Ideal Accounts and Appetite
Our Umbrella Insurance program is ideal for residential condominium associations, co-op buildings, and similar community-managed properties. These accounts typically have general liability, directors and officers (D&O), and property coverage in place, but need additional protection against catastrophic losses.
You might have a client managing a multi-building condo complex in Florida or a high-rise co-op in New York. Our program is designed to provide the excess liability coverage needed to protect against lawsuits stemming from bodily injury, property damage, or personal injury incidents on the premises.
Coverage Highlights and Advantages
Our PRIME Umbrella program provides flexible coverage limits ranging from $1 million to $100 million, allowing you to tailor protection based on your insureds’ needs and risk profile. Coverage includes:
- Bodily Injury
- Property Damage
- Personal Injury
- Advertising Injury
All coverage is written on a fully admitted basis through top-tier carriers such as Chubb, AIG, Crum & Forster, and Ohio Casualty. This ensures a high standard of financial strength and claims handling your clients can trust.
Underwriting Notes and Minimum Premiums
Minimum premiums vary by territory and are based on the size and complexity of the account. We work closely with agents to assess exposures and deliver competitive solutions tailored to fit each insured’s risk profile. Our experienced underwriters are available to help you navigate submissions efficiently and effectively.
Territories and Availability
This program is available in all 50 states, including Washington D.C. Whether your clients are located in coastal regions with high catastrophe exposure or urban centers with dense populations, we have the flexibility and carrier partnerships to address their needs.
Why Work With New Empire Group?
New Empire Group is a national program administrator specializing in niche commercial real estate risks. Our deep industry knowledge, long-standing carrier relationships, and responsive service make us a valuable partner for agents and brokers seeking umbrella coverage for condominium clients. We offer fast turnaround times, flexible underwriting, and a commitment to helping you succeed in placing complex accounts.
For more information about our Umbrella Programs for Condominium Associations and the additional products that we offer at New Empire Group, please give us a call or send us an email.
Frequently Asked Questions
What types of accounts are a good fit for this umbrella program?
Residential condominium associations, co-ops, and planned communities with active board governance and standard primary liability coverages in place are an excellent fit.
What is the minimum premium for this program?
Minimum premiums vary by state and account size. Contact us for a tailored quote based on your client's location and risk profile.
Is this program admitted in all states?
Yes, our umbrella program is fully admitted in all 50 states and Washington D.C.
Who are the carriers backing this program?
Coverage is written through top-rated carriers including Chubb, AIG, Crum & Forster, and Ohio Casualty.
Can I submit accounts located in catastrophe-prone areas?
Yes, we have flexibility to consider accounts in CAT-exposed regions, though underwriting will review each submission individually.
Need help placing an account? Connect with a market specialist.