Annual Meetings-Leased/ Rented Contractors Equipment - Michelle Blank, Sr. VP, Marine Executive Field Underwriter, Chubb

Leased/ Rented Contractors Equipment - Michelle Blank, Sr. VP, Marine Executive Field Underwriter, Chubb

Pdf Summary

The document discusses insurance opportunities and challenges for equipment dealers, focusing on topics such as market opportunity, rental revenue growth, top equipment dealers, underwriting challenges, coverage forms, and loss scenarios. It highlights the market potential for marine underwriters, the types of equipment dealers, and various exposures faced by dealers. Additionally, it analyzes the profitability of the insurance industry related to equipment dealers and emphasizes the importance of understanding equipment condition and exposure variations. The document outlines underwriting challenges like short-term exposure and hazardous work, along with coverage form options and common coverage enhancements. Loss scenarios are presented to illustrate potential claim situations. It provides resources for further information and clarifies that the opinions expressed are of the presenter’s own. The document emphasizes consulting legal counsel for expert advice and highlights the hypothetical nature of the claims scenarios discussed.

Asset Caption

Presented by : Michelle Blank, Sr. VP, Marine Executive Field Underwriter, Chubb

Keywords

insurance opportunities

equipment dealers

market opportunity

rental revenue growth

underwriting challenges

coverage forms

loss scenarios

marine underwriters

exposures faced by dealers

profitability of the insurance industry