Agreement marks Vortex’s first engagement with an insurance intermediary
Venture Insurance Programs (Venture), a leading insurance Program Manager specializing in private clubs, has entered a strategic partnership with Vortex Weather Insurance (Vortex), an Insurtech for weather insurance solutions. This collaboration primarily offers protection against weather-related risks for private clubs, including parametric Rain and Supplemental Hurricane Insurance.
Vortex provides tailored weather insurance policies to protect businesses from lost revenue and increased costs due to adverse weather. Through Venture, agents, brokers, or their insureds can protect not just private club events but many different outdoor events including concerts, sporting events, racing venues, fairs, holiday and community events, and many other outdoor affairs. Vortex’s expertise rests in providing customized solutions that address the unique challenges faced by each industry.
The partnership between Venture Programs and Vortex Weather Insurance addresses a main cause of loss for outdoor events. Clubs will now have access to comprehensive coverage including Rain and Supplemental Hurricane Insurance, ensuring that their outdoor events are shielded from potential financial losses.
One of the key areas of interest for Venture is Vortex’s offering of its transparent claims process, providing clients with a clear understanding of the coverage with most claim payments issued within two weeks, offering immediate financial support to insured clubs or charities.
“We are thrilled to announce this strategic partnership with Vortex Weather Insurance,” said Philip Harvey, Jr., EVP of Operations at Venture Insurance Programs. “This collaboration allows us to provide our agents & brokers with cutting-edge weather insurance for not just their club accounts and charities, but for dozens of outdoor and special events. This not only supports Venture’s commitment to private clubs, but also supports our client brokers seeking weather insurance for other special events.”
Vortex Weather Insurance’s dedication to innovation and customer-centric solutions aligns seamlessly with Venture Insurance Programs’ mission to provide comprehensive and tailored insurance coverage to private clubs across the nation.
“This marks our first MGA partnership and we are excited that it is with a market leader in Venture Insurance Programs as we expand our expertise in weather risk management to the private club sector,” said Eric Anderson, Director of National Sales – Golf at Vortex Weather Insurance. “Together, we aim to empower private clubs with the tools they need to navigate and mitigate the impact of adverse weather conditions on their events and operations.”
For more information about Venture’s new Rain and Hurricane Weather insurance products, please visit:
https://ventureprograms.com/programs/weather-insurance/
ABOUT VENTURE:
Venture Insurance Programs is a leading insurance provider specializing in coverage for private clubs, including golf, country, tennis, fitness, and social clubs as well as nonprofits and small businesses. With a focus on delivering tailored insurance solutions, Venture is committed to providing agents and brokers with all-lines and best-in-class insurance and risk management services for their insureds.
ABOUT VORTEX:
Vortex Weather Insurance (dba Vortex Insurance Agency, LLC) is a data-driven weather risk insurtech that offers businesses a variety of affordable parametric weather index insurance products, now including supplemental hurricane insurance. Since 2008, Vortex has provided insurance for outdoor events ranging from fairs and festivals, motorsports, youth sports, parades, professional golf tournaments and golf clubs to outdoor theaters, haunted houses, and holiday light events. Insurance is underwritten by Mitsui Sumitomo Insurance USA, Inc. (MSU), admitted in all 50 states and has an AM Best rating of A+ (Superior). Weather or not … Vortex it. Contact us at vortexinsurance.com.