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 California
West Chester, Pa.—June 15, 2016— Venture Insurance Programs (www.ventureprograms.com), a national insurance program administrator, that its flagship PREFERRED CLUB program is available in California through Allied World Assurance Company (AWAC), one of three carriers supporting the program in all 50 states.
PREFERRED CLUB will provide its admitted package program through AWAC in California, as well as 23 additional states: Alabama, Colorado, Connecticut, Georgia, Idaho, Kansas, Kentucky, Massachusetts, Michigan, Mississippi, Montana, Nebraska, New Jersey, North Carolina, North Dakota, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, 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,” said Philip J. Harvey, Venture president and founder. “Providing access to AWAC in California further enables our underwriters to accommodate a variety of risks in the golf industry with all lines of coverage.”
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 and 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.