News

Program Brokerage Corporation Announces New National Wind and Hail Deductible Buy Down Insurance Program

Friday, October 28, 2016

Leading wholesale insurance brokerage launches new program

New York, NY, October 27, 2016 – Program Brokerage Corporation (PBC), a leading wholesale insurance brokerage firm, announced the launch of a national wind and hail deductible buy down insurance program, underwritten by an A rated carrier. The program is designed to help manage the costs of high wind and hail deductibles, featuring same day turnaround, no minimum premium and in-house binding/policy issuance.

Since property damage caused by wind and hail can impact a majority of businesses, PBC’s new national program can be utilized by a wide range of industries to alleviate the cost of these deductibles. Target businesses include real estate (residential & commercial), construction, education, hospitality, industrial, solar panel, docks/piers/wharves, greenhouses and more. The binding facility offers multiple buy down options. The program has a location limit up to $25 million and a $100 million total insurable value (TIV) for a multi-location policy, limited to five locations. Exceptions beyond these limitations may be made on a referral basis.

“Due to the increased need for this coverage by our broker partners, we are pleased to offer this exclusive program,” said Scott Bell, Senior Vice President, Programs Division, PBC. Through this new offering, we will be able to accommodate the increasing risks associated with wind and hail from one of our premiere carriers.”

For more information about the wind and hail deductible buy down insurance program, please contact: Jonah Aaron Lipin at 212-338-2983 or [email protected], Gary Shapiro at 516-496-1346 or [email protected] and Tom Henderson at 212-338-2946 or [email protected].

About Program Brokerage Corporation
Headquartered in New York, Program Brokerage Corporation (PBC) is a leading wholesale operation known for their wide range of offerings including niche programs, general wholesale, professional liability and environmental capabilities, which have helped it become one of the nation’s largest MGAs. For more information, visit www.programbrokerage.com.

Media Contact:

Cara Siegel | Vice President, Communications
Program Brokerage Corporation | [email protected]
516-677-4992