Intergovernmental Pools Definition
A risk management tool that local governments use for risk financing. Local governments join forces in order to self-insure for a certain coverage, such as General Liability, Automobile, or Workers Compensation. The local governments make a joint purchase of reinsurance for the necessary Excess coverage above the retention level.
Storefront Owner Venture Insurance Programs http://www.programbusiness.com/tracking/sftracker.asp?Sfid=138, a national program administrator and leader in the design and underwriting of select industry-focused insurance packages, today announced that its hospitality program – Venture Hospitality – has added another workers compensation market.
hotel risk management
Senior Living Insurance The workers compensation product is underwritten by Venture Insurance Programs on behalf of The Hartford Financial Services Group, Inc. (NYSE: HIG), one of the nations largest insurers.
restaurant risk management The workers compensation coverage is ideally suited for full-service restaurant and lodging risks as well as golf and country clubs served by Ventures Preferred Club Program. In addition to The Hartford, Venture Hospitality continues to offer workers compensation coverage through its existing underwriting partnerships with other leading insurance companies.
“Were excited to offer our brokers another quality underwriting partner in The Hartford, as we continue to expand our hospitality options in all states,” said Susan Kearney, CPCU, ARM, AAI, vice president of Venture Hospitality. “Venture now is in a position to offer market-leading products to a greater array of full service restaurants and hotels.”
Deborah Bibbins, vice president of Alternative Markets and Middle Market Programs at The Hartford, said, “The Hartford looks forward to bringing its sophisticated workers compensation expertise to clients of Venture Hospitality. As one of the nations largest providers of workers compensation coverage, we understand the needs of the various businesses that comprise this sector and enjoy meeting those needs.”
Venture Hospitality – introduced in 1998 as a workers compensation solution and later expanded as an all-lines package in all states – is marketed exclusively through agents and brokers. Hospitality risks insured through Venture Hospitality will have access to Ventures risk management services including loss control and claims management specifically designed for the hospitality industry.
Independent Living Facilities Insurance for Agents For more information on Venture Hospitality, visit their storefront at http://www.programbusiness.com/tracking/sftracker.asp?Sfid=138 or contact Annamarie Keen, Director of Corporate Sales, at 800-282-6247, ext. 278.