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Feb 03, 2017
All Risks, Ltd. Launches New Nationwide Bikes and Boards Insurance Program
HUNT VALLEY, MD (February 3, 2017) – All Risks, Ltd., the nation’s largest independent wholesale insurance brokerage firm, is working with Chubb, A. M. Best A++ (Superior) rated carrier, to launch a national program for bicycles and boards. This program targets specialty bicycle/electric bicycle dealers, distributors, importers and manufacturers, component manufacturers, bicycle/electric bicycle rental operations, ski equipment retail stores and related suppliers, and non-motorized waterborne equipment in all states. It is available within the National Specialty Programs Unit of All Risks.
Insurance coverage available includes Property, Inland Marine, Crime, General Liability, Automobile, and Umbrella. Also, All Risks can offer critical coverage extensions, such as blanket business personal property, equipment breakdown, property of others, accounts receivable, valuable papers, money and securities, voluntary parting and vendors coverage. The program can also offer enhancements for cyber insurance and product recall coverage.
“Physical activity is on the rise as more people continue to strive for a healthier lifestyle. Bike and ski shops not only sell products, but they also provide a wide variety of services such as rentals, repairs, and training and safety courses. In addition to the standard General Liability coverage that most retail shops need, our Bikes and Boards Insurance Program through Chubb, also covers the unique risks encountered in the outdoor sports industry, as well as emerging perils associated with Product Recall and Cyber Liability, both of which Chubb has been in the forefront with solutions and deep expertise,” explained Senior Vice President of National Programs, Chris McGovern.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at http://www.chubb.com.
All Risks, Ltd., based in Hunt Valley, Maryland, is the largest national independent wholesale brokerage firm offering comprehensive insurance solutions with a full-service platform of brokerage, contract binding, exclusive national programs and specialty personal lines products for retail insurance agents and brokers nationwide. The 52-year-old firm employs 850 staff members in offices located in Maryland, Arizona, California, Colorado, DC, Florida, Georgia, Illinois, Indiana, Louisiana, Minnesota, Nebraska, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington. To learn more, please visit http://www.allrisks.com/.