The new carrier partnership for the accounts of Venture’s flagship PREFERRED CLUB program will provide an admitted package program through the Allianz Group’s specialist corporate insurer. Featured coverages include expanded outdoor property, tee-to-green, tree replacement, and $25 million in umbrella coverage, which can include Directors & Officers and Employment Practices Liability insurance.
Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS), for the golf and country club accounts of its flagship PREFERRED CLUB program, Insurance Journal reported.
PREFERRED CLUB will provide an admitted package program through AGCS nationally, Insurance Journal reported. Featured coverages through this new relationship with AGCS include expanded outdoor property, tee-to-green, tree replacement, and $25 million in umbrella coverage, which can include Directors & Officers (D&O) and Employment Practices Liability (EPL) insurance.
Eligible classes include private golf and country clubs, semi-private clubs, daily-fee courses, city clubs, private golf communities and golf management companies, Insurance Journal reported.
PREFERRED CLUB provides specialty insurance to the club industry, including 40 percent of the top golf and country clubs in the U.S. The program serves golf clubs, golf management companies, private clubs and other related businesses across the country.
The proprietary PREFERRED CLUB package includes property, general liability, commercial auto, D&O/EPL, pollution liability, cyber liability, excess and umbrella and workers’ compensation.
Venture Insurance Programs is a program administrator that designs, underwrites and distributes industry-specific insurance packages. Based in West Chester, Pa., Venture has underwriting alliances with global carrier groups, including Allianz SE, Chubb, RSUI, USLI, Zurich North America, State National, Monitor and Lloyd’s of London.
Founded in 1993, Venture serves select industries—including golf and country clubs, golf destination
resorts, hotels, resorts, commercial marine, fitness, wellness and spas, hunting and fishing lodges, and city and social clubs.
Allianz Global Corporate & Specialty is the Allianz Group’s dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (including Space), Energy, Engineering, Entertainment, Financial Lines (including D&O), Liability, Mid-Corporate and Property insurance (including International Insurance Programs).
For more information, go to https://ventureprograms.com/programs/golf-country-clubs/