Indemnity Insurance Corporation underwrites specialty insurance products for the entertainment and hospitality industries.Our industry knowledge and experience enables us to provide our insureds a comprehensive set of services and products to assist them with their risk management and risk transfer needs. Through the use of onsite loss control and a proprietary risk transfer process, we are able to meaningfully increase our insureds exposure awareness.

We believe it is a vital service to your clients to have a comprehensive coverage team from underwriting to claims to ensure that everyone along the chain is an expert in this business class and readily familiar with your client’s operations.

Risk Management & Loss Control

We believe that many risk factors can be effectively managed, reduced or eliminated through the utilization of a comprehensive Risk Management assessment, and we work closely with our insureds to properly identify, evaluate and control their areas of exposure. All inspections and reports are completed by our internal team of trained professionals experienced in the entertainment industry, rather than through a third party service provider. Other than a nominal inspection fee to defray the transportation expenses for our team members, this service is provided to our clients without charge.

After completion of our initial inspection, a detailed report is prepared with specific recommendations noted for risk improvement and the reduction or elimination of loss. As part of our evaluation of the specific and actual operations of our insureds, we also review the operations of independent contractors retained by our insured to highlight additional exposure areas and risk transfer opportunities. Due to our concentration within the narrow market segments within which we write coverage, we have an extensive knowledge base of the exposures and significant experience in the proper and efficient management of these risk areas.

Included in our complete approach, is one important element typically identified as “Loss Control.” Although we utilize the standard Loss Control methodology in the identification of our client’s exposure to loss, we then further utilize the additional Risk Management components of transfer, avoidance and elimination of loss.

Because of our total Risk Management approach and our excellent interdepartmental communication, we are capable of implementing a wide spectrum of effective Risk Management tools. For example, our Loss Control group is on the front-line in identifying contractual risk transfer opportunities and works with Underwriting and the Legal Departments to affect those transfers. Moreover, Loss Control also assists in the identification of exposures for which avoidance is the most effective tool and is instrumental in providing guidance and advice to our clients in this area.

Through the complete use of all Risk Management techniques, inclusive of traditional Loss Control and strong interdepartmental work, we are able to provide a significant and positive impact on the financial well-being of our insureds.

Claims Handling

Our Claims organization is a dynamic and integral component of our overall service commitment to our insureds, and our superior interdepartmental communication is a key factor to our successful claims handling. We are focused on achieving an active and robust level of coordination between our Underwriting, Loss Control and Claims divisions, which is enhanced through the provision of joint access and appropriate sharing of client files within the same computer system.

From a conceptual standpoint, our approach to claims handling is significantly different from the typical insurance company methodology. Although we utilize all of the standard claims tools, we believe that a heavy emphasis at the initial stages should be placed on investigation. Consequently, we start with a hard line on any third party settlement proposals, unless of course negligence is clear and obvious. In lieu of following a claim strategy of “economic settlement” in the early stages, we consider this only after our investigation is complete, not as a first option.

Due to the unique nature of our underwriting model, we also place great importance on exploring all available claim tender options. There is extensive contractual analysis done by the Underwriting department, and our adjustment staff seeks to fully utilize every possible contractual risk transfer opportunity open to our insured.

An additional distinguishing tool of our claims handling approach is the utilization of “Incident Reporting” vs. “Claim Reporting.” Our insureds are educated in the advantage of the carrier having advance notice of any potential claim situation, and they understand that we do not consider the reporting of incidents in their “claim history” or renewal premium evaluation. This approach allows our investigation team to determine facts and conditions well in advance of a third party notice of a claim, thereby allowing for the timely and thorough collection of details integral to a proper defense. Additionally, this fosters a positive, proactive, team approach with insured, thus assuring us of quality, advance information.

This approach of pre-reporting, heavy investigation, and the team view allows us to work productively with our insureds, provide a meaningful and aggressive defense, and consistently beat industry average loss ratios.

Territory Availability

The company is licensed in Delaware. It is authorized in all other states under the Federal Liability Risk Retention Act and operates in AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, KS, LA, MA, MD, MI, MN, MO, NC, NH, NJ, NV, NY, OH, OK, OR, SC, TN, TX, VA, WA, and WI.

Coverage written through IIC is not subject to State or Surplus Lines Taxes. Any premium tax due from a sale of insurance is remitted to the domiciliary State and is the sole responsibility of IIC, premium taxes are not charged in addition to the premiums written.