Greenhouse Growers Have New Insurance Option
NIP Group, Inc., a specialized business insurance and risk management intermediary, recently entered into an underwriting agreement with AXA XL, which provides insurance and risk management products and services for mid-sized companies, on its GrowPro insurance program. GrowPro provides a complete insurance solution for greenhouse growers, nurseries, and garden centers nationwide.
“Partnering with AXA XL on the GrowPro program is a major win,” says Tom Doherty, President of NIP Group’s Specialty Programs Division. “AXA XL is committed to working with us to expand the program’s coverage and offerings. This move gives the new GrowPro better underwriting and pricing analytics, more capacity, and improved products and services immediately, with more improvements in development.”
“At AXA XL, we value deep industry knowledge, technical underwriting expertise, and operational excellence” says Chris Bressette, Head of AXA XL’s North America Program business. “With this new arrangement, we gain NIP Group’s industry expertise and underwriting experience and have the opportunity to extend our capabilities and quality coverage to new industries. It’s a win for each of us.”
GrowPro’s comprehensive coverage provided by the AXA XL insurance companies includes:
- Proprietary stock coverages, including hydroponic stock
- Property coverage with the capacity to handle the largest grower operations in the industry
- Broadened auto coverage
- GL, Product Liability and a host of special coverages tailored to the needs of the grower industry
In addition to the world class coverages provided by AXA XL, NIP Group can provide clients with Workers’ Compensation coverage, high-limit Umbrella Liability (up to $25 million), meaningful Risk Control services, and additional services like Human Resources review.
“We have simplified our submission process for speed and quick turnaround, and increased the size of our underwriting team,” Doherty says. “At NIP Group, we’ve been insuring green industry businesses for more than 30 years, so our experienced team can provide brokers with expert guidance on coverages and risk control, plus help brokers properly value their client’s operations, property and equipment.”
For more information on the GrowPro program, call 732-362-5764 or visit the GrowPro webpage at http://www.nipprograms.com/programs/growpro.