Overview of the Program From New Empire Group
New Empire Group is a program administrator specializing in umbrella insurance solutions for real estate and hospitality. Our PRIME Commercial Umbrella Insurance Program delivers broad excess liability protection to help clients manage catastrophic loss scenarios that exceed primary policy limits. The program is offered on an admitted basis nationwide and is supported by top-rated carriers, including Chubb, AIG, Crum & Forster, and Ohio Casualty.
Ideal Accounts and Appetite
Underwriting at New Empire Group focuses on core real estate classes. The PRIME program is a strong fit for agents and brokers placing the following account types:
• Condominium associations
• Garden apartments
• Industrial buildings
• Independent living residences
• Apartment buildings
• Commercial and office buildings
• Homeowner associations
• Affordable (tax credit) housing
• Student housing
• Cooperatives
• Senior housing
You can use this program for single-site risks or multi-location portfolios. Typical accounts include owners or managers of residential complexes, mixed-use developments, and community associations seeking scalable excess limits and consistent underwriting across states.
Coverage Highlights and Advantages
PRIME provides flexible limit structures and broad excess protection built for real estate exposures. Key features include:
- Coverage limits: Available from $1 million up to $100 million in increments to match client needs.
- Excess/umbrella structures: Offers true umbrella forms and excess follow-form options over scheduled underlying policies.
- Separate aggregates: Separate aggregates can be provided for umbrella, excess, personal & advertising injury, and products/completed operations.
- International & specialty exposures: Options to extend coverage for non-owned aircraft with crew, non-owned watercraft, autos operated outside the U.S., and certain war/insurrection incidents.
- Optional enhancements: Add-ons may include damage to alienated premises, business and host liquor liability, and coverage for suits brought outside the United States.
Underwriting Notes and Minimum Premiums
Minimum premiums and specific terms vary by territory and risk profile. Underwriters evaluate exposures, loss history, and the quality of underlying limits when quoting. For submission, provide a complete application, current loss runs, and full details of underlying policies. We consider both single-location risks and portfolio placements; complex or high-hazard risks should be pre-screened with underwriters before submission.
Territories and Availability
The PRIME program is available on a fully admitted basis in all 50 states and the District of Columbia. New Empire Group’s national footprint supports placing accounts from urban high-rises to suburban and rural residential portfolios.
Why Work With New Empire Group on This Business
New Empire Group brings focused underwriting for real estate and hospitality liability exposures and direct access to highly rated carriers. As a program administrator, we combine industry-specific expertise with responsive service to deliver streamlined placements for agents and brokers. Partnering with us provides:
- Access to admitted umbrella capacity with top carriers.
- Underwriters experienced in real estate liability exposures and portfolio placements.
- Flexible limit options and tailored endorsements for specialty exposures.
- Dedicated support for submissions and competitive turnaround times.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for condominiums, apartment buildings, commercial and office properties, student housing, senior living facilities, and homeowner associations.
What umbrella limits are available under this program?
Coverage limits range from $1 million to $100 million, depending on the insured’s needs and underwriting approval.
Is this program available nationwide?
Yes. The program is admitted and available in all 50 states and the District of Columbia.
What carriers back this umbrella program?
We partner with top-rated carriers including Chubb, AIG, Crum & Forster, and Ohio Casualty.
How quickly can I get a quote?
Turnaround depends on submission completeness and complexity. Provide a full application, loss runs, and underlying policy information for the fastest response; we strive to deliver prompt quotes for qualified submissions.
Need help placing an account? Connect with a market specialist.