McGowan Excess & Casualty: Binding Authority

General Liability & Package Product Details

McGowan Excess & Casualty (MEC) has an In-House, Multi Class, General Liability and Package Binding Program. MEC underwrites General Liability and Property (when packaged with GL) on behalf of an A.M. Best “A” Rated Carrier on a Non-Admitted basis. The product is designed for small to medium accounts and is currently available in most states.

ELIGIBLE CLASSES

Vacant Land
Vacant Buildings
Restaurants
Sandwich Shops
Warehousing
Apartment Buildings (Including multi-use)
Bars/Taverns
Concrete Mix in Transit
Contractors – GC’s and Trade
Roofing Residential and Commercial
Sand or Gravel Digging
Auto Repair Shops
New Ventures

TERRITORY

Most States – Currently not available in AK, DE or HI

CARRIER

A.M. Best “A” / XV (Non-Admitted)

REQUIRED UNDERLYING RATING

A- / VII or Better

SUBMISSION REQUIREMENTS

Standard ACORD applications and three (3) years of currently valued, carrier loss runs

PRODUCTS/LIMITS

General Liability and Property (Only When Packaged with GL)
GL: $1MM Occurrence/$2MM Aggregate
Property: Up to $5MM TIV (Any 1 Location)

MINIMUM POLICY PREMIUM

General Liability: $3,500 – $50,000 (Plus Fees & Taxes)

PROPERTY

Up to $5MM (TIV- Any 1 Location)