Back Fabrication, oil, gas, general liability, machine shop

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Market Requests

K
ktroy Jan 27, 2020 1:43 PM

I am searching for a property, umbrella and GL market to compete with Sentry Insurance (admitted) for a risk in Texas. Approximate premium is $30K-$40K for GL plus I am trying to place their commercial auto as well and other LOB's as well. Sentry is admitted paper and other admitted markets won't accept this risk because it 'touches' the oil and gas industry by repairing oilfield equipment (though no downhole or drilling/pumping exposure). They switched to Sentry a couple of years ago from another carrier (unknown) and it saved them about $30K. The insured is an established fabricator of metal items, pressure vessels and similar oilfield equipment in the Midland/Odessa area. They do not go into the field to do work, but instead have a large metal-building facility where customers bring in tanks and vessels for repair, welding, fabrication and similar before going back into service in the field. They are a good-size metal fabrication shop with a formal safety program, no losses (have LR's), prior coverage for all LOB's, approximately $4M in revenue, 20 employees,

mmccluskey Jan 28, 2020 9:49 AM
If you want to give Ben Hoover of my office a call.  We are wholesalers and risks like this are things we see all the time.   Alternatively, you can email me and I can connect you two.  Ben: bhoover@brooks-ins.com 843-540-3209 Me: mmccluskey@brooks-ins.com   Look forwar to helping win this for you. 
tramsey91 Jan 30, 2020 11:28 AM
You shouldn't have a problem finding an admitted market for all the lines unless they work on or repair BOP's (blowout preventers), pressure valves, downhole pumps, etc. Oil & Gas is my area of expertise and the main industry that I work with, I also grew up in Midland so very familiar with these type of risk and the carriers. Feel free to shoot me an email and maybe I can help point you in the right direction. tuckerr@ccinsurance.com

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