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We are proud of the service, products and stability we offer our agents and brokers. Through hurricanes, wind and hail or earthquakes, you can build the right policy for your client, every time.
ICAT currently provides three commercial property coverage options—Wind coverage on an NPNA form, Earthquake coverage on a DICNA form and All Other Perils coverage on an SCOL form.
Wind, GL and All Other Perils coverage are provided in Tier 1 and 2 counties in Florida, the Eastern Seaboard, Gulf and Hawaii. Earthquake coverage is provided in California, the Pacific Northwest, New Madrid, Hawaii and Intermountain regions.
ICAT’s target commercial occupancies are main street and habitational businesses. Target occupancies include:
- Condominiums
- Apartments
- Office
- Retail
- Service
- Restaurant
Commercial Wind/Hail
ICAT offers Wind/Hail Only coverage to commercial property owners in the Gulf, Florida and the Eastern Seaboard on behalf of a diverse line up of strong carrier partners and Lloyd’s of London Syndicates. Coverage is written on a non-admitted basis using a Named Peril policy form. Full-limit quotes for accounts with smaller total insured values can be obtained instantly through ICAT Online; quotes for full limits, primary, buffer and excess layers on larger accounts are available through an ICAT middle market account underwriter.
Eligible states generally include the Tier 1 and 2 counties proximate to the coast in Texas, Louisiana, Mississippi, Alabama, all of Florida, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, New Jersey, New York, Connecticut, Rhode Island, Massachusetts, New Hampshire and Maine.
Wind/Hail coverage is provided on Buildings, Business Personal Property, Tenant Improvements or Betterments, Business Income/Rental Value and/or Additional Property Coverage (signs, pools, fences, etc.). Optional coverage includes: Ordinance or Law, Mold Clean-Up and Removal and TRIA.
Target Accounts for the Commercial Wind/Hail program are commercial habitational (condominiums and apartments), offices and retail and hotels/motels, with many other occupancies eligible. Accounts are typically less than $50,000,000 in total insured value.
ICAT’s website offers full-limits quotes for accounts with smaller TIVs; our Middle Market Business Unit offers full limits or primary, buffer or excess layers. Specific guidelines and per-risk capacity vary by territory and are based upon account risk characteristics.
Commercial Earthquake Coverage
Earthquake coverage is offered to commercial property owners in the Western United States and in the New Madrid states on behalf of a diverse line up of strong carrier partners and Lloyd’s of London Syndicates. Coverage is written on a non-admitted basis using a Difference in Conditions policy form. Full-limit quotes for accounts with smaller total insured values can be obtained instantly through ICAT Online; quotes for full limits, primary, buffer and excess layers for larger accounts are available through an ICAT middle market account underwriter.
Earthquake coverage is provided on Buildings, Business Personal Property, Tenant Improvements or Betterments, Business Income/Rental Value and/or Additional Property Coverage (signs, pools, fences, etc.). Optional coverage includes Flood (outside SFHA A and V), Earthquake Sprinkler Leakage, Ordinance or Law and Mold Clean-Up and Removal.
Target Accounts are commercial habitational (condominiums and apartments), offices and retail and hotels/motels, with many other occupancies eligible. Accounts are typically less than $50,000,000 in total insured value.
ICAT’s website offers full-limit quotes for accounts with smaller TIVs; our Middle Market Business Unit can offer full limits or primary, buffer or excess layers. Specific guidelines and per-risk capacity vary by territory and are based upon account risk characteristics.
Commercial All Other Perils Coverage
in Hurricane Regions
All Other Perils coverage is offered to commercial property owners and tenants in the Gulf, Florida, Eastern Seaboard, and Hawaii on behalf of a diverse line up of strong carrier partners and Lloyd’s of London Syndicates. Coverage is written on a non-admitted basis using a Special Causes of Loss form and includes Wind/Hail coverage. Full-limit quotes for accounts with smaller total insured values can be obtained instantly through ICAT Online; quotes for full limits, primary, buffer, and excess layers on larger accounts are available through an ICAT middle market account underwriter. Commercial General Liability package policies are available for habitational risks with TIVs less than $5,000,000 in all Wind states. CGL policies are written on a Commercial Package Policy form set.
The Commercial Multi-Peril product in the Gulf states (Texas, Louisiana, Mississippi, Alabama), Florida and in the Eastern Seaboard (Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, New Jersey, New York, Connecticut, Rhode Island, Massachusetts, New Hampshire and Maine) is underwritten using a Special Causes of Loss form. All Other Perils coverage is provided on Buildings, Business Personal Property, Tenant Improvements or Betterments, Business Income/Rental Value and/or Additional Property Coverage (signs, pools, fences, etc.).
Target Accounts for the Commercial All Other Perils program are commercial habitational (condominiums and apartments), offices, retail and hotels/motels, with many other occupancies eligible. Accounts are typically less than $50,000,000 in total insured value.
ICAT’s website offers full limits quotes for accounts with smaller TIVs; our Middle Market Business Unit offers full limits or primary, buffer or excess layers. Specific guidelines and per-risk capacity vary by territory and are based upon account risk characteristics.
Commercial Hurricane Coverage in Hawaii
ICAT offers Named Hurricane coverage to commercial property owners in the State of Hawaii on behalf of a diverse line up of strong carrier partners and Lloyd’s of London Syndicates. Coverage is written on a non-admitted basis using a Named Peril form. Quotes for full limits, primary, buffer and excess layers for larger accounts are available through an ICAT underwriter.
Named Hurricane coverage is provided on Building, Business Personal Property, Tenant Improvements or Betterments, Business Income/Rental Value and/or Additional Property Coverage (signs, pools, fences, etc.). Optional coverage includes: Ordinance or Law, Mold Clean-Up and Removal and TRIA.
The Target Accounts for the Commercial Hurricane program are commercial habitational (condominiums and apartments), offices, retail and hotels/motels; with many other occupancies eligible. Accounts are typically less than $50,000,000 in total insured value.
Specific guidelines and per-risk capacity vary by territory and are based upon account risk characteristics.
Residential Multi-Peril Coverage in the Gulf & Eastern Seaboard
ICAT offers Non-Admitted Homeowners policies on behalf of Victor Insurance Exchange. Our comprehensive product offers full Homeowners coverage for coastal Tier 1 and Tier 2 homes in the Gulf and Eastern Seaboard. This flexible solution provides many of the same features clients are accustomed to in the Admitted Market, while sophisticated underwriting & risk management allow us to offer consistent, stable capacity. Coverage A is offered for values between $150,000 and $2,000,000 with Total Insured Values up to $3,500,000. Home occupancies can be primary, secondary/seasonal, full-time tenant or short-term rentals. Enhanced coverage is available for options such as Water Back-Up, Extended Replacement Cost, Increased Ordinance & Law and Increased Limits for Coverage C.
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