Stamford, CT – The Navigators Group, Inc. (NASDAQ:NAVG) and Protective Insurance (NASDAQ:BWINA) (NASDAQ:BWINB) recently announced they have entered into an underwriting partnership to offer workers’ compensation to Navigators’ insureds. The partnership supports Navigators’ continued strategic expansion of multiline insurance policies that bundle together various coverages for a broad range of liability exposures.
Workers’ compensation will now be available as a coverage option in Navigators’ portfolio of industry-specific multiline products, which provides tailored protection for the specific, nuanced risks faced by the industries in which Navigators has deep expertise. Navigators’ multiline policies are currently available for the media, arts and entertainment, life sciences, allied health care, technology and manufacturing industries.
“Leveraging Protective’s longstanding expertise, we were able to respond to our clients’ needs and their requests that we offer workers’ compensation insurance as part of our suite of multiline policies. Protective is a partner that brings high-quality solutions in this area of the market,” said Vincent C. Tizzio, President, U.S. Insurance. “The addition of workers’ compensation insurance further enhances the customized solutions we deliver via our multiline products, which remove the complexity of placing and structuring multiple lines of insurance with various carriers.”
“Both Protective and Navigators are leaders in our respective markets, strategically developing and honing extensive knowledge and capabilities within our core areas of expertise,” said Randy Birchfield, President and Chief Executive Officer at Protective Insurance. “I am confident that our workers’ compensation know-how will add value for Navigators’ insureds by meeting their key coverage needs.”