Brooks Insurance Agency, the wholesale division of Venbrook Specialty Services, today announced a partnership with The Hartford to launch a Third-Party Logistics (3PL) Warehouse Practice. The practice is designed specifically for insurance brokers with warehouse accounts and those interested in soliciting this class of business.
Built from 60 years of industry experience, the new 3PL Warehouse Practice will assist brokers with designing the proper coverage forms for their clients including establishing property and legal loss limitation agreements, helping address the individual needs of clients’ customers, and offering direct access to the industry’s leading experts on warehouse legal liability issues. This strategic partnership offers companies warehouse and logistics coverage that can flex and expand depending on individual requirements.
“Brooks’ expertise coupled with The Hartford’s underwriting, coverage and risk engineering capabilities are a great match. We wanted to create an insurance practice that addressed all of the industry-specific issues 3PLs and warehouses face,” said David Rosen, Managing Director of Brooks. “We’re excited to help brokers mitigate the unique risks facing their industry and provide full coverage for companies. The Hartford was a natural fit for this initiative.”
The partnership addresses the distinct needs of the logistics industry by offering customized products that can provide coverage for the entire logistics spectrum. Coverage may include warehouse legal liability; buildings, contents and business interruption; motor truck cargo legal liability including contingent liability; expanded coverage for transportation brokers; comprehensive general liability; trucking; umbrella liability; worker’s compensation; and more.
“The logistics and warehouse industry is rapidly evolving with new technology and regulatory requirements,” said Sharon Primerano, chief underwriting officer for The Hartford’s marine practice. “Venbrook’s experience and expertise make them a natural partner to bring risk transfer solutions to the marketplace as we look to grow our business.”
For more information on the 3PL Warehouse Practice, visit www.brooks-ins.com.
About Brooks Insurance Agency
Brooks Insurance Agency has served the marketplace as a nationally recognized wholesale agency for over 25 years. Brooks continues to broaden its reach to include standard markets, specialty lines, and distressed lines of business.
Brooks' experience as a true excess and surplus lines wholesaler results in meaningful company relationships within the specialty marketplace to accommodate your coverage needs, on both an admitted and non-admitted basis.
As an independent wholesaler, Brooks maintains significant market relationships, enabling a preferred partner status that allows us to remain in lockstep with the latest in the marketplace.
Brooks is committed and works every day to deliver efficiently, timely, and with a discerning eye toward profitability for our partners.
About Venbrook®
Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services. Venbrook caters to a national client base across myriad industries with divergent needs. Venbrook's team of experts and industry specialists' partner with their clients to manage their risks, create security, promote growth and add value by delivering best-in-class insurance products and programs.
Venbrook continues to build partnerships to expand its insurance platform while continuing to invest in its infrastructure and talent. Venbrook is headquartered in Los Angeles with various locations across the country. For more information, please visit www.venbrook.com.
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