APPETITE

Real Estate

We help owners manage risks and responsibilities related to commercial properties.

Protecting people and property in commercial buildings

Applied Specialty Underwriters offers Primary and Excess Liability for habitational exposures, with a single underwriter overseeing both submissions simultaneously. The facility is offered nationwide via appointed wholesale brokers.

Coverage provided by AM Best rated ‘A’ (Excellent) carriers, Financial Size Category XI.


Appetite

The facility entertains habitational CGL and Excess Liability on the following basis:

  • Apartments

  • Commercial buildings including restaurants, retail, office and industrial space

  • Warehouses

  • Hotels


Coverage Detail

Limits Available:

  • $1M/$2M/$2M or $2M/$4M/$4M Primary CGL

  • Up to $15M in Excess Limit


Limits Structure:

  • CGL only

  • Unsupported Excess in a lead or Excess position


Submission Requirements:

  • Completed Applied Specialty Underwriters habitational supplement application or equivalent application

  • Acord Application

  • Schedule of values (SOV) or COPE in Excel document including:

    • Named insured for each property

    • Year of construction and/or renovation for each property

    • Unit count per building, per location

  • Details of the insured’s tenant vesting process for accounts larger than 5,000 units

  • Minimum of five years’ hard copy currently valued carrier loss runs (hard copy TPA loss runs required for any account previously written with a self-insured retention)

  • Minimum of five years’ historical exposure data

  • Property management agreement for any third-party managed units

  • Confirmation of the pre-approved third-party administrator including adjuster contact and contact information

Contact us to learn more.

We're here to help.

Contact Us

55 West Monroe Suite 1550 Chicago, IL 60603

Products are offered through Applied Risk Services, Inc.; New York License Number 937411, doing business as Applied Specialty Underwriters LLC

©2022 Applied Specialty Underwriters, LLC., Rated A (Excellent) by A M Best.