Novatae Risk Group offers a flexible, competitively priced Commercial Insurance Package Program – AXV designed to help agents and brokers place a wide range of small- to mid-sized commercial accounts. The program combines Commercial Property and ISO General Liability into a streamlined package covering more than 200 class codes, with in-house underwriting for faster turnaround.
With full in-house quoting, binding, and issuance capability, Novatae can provide same-day service on qualified submissions. Backed by an A.M. Best rated AXV carrier, the program is available on both admitted and non-admitted paper in most states, giving you flexibility to meet clients’ needs. Whether the account is a single retail location or a small multi-location service business, this program delivers reliable coverage and responsive service.
Please contact us at 800-758-8113 to speak with our brokers about placing Commercial Insurance Package accounts.
Program Highlights:
- SAME DAY QUOTE, BIND & ISSUE!
- $1,000,000 / $2,000,000 CGL limits – ISO form, standalone or package*
- Excess liability up to $5,000,000 available
- In-house authority for property coverage up to $1,500,000 total value per location
- Property values up to $25,000,000 – submit for fast approval
*Property coverage options include Building, Business Personal Property, Contractors Equipment, Business Income, and Extra Expense.
Program Features:
- A.M. Best rated AXV carrier
- $500 minimum premium
- $500 minimum deductible
- ISO form General Liability
Target Accounts:
- Apartments
- Office buildings
- Bed & breakfasts
- Health clubs
- Plant nurseries
- Restaurants
- Upholsterers
- Retail stores
- Hardware distributors
- Gas stations
- Mini-golf facilities
- Appliance distributors
- Gun clubs
- Video stores
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- Barber / beauty shops
- Home improvement services
- RV parks
- Funeral homes
- Health & sports clubs
- Theatres
- Taxidermists
- Auto parts distributors
- Hotels / motels
- Museums
- Open-air parking lots
- Printers
- Warehouses
- Vacant land & property
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Target Contractor Classes:
Ideal artisan contractors include sewer contractors, roofers, sign erectors, painters, drywallers, plumbers, septic tank cleaners, HVAC installers, appliance installers, and metal erectors.
Property: Both basic and broad form coverage are available.
Optional extensions: Outdoor signs, lock replacement, fire extinguishing system expense, sewer backup, employee dishonesty, money & securities, food spoilage, and forgery/alteration.
Submission Requirements:
- Acord 125 and 126 for General Liability
- Applicable Acords for Property/Equipment
- Three years of loss runs
- Completed supplemental application
Territories and Availability:
This program is available in most states, including AL, AK, AZ, CA, CO, CT, FL, GA, IL, KY, LA, MN, MS, MO, NV, NJ, NM, NY, NC, PA, SC, TN, TX, UT, VA, WV, and WI. Both admitted and non-admitted options are accessible depending on the state and risk profile.
Why Work With Novatae Risk Group?
As a wholesale broker, Novatae provides efficient access to quality commercial package markets and dedicated in-house underwriting authority. Our strengths include quick turnarounds, broad class code appetite, and strong carrier relationships that help you place accounts other markets may decline. We focus on practical, service-forward solutions so you can get bindable terms faster and move on to the next submission.
Example scenarios that fit well:
- A local restaurant with a moderate liquor exposure seeking a $1M/$2M GL limit and business income coverage for a single location.
- A chain of three retail stores needing a packaged property and liability program with in-house binding and a quick effective date.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program works well for small- to mid-sized commercial clients such as restaurants, retail stores, health clubs, artisan contractors, and hospitality businesses like hotels and RV parks.
Can I get a quote, bind, and issue coverage on the same day?
Yes. For qualifying submissions, Novatae can quote, bind, and issue coverage in-house on the same day.
What are the property coverage limits available?
Novatae has in-house authority up to $1.5 million per location, with fast approval available for property values up to $25 million.
Is the program available on admitted paper?
Yes. The program is offered on both admitted and non-admitted paper, depending on the state and the risk profile.
What are the submission requirements?
Provide Acord 125 and 126 for GL, applicable Acords for property/equipment, three years of loss runs, and the completed supplemental application.
Need help placing an account? Connect with a market specialist.