WKFC Specialty’s property program provides solutions for niche parts of the market which can often be difficult to find adequate insurance protection for. Shown below are property products that are offered on a shared and layered basis as well as deductible solutions.
Please send all submissions for WKFC Specialty to WKFCSpecialtySubs@wkfc.com.
Commercial Excess Real Estate
• TIV: Up to $1B
• Policy Type: All risks including or excluding flood & earthquake
• Primary Limits: Not available
• Excess Limits: $5M (not to exceed 50% layer participation)
• Wind Coverage: Coastal & inland wind coverage available
Ineligible Perils:
• No earthquake coverage in CA, AK, HI, PNW and New Madrid and no standalone earthquake
• No flood in FEMA Special Flood Hazard Areas
Target Classes: Apartments, Offices, Shopping Centers, Restaurants, Schools, Condominiums, Nursing Homes, General Commercial, Municipalities
Manufacturing Processing and Warehousing (MPW)
• TIV: Up to $1B
• Policy Type: All risks including or excluding flood & earthquake
• Primary Limits: Up to $3.425M
• Excess Limits: Up to $6.85M
• Wind Coverage: Wind coverage excluded in Tier 1 Counties from TX to VA and the State of FL
Ineligible Perils
• No earthquake coverage in CA, AK, HI, PNW and New Madrid and no standalone earthquake
• No flood in FEMA Special Flood Hazard Areas
Target Classes: Wood Workers, Recyclers, Plastic Packers, Cement Plants, Foundries, Food Processors & Distribution, Vacant Structures, Metal working & machine shops, Other medium to high hazard manufacturing occupancies
Primary Flood
• TIV: Up to $25M
• Maximum Limit: Up to $5M
• Excluded Perils: Flood Zone V, Negative Elevation, Builder’s Risk
• Submissions: FloodSubs@wkfc.com
Target Classes: Apartments, Condos, Shopping Centers, Assisted Living, Personal Lines – Homeowners
XS Flood
• TIV: Up to $80M
• Maximum Limit: Up to $25M
• Submissions: FloodSubs@wkfc.com
Target Classes: Excess of NFIP or Primary Carrier for Commercial Properties and Residential Dwellings
Wind Deductible Buybacks – Coastal & Inland
• TIV: Up to $150M
• Maximum Limit: $5.5M (layered basis)
• Minimum Deductible: $5,000
• Countrywide availability
Target Classes: Wind & Hail, Commercial Habitational, Builder’s Risk
Earthquake or Flood Deductible Buybacks
• Maximum Limit: $1M
• EQDBB Minimum Deductible: 1% of TIV or $25,000 per occurrence
• FDBB Minimum Deductible: $5,000
Target Classes: All Construction Types, Commercial, Habitational, Builder’s Risk
Property AOP and Water Damage Deductible Program
• TIV: Maximum $1B
• Maximum Limit:
• $250,000 per occurrence and $1m annual aggregate limit
• Up to 6 times aggregate of the per occurrences limit
• Minimum Deductible: $10,000 per occurrence
• Maximum Policy: 18 months
• Excluded Perils: Flood, Backup of sewer and drains, Earthquake, Named windstorm, Equipment breakdown
Target Classes: Habitational, Offices, Hotels / Motels, Shopping Centers, Convenience Stores, General Commercial, Manufacturing & Warehousing (MPW)
Construction AOP and Water Damage Deductible Program
• TIV: $400M Hard Costs only
• Maximum Limit:
• $250,000 per occurrence
• $1M term aggregate limit and 4 times aggregate of the per occurrence limit
• Minimum Deductible: $10,000 per occurrence
• Maximum Policy: 36 months
• Excluded Perils: Soft Costs / DSU / Rental Income, Flood, Earthquake, All Windstorm & Hail, Equipment Breakdown
Target Classes: Frame construction, Non-combustible construction, Renovation projects, Mid term projects
AgRisk Underwriters is a division of WKFC Underwriting Managers dedicated to agriculture property coverage for the post-harvest sector. Please submit all submissions to your underwriter.
Commercial / Industrial Agricultural Property
• Maximum Limit: $10M (Primary or Shared Primary)
Coverage Features:
• All Risk Coverage
• Broad Perils Coverage
• Physical Damage Cover Available for Animal Inventory
• Stock Throughput
• Mobile Equipment Coverage
• Real and Personal Property and Time Element Coverage
Target Classes: Post-Harvest Sector. Includes, but not limited to: Cotton Warehousing and Gins, Dairies, Egg Producers, Fruit Packers, Grain Packers, Grower / Packer / Shipper, Meat Processing, Nut Grower / Shippers, Wine Producers
Commercial Excess Real Estate
Manufacturing Processing and Warehousing (MPW)
Primary Flood
XS Flood
Wind Deductible Buybacks – Coastal & Inland
Earthquake or Flood Deductible Buybacks
Property AOP and Water Damage Deductible Program
Construction AOP and Water Damage Deductible Program
AgRisk Underwriters is a division of WKFC Underwriting Managers dedicated to agriculture property coverage for the post-harvest sector. Please submit all submissions to your underwriter.
