Commercial Quake & DIC Program

Next Wave has partnered with Align General (MGA) to offer our agents/brokers a new DIC and Earthquake Program for western states.  Coverage will be written by two top rated carriers on both an admitted and non-admitted basis in CA…Non-admitted in AZ, NV, OR, WA, & UT.

Earthquake Program Highlights

  • A.M. Best Financial rating of A- VIII (Excellent)
  • Most occupancies available for EQSL (may be sub-limited)
  • Minimum Deductible 5% in CA, 2% available in other states
  • Special Admitted program for CA Condominium & Homeowners’ Association Risks
  • 5% Deductibles available throughout CA for preferred risks
  • Expanded Building definition to include foundations
  • Per Risk Capacity up to $10 million primary limits; $15 million excess limits

Target Classes:

  • Light Manufacturing
  • Printing and Publishing
  • Restaurants
  • Hotels/Motels
  • Food Processors
  • Technology Companies
  • Wholesale Distributors
  • Grocery Stores
  • Auto Dealers
  • Schools & Universities
  • Health Care Facilities
  • Printers
  • Self Storage
  • Retailers

Risk Characteristics:

  • Total Insured Values up to $250M
  • Firm Soil Conditions; (Little or no soft soil or high liquefaction within scheduled locations)
  • Wood Frame, 1940 and newer
  • Steel Frame and Metal Frame, 1975 and newer
  • Reinforced Concrete, 1975 and newer

Other Risks Considered:

  • Reinforced Masonry, 1950 and newer; no Un-Reinforced Masonry
  • Steel Frame or Metal Frame 1954 to 1974
  • Concrete Tilt-Up 1975 or newer (Retrofitted Tilt-up 1960 newer)
  • Flood outside of A & V flood zones
  • Tuck-Under parking outside of LA and SF areas; 1994 and newer
  • HOG, Subterranean, First Floor parking; outside of LA, SF and East Bay 1974 or newer; within LA, SF and East Bay; 1994 or newer

Ineligible Groups: Classes requiring high business interruption limits or high hazard on contents.

Submission Requirements

  • Account Summary with Acord Application
  • Completed Statement of values (SOV)
  • Perils and Deductibles requested
  • Expiring carriers; account layering and pricing
  • Suggested layering and pricing for submission

Send submissions to: submissions@nextwaveins.com