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Summary
Catastrophe deductibles are increasing rapidly across all US States, both for standard and excess & surplus markets. In the northeast, many carriers are reverting to percentage deductibles. Besso has 100% facilities at Lloyd’s to offset these shortfalls (AM Best A rated and S&P A+.) We provide follow-form cover that is concurrent with your master policy, with seamless terms and conditions.
Scope
Coverage will usually follow the overlying policy, resulting in concurrent terms across the programme
All states and perils considered, particular appetite for earthquake and named windstorm minimum premium $5k
2.5% commission to you
Buydown is not subject to any aggregated limitation of liability
Buydown to 0.25% of TIV or $25K
Manuscript wording follows your policy form
Can be used to buydown aggregate deductibles to per location deductibles
The buydown is not subject to any aggregated limitation of liability
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