The only club insurance provider with underwriting authority for three “A” rated carriers, PREFERRED CLUB package program through Allied World Assurance Co. (AWAC) is now available on an admitted basis in 14 additional states
West Chester, Pa.—April 6, 2016— Venture Insurance Programs (www.ventureprograms.com), a national insurance program administrator, today announced that its flagship PREFERRED CLUB program is available in 14 additional states through Allied World Assurance Company (AWAC), one of three carriers supporting the program.
PREFERRED CLUB will provide its admitted package program through AWAC in 14 additional states: Alabama, Georgia, Idaho, Kansas, Michigan, Mississippi, Nebraska, North Dakota, Pennsylvania, Rhode Island, Tennessee, Texas, Utah and Wisconsin. AWAC is rated "A" (Excellent) Class XV by A.M. Best Company.
“PREFERRED CLUB is the only club insurance provider trusted with underwriting authority and proprietary access to three A.M. Best “A” rated or better insurance carriers, enabling our underwriters to accommodate the broadest spectrum of risks in the golf industry with all lines coverage,” said Philip J. Harvey, Venture president and founder. “We’re pleased to expand the availability of our club package through AWAC in these additional states.”
For several years, PREFERRED CLUB has provided an admitted insurance package through AWAC in five states: North Carolina, South Carolina, New Jersey, Massachusetts and Virginia; as well as a non-admitted package in several coastal states
PREFERRED CLUB is the leading insurance provider to the club industry, providing specialty insurance to 40 percent of the top golf & country clubs in the U.S. The program serves golf clubs, golf management companies, private clubs and other related businesses across the country. The proprietary PREFERRED CLUB package includes property, general liability, commercial auto, D&O/EPL, pollution liability, cyber liability, excess & umbrella and workers’ compensation.
For more on PREFERRED CLUB visit www.preferredclub.com.
About Venture Insurance Programs
Venture Insurance Programs (www.ventureprograms.com) is a leading program administrator that designs, underwrites and distributes industry-specific insurance packages. Based in West Chester, Pa., Venture has underwriting alliances with the world’s leading carrier groups, including Chubb, Allied World, RSUI, USLI, Zurich North America, State National, Monitor and Lloyd’s of London. Founded in 1993, Venture provides specialty insurance packages for select vertical industries—including golf and country clubs, golf destination resorts, hotels, resorts, commercial marine, hunting and fishing lodges and city and social clubs.