Are you looking for an insurance company that can handle your complex and challenging risks?
Do you need flexible and customized solutions for your property, casualty, or specialty insurance needs?
If so, you might want to consider Knight Specialty Insurance Company, a leading provider of excess and surplus lines insurance products.
By the end of this article, you will have a better understanding of why Knight Specialty Insurance Company might be the right choice for you.
What is specialty insurance?
Before we dive into the details of Knight Specialty Insurance Company, let us first explain what specialty insurance is.
Specialty insurance is a type of insurance that covers risks that are not typically covered by standard insurance policies.
These risks are usually considered to be high-risk, complex, unique, or hard-to-place by the traditional insurance market.
Who owns Knight Specialty Insurance Company?
Knight Specialty Insurance Company is a subsidiary of Knight Insurance Group, which is a privately held insurance holding company headquartered in Los Angeles, California.
Knight Insurance Group was founded in 2006 by Don Hankey, who is the chairman and majority owner of the company.
Don Hankey is also the founder and chairman of Hankey Group, which is a diversified group of companies that operates in various industries, such as automotive, finance, real estate, technology, and entertainment.
Knight Insurance Group consists of three operating entities: Knight Specialty Insurance Company, KnightBrook Insurance Company, and Knight Insurance Company Ltd.
Knight Specialty Insurance Company is the newest entity, which was established in 2018 as a Delaware domestic surplus lines insurer.
The Company is a specialty property and casualty insurance company that operates in all 50 states and the District of Columbia.
Knight Insurance Company Ltd. is a Bermuda-based reinsurer that provides reinsurance solutions to Knight Specialty Insurance Company and KnightBrook Insurance Company.
What is Knight Specialty Insurance Company address?
- Phone Number: (877) 232-1913
- Address: 2035 Maywill St Ste 100, Richmond, VA, 23230
- Customer Service contact: You can contact the customer service by phone, fax, or email. The phone number is (877) 232-1913, the fax number is (818) 638-8525, and the email address is email@example.com
- professional lines, and transportation
- Email address: firstname.lastname@example.org
- Fax number: (818) 638-8525
- Operating hours: Monday to Friday, 08:00 – 17:30
Knight Specialty Insurance Company products
- Casualty: This product line covers general liability, excess liability, and umbrella liability for various classes of business, such as construction, hospitality, manufacturing, retail, and wholesale.
- Specialty Casualty: This product line covers professional liability, management liability, cyber liability, and environmental liability for various classes of business, such as architects and engineers, lawyers, accountants, consultants, and contractors.
- Property: This product line covers property, inland marine, and equipment breakdown for various classes of business, such as real estate, hospitality, manufacturing, and energy.
- Professional Lines: This product line covers errors and omissions, directors and officers, employment practices, fiduciary, and crime for various classes of business, such as financial institutions, healthcare, technology, and nonprofit.
- Transportation: This product line covers auto liability, physical damage, cargo, and garage for various classes of business, such as trucking, towing, public auto, and dealers.
Knight Specialty Insurance Company affiliates
- Knight Management Insurance Services, LLC: This is a licensed insurance agency that acts as the program administrator and managing general agent for Knight Specialty Insurance Company and KnightBrook Insurance Company. It provides underwriting, policy issuance, claims administration, and loss control services for the various product lines offered by the two companies.
- Knight Re: This is a division of Knight Insurance Company Ltd. that provides reinsurance solutions to Knight Specialty Insurance Company and KnightBrook Insurance Company. It also offers facultative and treaty reinsurance for other insurance companies in the specialty insurance market.
- Knight Global: This is a division of Knight Insurance Company Ltd. that provides insurance solutions to international clients in various regions, such as Latin America, Europe, Asia, and Africa. It offers products in casualty, property, professional lines, and transportation.
What is Knight Specialty Insurance Company benefits?
- Flexibility: Knight Specialty Insurance Company has the ability to offer flexible and customized solutions for its customers, based on their unique needs and preferences. It can provide coverage for hard-to-place risks, high-risk operations, poor loss histories, or new ventures. It can also offer higher limits, broader coverage, lower deductibles, or more favorable terms than standard insurance policies.
- Expertise: Knight Specialty Insurance Company has a team of experienced and knowledgeable underwriters, claims adjusters, and loss control specialists who have the expertise and skills to handle complex and challenging risks. They can provide sound advice, guidance, and support to their customers throughout the insurance process. They can also leverage the resources and capabilities of Knight Insurance Group and its affiliates to provide comprehensive and competitive solutions.
- Service: Knight Specialty Insurance Company is committed to providing excellent service to its customers, agents, and brokers. It strives to deliver fast and efficient underwriting, policy issuance, claims administration, and loss control services. It also maintains strong relationships and communication with its customers, agents, and brokers, and responds to their inquiries and requests promptly and professionally.
Knight Specialty Insurance Company claims
It has a dedicated claims department that handles the claims of its customers.
The claims department consists of qualified and experienced claims adjusters who are trained to handle complex and specialty claims.
The claims department also works closely with the underwriting and loss control departments to ensure a seamless and coordinated service.
- Phone: (877) 232-1913
- Fax: (818) 638-8525
- Email: email@example.com
- Mail: Knight Specialty Insurance Company, Claims Department, P.O. Box 2927, Shawnee Mission, KS 66201-1327
Customers should provide the following information when filing a claim:
- Policy number
- Date and time of loss
- Location of loss
- Description of loss
- Contact information of the insured and the claimant
- Any other relevant information or documents
Customers should also report the claim as soon as possible after the loss occurs, and cooperate with the claims adjuster throughout the claims process.
What is the financial rating of Knight Specialty Insurance Company?
Knight Specialty Insurance Company has a financial rating of A- (Excellent) from A.M. Best, which is a leading rating agency that evaluates the financial strength and performance of insurance companies.
This rating indicates that Knight Specialty Insurance Company has a strong ability to meet its ongoing financial obligations and policyholder commitments.
The rating also reflects the support and stability of Knight Insurance Group and its affiliates, as well as the expertise and experience of the management team.
How can I get a quote from Knight Specialty Insurance Company?
To get a quote from Knight Specialty Insurance Company, you can contact one of their authorized agents or brokers.
You can find a list of their agents and brokers on their website.
You can also submit a quote request form online, and a representative will contact you shortly.
What are the disadvantages of surplus lines insurance?
Surplus lines insurance has no state guaranty fund protection.
This means that if a surplus lines insurance company fails, the insured may not be able to recover their losses.
Surplus lines insurance has higher taxes, fees, and paperwork.
Surplus lines insurance may also have more exclusions, limitations, or conditions than standard insurance policies.
What is the difference between commercial and Speciality insurance?
Commercial insurance covers standard business risks, while specialty insurance covers uncommon and complex risks.
Commercial insurance is state-regulated, while specialty insurance is not.
This means that specialty insurance may have more flexibility and customization, but also less protection and regulation, than commercial insurance.
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