Wednesday, November 19, 2008

IBA West Members Have Access to New Program

California-based IBA West Service Corp. announced its endorsement of a new specialty contractors program provided by Commodore Insurance Services Inc.

The program available to IBA West member brokers and agents in California, Oregon and Washington will provide General Liability and Inland Marine Contractors coverage. Commodore will assume the responsibility for providing expertise in the contractor market and developing products that enhance IBA West Service Corp. offering to their members.

Commodore, who underwrites a book of specialty casualty business sourced from the London and U.S. markets, is a provider of property and casualty products for the contractors sector in the Western States. Operating from its corporate offices in Emeryville, Commodore manages a stable of programs and products targeted to the Small Business Sector.

Program highlights include:

New Ventures
Maximum of 50% sub-contractor cost
No more than $5,000,000 in gross receipts
$1,000 Min Premium for artisan $3500 Homebuilders
A XVI Rated Carrier
First 5 AI's included
Primary and non-contributory wording included
Waiver of Subrogation
GC's,Artisan,and Homebuilders
Roofing, excavation, grading, and foundation in conjunction with homebuilding
More than 50 classifications
Easy online rater-friendly staff

"Commodore has always recognized IBA West as leader, advocate and educator for the independent insurance broker and agent, “ said Dan Murphy, chief executive officer of Commodore. “Our Contractors division continues to provide the market with great products and service. IBA West’s endorsement is an acknowledgement of our hard work.”

“The Service Corporation is excited to offer IBA West brokers and agents a new Specialty Contractors Program that adds to the growing list of association insurance products and services available to members,” said Clark Payan, president of the Service Corporation. “We’re also excited and proud to enter into a business relationship with our long-time associate member, Commodore Insurance Services. Their expertise in the insurance contracting field will be an added benefit to members who use this product.”

IBA West members can access the new product and download product forms and application by visiting www.IBAWest.com and clicking on the “Products” listing.

Commodore representatives include: Lupe Velasquez who has been assigned Underwriting and Product Director. Lupe can be reached at 510-899-6505 or lvelasquez@commodoreins.com. Steve Murphy will coordinate company marketing initiatives. Steve can be reached at 510-899-6530 smurphy@commodoreins.com. Kevin Healy will serve as association liaison. Kevin can be reached at 510-899-6518 or khealy@commodoreins.com.

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