of the manufacturer and its US subsidiary.