Products

Middle Market

Commercial habitational, real estate/lessor’s risk, office/retail/restaurant, and public entity/municipality/school districts. Our underwriting team utilizes advanced technology and third-party data to offer bespoke coverage for your mid-large commercial property nationwide through a pool of specialized national and regional wholesale brokers.

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Products

Small to Medium Business

We offer coverage for commercial habitational, real estate/lessor’s risk, office/retail/restaurant, and healthcare businesses. Our advanced underwriting technology enables us to tailor your coverage to your specific business needs.

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Middle Market

Tailored Solutions to Protect Your Business

From AM Best ‘A++’ ,‘A’, and ‘A-’ and S&P 'AA++' and 'A+' Rated Insurance Coverage Providers

We protect against:

  • Named Wind, Earthquake, and Flood

Product Offering:

  • All Risk Including, Named Perils,  Wind Deductible Buy Back

We offer:

  • Primary
  • Excess
  • Quota Share
  • Ground Up

We focus on:

Catastrophe exposed commercial properties:
  • Tier 1 and Tier 2 from Texas to Maine
  • California and Pacific Northwest Earthquake 

Security:

  • National Fire & Marine Insurance Company (A++ XV AM Best rated and AA+ S&P rated)
  • Certain underwriters at Lloyds (A XV AM Best and A+ S&P rated)
  • United Specialty Insurance Company (A X AM Best rated)
  • Fortegra Specialty Insurance Company (A- IX AM Best rated)
  • Velocity Specialty Insurance Company (A- VIII AM Best rated)

Availability:

  • All 50 states
  • Submitted risk must have at least 50% hurricane or earthquake exposure

Capacity:

  • Minimum TIV: $10M per location
  • $50K minimum premium

Small to Medium Business

Keep Your Business in Business

From AM Best ‘A++’ ,‘A’, and ‘A-’ and S&P 'AA++' and 'A+' Rated Insurance Coverage Providers

We protect against:

  • Windstorm/hail
  • All other perils (AOP)
  • Earthquake

Capacity:

  • Max TIV: $10M in Alabama, Florida, Georgia, Louisiana, Mississippi, South Carolina, Texas

Security:

  • National Fire & Marine Insurance Company (A++ XV AM Best rated and AA+ S&P rated)
  • Certain underwriters at Lloyds (A XV AM Best and A+ S&P rated)
  • United Specialty Insurance Company (A X AM Best rated)
  • Fortegra Specialty Insurance Company (A- IX AM Best rated)
  • Velocity Specialty Insurance Company (A- VIII AM Best rated)

Availability:

  • Alabama
  • Florida
  • Georgia
  • Louisiana
  • Mississippi
  • South Carolina
  • Texas

Moratorium Policy

Our Moratorium Policy

In some circumstances, we will temporarily halt or suspend certain underwriting activities in particular areas. Additional restrictions may be imposed when appropriate.

Skyline view of Ben Franklin Bridge in Philadelphia, Pennsylvania at sunset
When a territory is under a moratorium for a given peril:
  • No new policy quote will be issued
  • No outstanding quote can be bound
  • Renewals and endorsements will be subject to underwriting referral
  • Certification of no loss may be required post event
At a minimum, the moratorium by peril will include the following:
Earthquake
  • Exposure within 50 miles of an epicenter of an earthquake recorded at size 5.0 or greater
  • Moratorium will last for 10 days from last reported shake on the subject fault line
Wind
  • Risks with a location projected to be in the path of a named tropical storm as determined by the NOAA or National Hurricane Center
  • Size and scope will vary by the intensity of any given named storm
  • Moratorium will last the duration of the named storm
Flood
  • Risks with a location projected to be in the path of a named tropical storm as determined by the NOAA or National Hurricane Center
  • Size and scope will vary by the intensity of any given named storm
  • Moratorium will last the duration of the named storm
  • Imminent flood watch or warning as declared by NOAA or other governmental agencies involved in the measurement of flood
All perils:
  • If a fire or similar peril is proximate to, or if an insured location is in the potential path of, a known event.

© 2023 Velocity Risk Underwriters, LLC. | Disclaimer | Terms of Use | Privacy Policy | ESG PolicyVelocity Risk Linkedin

Velocity HoldCo, LLC, , is the holding company for Velocity Risk Underwriters, LLC (“Velocity Risk”), Velocity Claims, LLC (“Velocity Claims”) and Velocity Specialty Insurance Company (“Velocity Specialty”) (collectively “Velocity” or “we”, “us”, or “our”). Velocity HoldCo., LLC is a Delaware limited liability company with corporate offices located in Tennessee. Insurance products are offered through Velocity Risk and underwritten by Velocity Specialty an AM Best (A-) rated E&S carrier domiciled in Delaware, with corporate offices at 10 Burton Hills Blvd., Suite 300B, Nashville, TN 37215, along with other insurers.

Velocity Risk, the Managing General Agency, provides underwriting services for Velocity Specialty and other surplus lines insurers, and develops insurance policies from retail agents and wholesale brokers. Velocity Risk does not solicit insurance directly from the public and underwrites policies using Non-Admitted Carriers. Some products available through Velocity Risk may only be available in certain states. In the following states, Velocity Risk does business as Velocity Risk Insurance Agency, LLC with the respective license numbers: CA: #0K75926, NV: #3139629 and; NY: #PC-1416409, #BR-1416409 and #EX-1416409.

Velocity Risk also offers claims administrative services which are managed by Velocity Claims, our world class claims operation, through various third-party claims organizations. Velocity Claims does business as Velocity Claims, LLC in all states, except Ohio where it does business as Velocity Claims Of Ohio.
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A moratorium for Middle Market Business has been issued for Los Angeles County in California due to the ongoing wildfires.

 

For additional detailed information, visit The Department of Forestry and Fire Protection