Western World Insurance Group
| Company type | Private |
|---|---|
| Industry | Insurance |
| Founded | 1964 |
| Headquarters | Parsippany, New Jersey , United States |
| Products | General liability, commercial property, commercial automobile, professional liability insurance |
| Website | www |
Western World Insurance Group, established in 1964 and headquartered in Parsippany, New Jersey, focuses on providing insurance solutions in general liability, commercial property, commercial automobile, and professional liability sectors. Its commercial insurance offerings are distributed through a broad network of wholesale agents and brokers nationwide, primarily serving the Excess & Surplus (E & S) specialty lines marketplace.
Coverage
The general liability products offered by Western World include coverage for owners/contractors protective, products/completed operations, liquor liability, and employee benefit liability exposures. Their commercial property insurance covers buildings, personal property, business income and extra expense, crime, inland marine, equipment breakdown, as well as bailees’ coverage. Commercial auto insurance policies address liabilities related to autos and truckers, physical damage, cargo protection, and in-tow scenarios. Professional liability solutions cater to professions such as architects, engineers, directors and officers, public officials, non-profit organizations, educational entities, IT specialists, among others.
Western World serves a wide array of industries including amusement devices, apartment complexes, athletic event organizers, camps, clubs, condominium and homeowners associations, crane operators, equine-related risks, equipment rental businesses, hospitality and hotel sectors, janitorial services providers, manufacturers, outfitters and guides, pest control firms, educational institutions, shopping centers, steel erection and fabrication companies, supermarkets, tanning salons, vacant real estate properties, community organizations, commercial office buildings, contractors’ equipment users, day care centers, professional offices, houses of worship, light industrial parks, retail outlets, social service agencies, restaurants and bars. Additionally covered are trucking operations such as limousine services and fast food delivery vehicles. Artisan contractors and specialized trades including fire suppression systems and scaffolding are also within their coverage scope.
Technology
Significant investments have been made by Western World in technology development. Their Integrated Platform aims to enhance distributor efficiency by minimizing repetitive data entry. Introduced in 2008 and developed using the .NET Framework, this platform assists agents with underwriting processes as well as rating, quoting, and binding policies. In July 2010, the platform was extended to mobile devices to provide agents with improved access while working remotely.
Affiliations
Western World maintains connections with prominent industry associations including A.M. Best Company, The National Association of Professional Surplus Lines Offices Ltd., Property Casualty Insurers Association of America, The Professional Liability Underwriting Society, The American Association of Managing General Agents, and The Target Markets Program Administrators Association.