Insurance

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Alex Meade

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Jan 11, 2024, 11:28:32 AMJan 11
to Framebuilders
As I'm sure many of us know,  PMA (Penn. Mfg. Assoc. Insurance) is no longer insuring framebuilders and presumably bike shops (though I don't know for sure about bike shops).  If you have a frame builders liability policy through PMA, you won't be able to renew it this year.

My agent has dug around for me and found some insurers who will cover me, but the premiums range from 1/3 more than PMA to 3X PMA.

So my question for those that carry insurance:  how and through what company are you being covered now that PMA is out of the business?  

TIA

Alex


Buck Kempner

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Jan 11, 2024, 11:38:25 AMJan 11
to Framebuilders
Sorry forgot to reply all

Buck Kempner
Unified Bikes, LLC
45 Forge Road
Cambridge, Vermont 05444
Shop:   802-899-9188
Mobile: 802-318-0566



---------- Forwarded message ---------
From: Buck Kempner <bu...@unifiedbikes.com>
Date: Thu, Jan 11, 2024 at 11:37 AM
Subject: Re: [Frame] Insurance
To: Alex Meade <alexd...@gmail.com>


As a nobody I'm currently covered under these guys:


I was covered under these guys: 


I was going to switch to PMA last year but my broker learned they were going out of business as she was getting me quotes. 

This is my broker. They are in VT but they might be able to help. 



Hopefully this helps. 


Buck Kempner
Unified Bikes, LLC
45 Forge Road
Cambridge, Vermont 05444
Shop:   802-899-9188
Mobile: 802-318-0566



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David Johnson

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Jan 11, 2024, 11:40:22 AMJan 11
to Alex Meade, Framebuilders
Painfully, I know this all too well. For me, it doubled in price and the new policy is thorough - Mesa Underwriters Specialty Insurance Company ( MUSIC ), somehow I find irony in that acronym.

David @
Dogwood Cycleworx

On Thu, Jan 11, 2024 at 11:28 AM Alex Meade <alexd...@gmail.com> wrote:

david levy

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Jan 11, 2024, 11:51:59 AMJan 11
to David Johnson, Alex Meade, Framebuilders
I use Insurance World out of Eugene OR, try:

Ali Baker:  a...@iwagents.com

Dave
Ti Cycles Fabrication



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Dave Levy 
Ti Cycles Fabrication (Bicycle stuff) 
Cedar Ridge Fabrication (Car stuff) 
15707 NW McNamee Road 
Portland OR 97231 USA
503-621-9670http://ticycles.com
https://www.facebook.com/pages/Ti-Cycles-Fabrication/167667523288692

https://www.facebook.com/Cedar-Ridge-Fabrication-LLC-1709306112629624/

meriweth...@gmail.com

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Jan 11, 2024, 12:32:37 PMJan 11
to Framebuilders
I changed from ISU to Berkley and saved a lot:
This is from Amanda Gearheart, amanda.g...@marshmma.com

I have a company that I work with, Berkley Aspire who has a competitive program right now for bicycle framebuilders. Their minimum premium for this business is $1,500 plus tax and fees. They are the most competitive in pricing at this time. The General Liability limits offered are $1,000,000 each occurrence, $2,000,000 aggregate and includes product liability coverage

Hope that helps,
Whit

Jim Gourgoutis

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Jan 11, 2024, 3:11:17 PMJan 11
to Alex Meade, Framebuilders
There is a thread on the Custom Frame Forum with some good info on insurance providers. 

https://forum.customframeforum.com/t/insurance-for-things-you-make/638

Hope that helps!

-Jim G

On Jan 11, 2024, at 8:28 AM, Alex Meade <alexd...@gmail.com> wrote:

As I'm sure many of us know,  PMA (Penn. Mfg. Assoc. Insurance) is no longer insuring framebuilders and presumably bike shops (though I don't know for sure about bike shops).  If you have a frame builders liability policy through PMA, you won't be able to renew it this year.

Alex Meade

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Jan 12, 2024, 10:07:54 AMJan 12
to Framebuilders
Thank you to all who've responded.  My agent scoured the earth for underwriters and has recommended Nautilus Insurance Company, which several of you have mentioned as well.  For what I need they're probably the best-priced; it's just a bummer the cost has gone up as much as it has, relative to PMA.

Again, thank you - the information you've provided is super helpful.

Alex Meade

Richard Sachs

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Feb 2, 2024, 7:50:31 AMFeb 2
to Framebuilders

Late to this.

We moved everything over to:

e-RICHIE 
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