ProSight Specialty Insurance® and Allied Insurance Brokers Launch Innovative New Scaffold Insurance Program for the Construction Industry

Unique Product Offers All-Lines Approach for Addressing Scaffold Risk Concerns

MORRISTOWN, N.J.--(BUSINESS WIRE)-- ProSight Specialty Insurance is now partnered with Allied Insurance Brokers, the leading broker of scaffold risk insurance in the country. Together, they offer the scaffold industry coverage with a simple all-lines approach.

According to The Occupational Safety and Health Administration (OSHA) it is estimated that 65 percent of construction workers spend some time working on scaffolds, with the number one hazard being worker falls. Designed for scaffold rental companies, ProSight and Allied’s innovative insurance solution specifically addresses the complexities of scaffold risk. This unique solution demonstrates their commitment to collaborate with the industry to deliver progressive and forward-thinking insurance solutions to niche construction segments.

For scaffolding professionals—safety is paramount. While education is central to creating a culture of safety, businesses must further minimize risk with the appropriate insurance protection. This new insurance product from ProSight and Allied is an ideal solution for businesses looking to fully safeguard themselves.

Allied Insurance Brokers are solutions driven. They truly understand the specifics of scaffold risk management. By partnering with Allied, ProSight is able to apply decades of knowledge and experience to its unique and innovative solutions, designed to offer a highly customized product under one product offering.

“ProSight is fully committed to the scaffold industry. That’s why we’re excited about our partnership with Allied. As partners, we’re able to deliver a customized product offering to a niche that we truly see as the backbone of the construction industry,” said Jake Morin, program executive for several of ProSight’s Construction programs.

With its one-stop all-lines approach, ProSight and Allied’s Scaffold Program eliminates the need for multiple insurance carriers and provides a better customer experience. The product offering includes:

• General Liability
• Workers’ Comp
• Inland Marine
• Property
• Excess
• Auto
• Crime

ProSight and Allied cater to the needs of the construction industry by going above and beyond the standard insurance product by offering value-added solutions such as education, risk management and compliance tools, as well as excellent claims management services.

“With more than 30 years of experience within the scaffold industry, we have seen it all and truly understand scaffold risk management,” said Marty O’Brien, Allied’s chairman and CEO. “That very experience, along with ProSight’s resources, allowed us to assemble a program that covers all facets of scaffolding risks. It’s truly the only one like it in the industry. Add to this risk management services, and scaffold companies will become safer, more profitable organizations. At Allied this is what we like to do—contribute to the industry by providing the best options available.”

ProSight Specialty Insurance and Allied Insurance Brokers are both committed to providing solutions that are reflective of actual industry needs and meet the current risk concerns of today’s construction industry professionals.

About ProSight Specialty Insurance

ProSight Specialty Insurance was founded by CEO Joseph Beneducci in 2009. The company focuses on niche markets where it has differentiated underwriting and claims expertise, and partners exclusively with specialist distributors who have a deep understanding of their customers. The underwriting members of the ProSight Specialty Insurance (ProSight) group of companies are rated “A” (Excellent) by A.M. Best. ProSight also operates Syndicate 1110 at Lloyd's of London, which is also rated ‘A’ (Excellent) by A.M. Best and ‘A+’ (Strong) by Standard & Poor’s. Based in Morristown, N.J., ProSight has regional offices in Los Angeles, New York and Santa Rosa, Calif. and owns and manages Syndicate 1110 at Lloyd’s of London. More information about ProSight Specialty Insurance and its member insurers can be found at www.prosightspecialty.com.

About Allied Insurance Brokers:

Allied is a Solutions Driven organization. Founded in 1982, Allied is a nationwide property & casualty insurance broker focused exclusively on serving the Scaffold, Crane, Rental Equipment and Party Goods, Concrete Pumping, Wood Products, and Non-profit & Health and Human Services industries. That focus creates a wealth of benefits for our clients as we deliver on our year-round commitment to reduce your total insurance cost and help you create a stronger, safer business overall. Our philosophy is that coverage is the start, not end, of our work as your business partner. It’s all part of our Solutions Driven focus. Visit www.alliedinsbrokers.com to learn more.

This material is for general informational purposes only, and does not take into account your personal circumstances or objectives. The description of any coverage herein is a summary only. Please refer to the actual policies for complete details of coverage and exclusions. Issuance of coverage is subject to eligibility and underwriting by ProSight Specialty Insurance.

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Havas Formula on behalf of ProSight Specialty Insurance

Meghan Brown, 619-234-0345

[email protected]

Source: ProSight Specialty Insurance