|KAIGLER & COMPANY
For the past 12 years I have been solving insurance problems for boat builders ranging in size from large conglomerates to small startups.
On a $400,000,000 builder who was unable to get renewal terms from London through his current broker I went to London, found a new group of underwriters, and wrote the account at substantial savings.
A gentleman from the west coast had one prototype boat built and towed it from dealer to dealer writing orders. No other brokers would talk to him because he was "too small." The first year's premium was $2,000....the happy ending is that he now does over $6,000,000 annual sales.
The NMMA has seated me on their risk management council for years.
Recently I found a dramatic new concept that combines workers compensation, hospitalization, vision, dental, 401(k) and other employee benefits into one monthly payment. This reduces costs and makes a full range of employee benefits available to all firms. We deliver this plan to the total marine industry: Boat builders, Equipment Manufacturers, Distributors, and Dealers.
Products liability and fire insurance are still a big part of my activity. Our facilities for these coverages are exclusive to us. Our liability insurance plan has just added a feature that builders have been asking for: an endorsement written into the policy that guarantees who the attorney will be for a claim. We use only two firms.. THE BEST, THE PROVEN, the guys that you would want to have if it were truly your money on the table.
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