Munich Re Specialty Insurance
E&S Property Coverage Header
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E&S Property coverage

Coverage for today's complex risks

As part of our Excess & Surplus offering, Munich Re Specialty Insurance delivers commercial property coverage for unique, hard-to-place risks in North America. Our broad risk appetite and underwriting expertise allows us to offer a broad array of insurance solutions for everyday commercial risks as well as disaster-related impacts. We also have the capability to respond quickly, creatively, and flexibly to market cycles.

Coverage details

  • Specifically tailored for individual risks
  • Forms: ISO-based and manuscript
  • $25MM capacity per risk
  • $10K minimum AOP deductible
  • $25K minimum flood/earthquake deductible in each occurrence
  • $25K minimum premium
  • $500MM maximum total account insured value
  • Coverage enhancement and broadening forms available
  • Equipment Breakdown coverage — TechAdvantageTM
  • Monoline flood/earthquake and DIC coverage
  • Coverage available for town protection classes 7-10
  • Shared and layered capacity
  • Deductible buyback coverage
  • Policies available: 100% ground up, primary, quota share, and excess
  • Exclusions: fronting, reinsurance of captives or risk pools, facultative reinsurance

E&S coverage is available through our select broker distribution network.

Target classes

Commercial real estate
Vacant and unprotected properties

Excess only for habitational risks, food production/processing, woodworker/sawmill

Excluded classes: dealers open lot, stock throughput, ocean or inland marine, builders risk, cannabis, pharma, primary habitational of frame construction, chemical blending, petrochemicals, crop growing, energy production, fertilizer manufacturing/distribution/storage, livestock, flammable liquid workers

Claims scenarios

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A shipyard located in an evacuation zone was required to move some of their sensitive equipment in preparation for an imminent storm. Because the company had comprehensive property insurance tailored to its needs, they had complete insurance coverage for the relocation of the equipment.

A hotel was destroyed by a hurricane. Since the hotel had property insurance, they were covered for loss of business income and cost to remove debris and rebuild, as well as cost to replace damaged business equipment.

The main electrical switchgear for a building experienced electrical arcing. Staff sprayed chemical fire extinguishers on it to prevent fire, but this did not stop the arcing. The switchgear and cabling were destroyed, requiring complete replacement. Since the building owner had Equipment Breakdown coverage, the $90,000 cost of replacement was covered.

Download our Property Product overview for more information.

Contact our experts
Jim Wallace
Head of Property Excess & Surplus Lines
Frank Bartha
Frank Bartha
Brandon Beauregard
Brandon Beauregard
Rachael Dougherty
Rachael Dougherty
Evan Landers
Evan Landers
Vanessa Sullivan
Kevin Shaw
Christopher Wallin
Christopher Wallin
Zachary Zimmerman
Zachary Zimmerman

About Munich Re Specialty Insurance

Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America.

For more information on MRSI, including licensing, regulatory-required, and other information on the operating companies, please click here.