Venture is a leading program administrator serving select industries, including golf and club, banking, hospitality, life sciences and technology.
"We work exclusively through agents and brokers to provide 'best-in-class' insurance products and services that improve the coverage, stability or services available within our market segments," says Richard Look, director of communication for Venture. "Our underwriting partners include the Ace Group of Companies, Alea North America, Chubb, Discover Re, Hartford, Lloyd's of London, Seneca, USF&G and USLI."
THE PREFERRED CLUB PROGRAM®
Venture administers THE PREFERRED CLUB PROGRAM, the leading insurance provider to the club industry. According to Look, this program offers the highest-quality coveragea, the most experienced club loss control servicesb, the highest satisfaction for claim resolutionc and the support of over 1,150 private, semi-private and upscale daily fee courses.
VENTURE BANKINGSM is the fastest-growing package within Venture. The program is specifically designed for commercial banks with less than $2 billion in assets and is noted as having one of the most comprehensive property, liability and fiduciary packages available for community banks. Coverage is provided through Chubb and Hartford, and is available in all states.
VENTURE HOSPITALITYSM is a leading workers compensation program that added a restaurant package on September 1, 2004. The workers compensation product is suited for casual to upscale restaurants, hotels, resorts and other hospitality-based risks. The program originated in 1998 as an extension of THE PREFERRED CLUB PROGRAM. The program is underwritten by Alea North America and Chubb, and is available in all states.
VENTURE LIFE SCIENCESSM provides a specialty workers compensation and package solution for biotech, laboratory, and research facilities. The program offers highly specialized risk management services while improving the safety and well being of its insureds' employees and facilities. Coverage is highly selective and provided through USF&G and Chubb, and is available in all states.
VENTURE TECHNOLOGYSM is an all-lines solution for technology-based risks including hardware manufacturers, software developers and related service providers. With access to more than eight specialty carriers including exclusive partnerships with Discover Re and USF&G, VENTURE TECHNOLOGY has become a primary placement vehicle for many of the top brokerage firms in the country. Coverage is available in all states.
Venture Programs launched the VENTURE INTELLECTUAL PROPERTIESSM (VIP) division in 2001 to address product, service and corporate intellectual property (IP) needs. In 2002, the division launched the VIP DEFENDERSM product to provide defense and indemnity against claims of IP infringement of third-party patents, trademarks, copyrights and other IP. Today, Venture has added VIP DIGITALSM, a digital IP product providing E&O gap coverage for multi-media exposures. Coverage for VIP DIGITAL is provided through Seneca Insurance Company.
"This is our first year anniversary with Target Markets," says Look. "We are looking forward to expanding our relationship with the association."
For more information on the company or to access its programs, visit www.VenturePrograms.com, or call (800) 282-6247, ext. 278.
a A.M. Best "A++" XV for all lines
b Over 4,000 club loss control visits since 1994
c Source: Goldman Sachs P&C Survey of Risk Managers, March 11, 2002