Chase ISR Binder Launch - Reduction in Minimum Premium
We are excited to announce the launch of our new ISR Binder, further enhancing Chase’s capacity to handle a broader range of Australian property risks.
While we continue to specialise in complex, high-hazard risks, we are now also equipped to cover medium hazard locations and smaller property programs with lower limits.
Additionally, our facility minimum premium has been reduced from $100,000 to $20,000, providing competitive pricing for your clients.
100% Capacity
Chase focuses on providing policies at 100% capacity, simplifying the placement process, saving time, and removing the risk of insured/agency panels offering differential terms.
Coverage
Our ISR policy offers an enhanced, concise Mark IV ISR form, offering built in flexibility including a wide range of coverage extensions.
Appetite
Our appetite is broad, ranging from small commercial and industrial properties to large unsprinklered EPS risks. Please see examples of recent placements below:
Manufacturer and distributor of eucalyptus based pharmaceutical products – Total Insured Value (TIV) $55,000,000
Placement of this risk was via a local composite insurer with an agency follow panel. We assisted our partner reducing the insured’s premium by 10% and provided 100% capacity.
Manufacturer and wholesaler of natural healthy products – TIV $23,000,000
We assisted our broker partner retaining this account whilst under attack from a large international by providing 100% capacity at a competitive rate.
Abattoir – TIV $17,500,000
The current placement was coinsured across multiple agencies at differential terms. We assisted the broker by consolidating the placement (100% capacity) offering uniform coverage and terms.
Manufacturer and wholesaler of natural healthy products – TIV $23,000,000
We assisted our broker partner retaining this account whilst under attack from a large international by providing 100% capacity at a competitive rate.
NDIS Housing – TIV $35,000,000
The broker required a solution for its client who builds and operates NDIS housing. We were able to offer an annual policy solution for both their occupied and unoccupied properties. This significantly reduced the administration of the account and provided the insured with peace of mind that their properties are covered from practical completion to occupation.
Target business segments
- Abattoirs
- Cold storage
- Expanded Polystyrene (EPS) construction
- General warehousing & storage
- High value hospitality risks
- Pharmaceutical industry
- Risks located above the 25th parallel
- Timber mills and woodworkers
- Unoccupied premises
Manufacturing and storage, including:
- chemicals
- fibreglass
- food and beverage manufacturing and distribution
- furniture manufacturers
- industrial
- plastics
- recycling industry
- paper processing
Contact us
Please access our webpage, download our brochure or contact any of our Complex Risks underwriting team to discuss how we can assist.