New York, NY
Starr Insurance Companies announces a new Commercial Insurance Umbrella Liability policy, designed specifically for small-sized businesses.
This product marks the next phase in Starr’s growing suite of insurance solutions for small businesses. The Commercial Insurance Umbrella policy complements the Company’s Business Owners Policy (BOP) and provides policy limits up to $5 million, in $1 million increments.
“At Starr, we are focused on developing insurance solutions that meet the needs of small businesses. Many of our existing clients and prospects require higher limits of coverage to address their growing businesses. This new product furthers Starr’s commitment to this segment,” states Jim Vendetti, Executive Vice President & Chief Underwriting Officer, Starr Indemnity & Liability Company.
This is the first of many coverage extensions to the BOP policy that will be introduced in the coming months. Starr defines small-sized enterprises as those organizations with up to $15 million in annual sales and up to fifty employees.
Starr’s small business offerings are underwritten by Starr Indemnity & Liability Company, an A.M. Best “A” (Excellent) rated company.