Commercial / Industrial Agricultural Property
The description of this product is only a summary of available coverages. The terms, conditions, provisions, limitations, and exclusions of the actual policy as issued will dictate the scope of coverage in the event of a claim.
Manufacturing Processing and Warehousing (MPW)
• TIV: Up to $1B
• Policy Type: All risks including or excluding flood & earthquake
• Primary Limits: Up to $3.425M
• Excess Limits: Up to $6.85M
• Wind Coverage: Wind coverage excluded in Tier 1 Counties from TX to VA and the State of FL
Ineligible Perils
• No earthquake coverage in CA, AK, HI, PNW and New Madrid and no standalone earthquake
• No flood in FEMA Special Flood Hazard Areas
Target Classes: Wood Workers, Recyclers, Plastic Packers, Cement Plants, Foundries, Food Processors & Distribution, Vacant Structures, Metal working & machine shops, Other medium to high hazard manufacturing occupancies
Property AOP and Water Damage Deductible Program
• TIV: Maximum $1B
• Maximum Limit:
• $250,000 per occurrence and $1m annual aggregate limit
• Up to 6 times aggregate of the per occurrences limit
• Minimum Deductible: $10,000 per occurrence
• Maximum Policy: 18 months
• Excluded Perils: Flood, Backup of sewer and drains, Earthquake, Named windstorm, Equipment breakdown
Target Classes: Habitational, Offices, Hotels / Motels, Shopping Centers, Convenience Stores, General Commercial, Manufacturing & Warehousing (MPW)
Construction AOP and Water Damage Deductible Program
• TIV: $400M Hard Costs only
• Maximum Limit:
• $250,000 per occurrence
• $1M term aggregate limit and 4 times aggregate of the per occurrence limit
• Minimum Deductible: $10,000 per occurrence
• Maximum Policy: 36 months
• Excluded Perils: Soft Costs / DSU / Rental Income, Flood, Earthquake, All Windstorm & Hail, Equipment Breakdown
Target Classes: Frame construction, Non-combustible construction, Renovation projects, Mid term projects
Commercial Excess Real Estate
• TIV: Up to $1B
• Policy Type: All risks including or excluding flood & earthquake
• Primary Limits: Not available
• Excess Limits: $5M (not to exceed 50% layer participation)
• Wind Coverage: Coastal & inland wind coverage available
Ineligible Perils:
• No earthquake coverage in CA, AK, HI, PNW and New Madrid and no standalone earthquake
• No flood in FEMA Special Flood Hazard Areas
Target Classes: Apartments, Offices, Shopping Centers, Restaurants, Schools, Condominiums, Nursing Homes, General Commercial, Municipalities
Commercial / Industrial Agricultural Property
• Maximum Limit: $10M (Primary or Shared Primary)
Coverage Features:
• All Risk Coverage
• Broad Perils Coverage
• Physical Damage Cover Available for Animal Inventory
• Stock Throughput
• Mobile Equipment Coverage
• Real and Personal Property and Time Element Coverage
Target Classes: Post-Harvest Sector. Includes, but not limited to: Cotton Warehousing and Gins, Dairies, Egg Producers, Fruit Packers, Grain Packers, Grower / Packer / Shipper, Meat Processing, Nut Grower / Shippers, Wine Producers
Earthquake or Flood Deductible Buybacks
• Maximum Limit: $1M
• EQDBB Minimum Deductible: 1% of TIV or $25,000 per occurrence
• FDBB Minimum Deductible: $5,000
Target Classes: All Construction Types, Commercial, Habitational, Builder’s Risk
Wind Deductible Buybacks – Coastal & Inland
• TIV: Up to $150M
• Maximum Limit: $5.5M (layered basis)
• Minimum Deductible: $5,000
• Countrywide availability
Target Classes: Wind & Hail, Commercial Habitational, Builder’s Risk
XS Flood
• TIV: Up to $80M
• Maximum Limit: Up to $25M
• Submissions: FloodSubs@wkfc.com
Target Classes: Excess of NFIP or Primary Carrier for Commercial Properties and Residential Dwellings
Primary Flood
• TIV: Up to $25M
• Maximum Limit: Up to $5M
• Excluded Perils: Flood Zone V, Negative Elevation, Builder’s Risk
• Submissions: FloodSubs@wkfc.com
Target Classes: Apartments, Condos, Shopping Centers, Assisted Living, Personal Lines – Homeowners
