Monarch Insurance Service Enhances Coverage with Obsidian
Monarch E&S Insurance Services Enhances Coverage Options
Monarch E&S Insurance Services has unveiled its exclusive personal umbrella policy, the Knight Protector, in partnership with Obsidian Insurance Holdings. This innovative offering aims to transform personal liability insurance by providing exceptional coverage limits and protection for a diverse range of clients, including individuals, families, and various legal entities.
Introducing Knight Protector Personal Umbrella Policy
The Knight Protector personal umbrella policy stands as a robust defense against the financial repercussions that can arise from lawsuits and claims. With coverage options extending up to $5 million, this policy is meticulously designed to safeguard assets and secure future earnings across various scenarios, granting peace of mind to policyholders.
Expert Leadership
CEO Derek Borisoff shared, "Partnering with Obsidian allows us to enhance our product offerings and leverage their A- rated paper to provide top-tier protection. With 30 years of experience in the personal umbrella sector, our seasoned team is ready to meet the diverse needs of our clients with this exclusive product." His confidence reflects the depth of experience Monarch E&S brings to the insurance industry.
Collaboration and Vision
Obsidian's CEO, William Jewett, expressed strong support for this merger: "We firmly believe in Monarch's mission to offer greater insurance solutions to their clients. We are excited to begin this strategic partnership with an organization that fuses exceptional underwriting expertise with a dedicated focus on client satisfaction." Such collaboration points towards an evolving insurance landscape tailored to better serve individual requirements.
Key Features of the Knight Protector Policy
The Knight Protector personal umbrella policy is packed with essential features designed to meet the needs of various clients:
- Nationwide Availability: This policy is accessible across all 50 states, ensuring extensive protection no matter where clients reside.
- Open Driver Eligibility: Coverage is designed to be favorable for all drivers, including youthful and senior drivers, making it suitable for families at every stage of life.
- Enhanced UM/UIM Protection: The policy provides vital protection against underinsured or uninsured motorists, securing the peace of mind of policyholders nationwide.
- Elite Risk and Non-Standard Market Access: The plan includes tailored options for high-profile professions, alongside the capability to underwrite in non-admitted markets with superior ratings.
- Global Coverage Extensions: International coverage applies to U.S. domiciled risks, including relationships with reliable entities such as Lloyd's of London.
- Reputation Defense Coverage: With provisions for up to $25,000 for reputation repair, this feature is critical for maintaining a positive public image during legal disputes.
Obtaining the Knight Protector Policy
The Knight Protector policy is readily available through Monarch E&S. Interested parties seeking comprehensive protection can connect with representatives, including Stefanie McLeod, for further information and guidance.
About Monarch E&S Insurance Services
Monarch E&S Insurance Services, a division of Specialty Program Group LLC, prides itself on delivering unmatched service and expertise in both commercial and personal insurance solutions. As a full-service managing general agent (MGA) and wholesale broker, Monarch E&S enables retail insurance agents and brokers to access a wide array of business lines. Over its 38 years in operation, Monarch E&S has cultivated strong underwriting authority with leading surplus line markets and boasts a strong reputation within the wholesale brokerage space.
About Obsidian Insurance Holdings
Formed in 2020 in conjunction with Genstar Capital, Obsidian Insurance Holdings focuses on providing specialized insurance programs through its U.S. insurance carrier subsidiaries. The company is committed to aligning its economic considerations with underwriting excellence, managing two admitted carriers and a surplus lines carrier, all of which have received an "A-" rating from A.M. Best.
About Specialty Program Group LLC
Headquartered in Chicago, IL, Specialty Program Group LLC (SPG) stands out as a premier specialty platform encompassing various operations in underwriting management, digital solutions, wholesale and specialty retail brokerage, and insurance services. SPG has consistently demonstrated a capacity to scale industry-leading businesses through strategic access to resources, technology, and a wide-ranging distribution network.
Frequently Asked Questions
What is the Knight Protector personal umbrella policy?
The Knight Protector is a personal umbrella policy providing up to $5 million in coverage to protect against various liability concerns.
Who can apply for the Knight Protector policy?
The policy is available to individuals, families, and legal entities, with open driver eligibility for all, including youthful and senior drivers.
What are the main features of the policy?
Key features include nationwide availability, enhanced coverage against uninsured motorists, and global coverage extensions for U.S. domiciled risks.
How can I obtain the Knight Protector policy?
Potential clients can obtain the policy by contacting Monarch E&S directly for more information and assistance.
What motivates Monarch E&S in offering this policy?
This initiative stems from Monarch E&S’s mission to expand insurance solutions, enhancing protection for their clients through strategic partnerships.
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