Starr Companies Announces New Umbrella Product to Small Business Offering

Starr Companies announces a new Commercial Insurance Umbrella Liability policy, designed specifically for small-sized businesses.

This product marks the next phase in Starr’s growing suite of insurance solutions for small businesses. The Commercial Insurance Umbrella policy complements the Company’s Business Owners Policy (BOP) and provides policy limits up to $5 million, in $1 million increments.

“At Starr, we are focused on developing insurance solutions that meet the needs of small businesses. Many of our existing clients and prospects require higher limits of coverage to address their growing businesses. This new product furthers Starr’s commitment to this segment,” states Jim Vendetti, Executive Vice President & Chief Underwriting Officer, Starr Indemnity & Liability Company.

This is the first of many coverage extensions to the BOP policy that will be introduced in the coming months. Starr defines small-sized enterprises as those organizations with up to $15 million in annual sales and up to fifty employees.

Starr’s small business offerings are underwritten by Starr Indemnity & Liability Company, an A.M. Best “A” (Excellent) rated company.

Starr Companies (or Starr) is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C.V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on five continents; through its operating insurance companies, Starr provides property, casualty, and accident & health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, Hong Kong and Singapore each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong). Starr’s insurance company subsidiary domiciled in China has an A.M. Best rating of “A-” (Excellent).

For more information visit us at www.starrcompanies.com