We consider brokers to be important partners in the movement to provide quality insurance coverage and risk management guidance to the world of Sports and Entertainment. As such, our programs are written through independent brokers. One of our primary objectives is to make your job easier, while becoming better equipped to effectively market, write, and service your target accounts. Providers within the Sports and Entertainment industry are unique in and of themselves. By partnering with you, we can increase our ability to understand the risks they face and provide the specific services they need.
The following items are needed to begin doing business with American Specialty.
CONTRACTING, LICENSING, AND APPOINTMENT(S) FOR PROSPECTIVE PRODUCERS
This agreement is a valuable piece of our overall process and carries with it specific obligations and benefits for both you and American Specialty. This agreement formalizes the relationship between our respective organizations. Please review the agreement in its entirety, then complete, execute, and return the signed original to American Specialty. The Broker Agreement will be countersigned by an American Specialty officer and returned to the broker, and a copy of the agreement will remain on file with our companies. Click here to download Broker Agreement.
As you are aware, each state’s regulatory department requires licensing for any broker soliciting coverage within that state. Failure to maintain proper licensing status can result in penalties not only to the broker, but also to the insurer. Therefore, in addition to the completed Broker Agreement, we require that you provide the following:
1. A copy of your resident license and, if applicable, non-resident licenses for each state in which you have an
account insured with our program.
2. A copy of your agency’s corporate license issued by your state's Department of Insurance.
American Specialty requires that all brokers provide evidence of coverage for errors and omissions liability coverage in an amount not less than $1,000,000 for any one event or occurrence, and shall also provide American Specialty evidence of such policy as issued by a carrier rated "A" VII or better by A.M. Best. Please provide American Specialty with a Certificate of Insurance or other evidence of your E&O coverage.
Please provide American Specialty with a Form W-9 for your agency. Click here to download Form W-9.
Please return the above items to the attention of:
DAN WEIR, CFO & COO
American Specialty Insurance & Risk Services, Inc.
7609 W Jefferson Blvd Ste 100
Fort Wayne, Indiana 46804-4133
Phone: (260) 969-5203
Fax: (260) 969-4729