Crum & Forster Specialty Insurance Company (Delaware) is a surplus lines insurer based in Delaware.
This company focuses on serving businesses and individuals requiring specialized insurance coverage for intricate or high-risk situations.
Crum & Forster Specialty Insurance Company (Delaware)
Crum & Forster Specialty Insurance Company (Delaware) operates as a surplus lines insurer based in Delaware. It’s a subsidiary of Crum & Forster Holdings Corp.
While it’s licensed as a Delaware Domestic Surplus Lines Insurer, it’s also eligible to provide surplus lines insurance across all 50 states, the District of Columbia, Guam, and Puerto Rico.
The company offers a wide array of specialty insurance products.
Services and Products
Crum & Forster Specialty Insurance Company (Delaware) offers a broad selection of specialty insurance products and services. These include:
Executive Risk Insurance
- Directors & Officers Liability (D&O)
- Employment Practices Liability (EPL)
- Fiduciary Liability
- Kidnap, Ransom & Extortion (K&R)
- Crisis Management
- Cyber Insurance
- Professional Liability
- Private Client Insurance
- Contract Bonds
- Bid Bonds
- Performance Bonds
- Commercial Surety Bonds
- Court Bonds
- Fidelity Bonds
- Commercial Property Insurance
- Residential Property Insurance
- Inland Marine Insurance
- Construction Insurance
- Energy Insurance
- Environmental Insurance
- Event Cancellation Insurance
- Crisis Communication
- Reputational Risk Insurance
- Business Interruption Insurance
- Supply Chain Insurance
Credit and Alternative Risk Solutions
- Trade Credit Insurance
- Political Risk Insurance
- Surety Credit
- Warranty Insurance
- Parametric Insurance
Financial Details of Crum & Forster Specialty Insurance Company (Delaware)
The company doesn’t publicly disclose its financial details. However, insights can be drawn from the financial statements of its parent company, Crum & Forster Holdings Corp.
As per Crum & Forster Holdings Corp.’s 2022 annual report, the company boasted total assets amounting to $14.3 billion and net income of $630 million.
The insurance subsidiaries, which encompass Crum & Forster Specialty Insurance Company (Delaware), made up roughly $10 billion of the company’s total assets.
Claims Process, Cancellations and Renewals
To submit a claim to Crum & Forster Specialty Insurance, call 1-800-821-8784 or fill out an online claim form on their website.
A dedicated team of claims adjusters will promptly and fairly investigate your claim.
The company is known for its quick and fair claims processing, boasting a 99% customer satisfaction rating.
Cancellations with Crum & Forster Specialty Insurance Company (Delaware)
Crum & Forster can cancel your policy for reasons such as non-payment, fraud, or material misrepresentation on your application.
They’ll provide written notice at least 30 days before the cancellation date. If your policy is canceled, you may be eligible for a refund of unearned premiums.
Renewals with Crum & Forster
Your policy with Crum & Forster Specialty Insurance will renew automatically unless you inform the company otherwise.
You’ll receive a renewal notice at least 30 days before your policy’s expiration, including the new premium rate for the next term.
If you wish to renew, simply pay the new premium and return the renewal notice to the company.
Reviews and Customer Feedback
Crum & Forster enjoys a strong reputation with its customers, reflected in its high customer satisfaction ratings.
The company is recognized for its underwriting expertise, dedication to excellent customer service, and swift and equitable claims processing.
Benefits of choosing Crum & Forster Specialty Insurance Company (Delaware)
- Underwriting Expertise: With a long history of underwriting specialized insurance products and services, Crum & Forster possesses a deep understanding of associated risks. This expertise enables them to offer tailored coverage to meet unique needs.
- Customized Solutions: Crum & Forster works closely with each customer to comprehend their individual needs and risks. They then craft policies that precisely match those needs.
- Competitive Rates: Crum & Forster maintains competitive rates on its specialized insurance products and services. Their commitment to affordability ensures customers can secure necessary coverage without straining their budget.
- Excellent Customer Service: The company is dedicated to delivering excellent customer service. A dedicated team of customer service representatives stands ready to answer questions and assist customers with their claims.
- Prompt and Fair Claims Handling: Crum & Forster has a solid reputation for promptly and fairly handling claims. Their experienced team of claims adjusters specializes in managing complex and high-risk claims, ensuring fair treatment and efficient resolution.
- Type of Company: Delaware-domiciled surplus lines insurer.
- Parent Company: Crum & Forster Holdings Corp.
- Products and Services: Offers executive risk insurance, surety bonds, property insurance, crisis management, and credit and alternative risk solutions.
- Target Market: Serves businesses and individuals with complex or high-risk insurance needs.
- Benefits: Known for underwriting expertise, providing customized solutions, offering competitive rates, delivering excellent customer service, and ensuring prompt and fair claims handling.
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