This year, WSS was happy to participate in sponsoring the IIAD Jim Millerman annual convention. Check out this coverage from the 80’s themed event.
Can you spot our ad?
WSS welcomes our new Senior Broker, Sherif Azer
Please join us in welcoming Sherif Azer
Starting in November, Sherif joins us as a Senior Broker in our Los Angeles offices. Having been a Broker at both Bass and Hull & Co., Sherif brings 11 years experience with him to his new position at WSS. He's a graduate of Cal State Dominguez Hills and hold an AU designation.
Sherif will be in Plano the week of 11/27 for training on our systems. Soon after that he'll be at the Stevenson Ranch office to get to know everyone.
Sherif’s direct line is (818) 650-9100 and his email is sherifazer@wssib.com
Welcome to the WSS team Sherif!
New Broker, Sonny Ramezani, Joins WSS
Western Security Surplus is pleased to announce the hiring of our new Broker, Sonny Ramezani. Sonny comes to WSS after spending 11 years at Bass Underwriters in Los Angeles. Starting the first week of February 2017, Sonny will be part of a new brokerage team in Los Angeles which will be staffed up over the coming year.
Please join us in welcoming Sonny to the team!
WSS Now Accepts Online Payments
WSS is happy to announce that we've launched a new system for accepting online payments from agents.
Working with ePayPolicy, we now offer a single point for making payments, and it couldn't be easier. Simply follow the payment links found on our site, then fill out amount, agency ID, policy number, quote or invoice number. It's easy!
Pay Now: https://wssib.epaypolicy.com/
Please note that we will no longer be taking check-by-fax as of November 30, 2016. After that date, the only accepted payment methods will be to mail an agency check, use the new online payment system with an agency check, or send an ACH payment.
NEW! Analysis of Wholesale Distribution Costs
In a recent report commissioned by NAPSLO, a careful and conservative analysis of wholesale and retail brokerage channels found that wholesale distribution does not increase the cost of the transaction to the insured. The final report by Conning, Inc.'s Insurance Research Division establishes solid evidence that counters long-held misconceptions about value and cost-effectiveness of the wholesale distribution system.
“Conning's report demonstrates there is no additional cost in leveraging a wholesale specialist to find the best solution for the insured,” said NAPSLO Executive Director, Brady Kelley.
The full report, accompanying FAQs, and related enhancements to NAPSLO's wholesale value message are now available on the NAPSLO website.
Andrea Writes: Brokerage
Check out the latest list of difficult risks handcrafted by WSS Senior Broker Andrea Zenner. Make sure to drop her a line if you have any questions....
DIC-EQ
Commercial/Retail
- Limits
10MM LL (11,200,000) TIV w/20% ded - Basis
1974 concrete tilt - Premium
$30,896
Water Company
- Limits
$7,465,000 TIV w/5% ded - Basis
1962 Frame including underground pipes & equipment - Premium
$26,300
Homeowner Association
- Limits
$1,841,805 RIV w/10% ded - Basis
1979 Frame Hab over garage - Premium
$5,000
GENERAL LIABILITY/PRODUCT
Manufacturer/Electrolytic Processes
- Limits
$2MM/1MM/1MM/1MM w/$2,500 ded - Basis
$300,000 Gross Receipts - Premium
$9,100
Medical Marijuana Dispensary
- Limits
$1MM/$3MM CGL/Professional w/$2500 ded - Basis
$6,000,000 Gross Receipts - $5290
General Contractor Building Medical/Dialysis Centers
- Limits
1MM/2MM/2MM/1MM 2/no deductible - Basis
$8,000,000 Gross Receipts - Premium
$24,800
COMMERCIAL PACKAGE POLICIES
Apartment (With Habitability Losses)
- Limits
1/2/1/1; $6,655,702 TIV - Basis
Steel/frame; 1923; 26 units - Premium
$34,310
LRO, Occupied by Furniture Mfg.
- Limits
2/2/1/1; $1,836,000 TIV - Basis
Concrete block, 1974, 20,000 sq. ft - Premium
$6,946
GARAGE POLICIES
Auto Body Paint & Repair Shop
- Limits
11MM/1MM/3MM; 2.3MM Garage Keepers - Basis
$130,000 payroll - Premium
$33,613
Cleans Diesel Filters
- Limits
1MM/1MM/2MM; $200,000 Garage Keepers - Basis
$67,600 payroll - Premium
$12,436
COMMERCIAL AUTO
Landscape Contractor
- Limits
$500,000 CSL – liability only (several losses) - Basis
13 light trucks - Premium
$77,851
Pizza Delivery (NOA)
- Limits
$1,000,000 CSL - Basis
$727,000 Delivery receipts - Premium
$6,750
EXCESS LIABILITY
Plumber (Back Flow Tester)
- Limits
$6MM excess of CGL, Professional, Pollution, Auto & Employers Liability - Basis
$400,000 Gross Receipts - Premium
$5,000
Produce Distributor
- Limits
$5MM excess of GL, AL, El & EBL - Basis
$35,000,000 Gross Receipts - Premium
$14,500
PROFESSIONAL LIABILITY
Lawyers Professional
- Limits
1MM/1MM - Basis
sole practitioner - Premium
$8,981
Architect E&O (Auto Dealerships)
- Limits
2MM/2MM - Basis
$1,100,000 Gross Billings - Premium
$18,891
EMPLOYMENT PRACTICES LIABILITY
Seafood Distributor
- Limits
1MM w/25K SIR - Basis
80 Employees - Premium
$20,453
Vocational School
- Limits
1MM/2MM w/15K SIR - Basis
30 Employees - Premium
$7,983
ENVIRONMENTAL LIABILITY
Mold/Fungus Cleaning
- Limits
2MM/2MM General, Professional & Contractors Pollution Liability - Basis
$2,400,000 Gross Receipts - Premium
$14,766
Back Flow Testing
- Limits
1MM/2M General, Professional & Contractors Pollution Liability - Basis
$400,000 Gross Receipts - Premium
$5,245
Wendy Writes
Check out the latest list of difficult risks handcrafted by WSS Senior Broker Wendy Clinton. Make sure to drop her a line if you have any questions....
DIC
Dwelling
- Limits $1,800,000 10% ded
- Ratings Basis 2005 Wood Frame
- Premium $1,800
Car Dealership
- Limits $10,000,000 15% ded
- Ratings Basis 2006 Block
- Premium $25,798
HOA
- Limits $12,167,000 20% ded
- Ratings Basis 1991 Wood Frame
- Premium $12,656
Office
- Limits $10,000,000 10% ded
- Ratings Basis 1960 Tilt Up
- Premium $35,000
AUTO LIABILITY
Non Medical Transport
- Limits $1,500,000 CSL
- Ratings Basis 1 Mini Van
- Premium $10,703
General Contractor
- Limits $1,000,000 Liab
- Ratings Basis 1 Vehicle
- Premium $1,671
Light Décor
- Limits $1,000,000 Liab
- Ratings Basis 7 Vehicles
- Premium $8,073
BUILDER’S RISK
Commercial Building
- Limits $5,000,000
- Ratings Basis Joisted Masonry
- Premium $5,900
3 Story Dwelling
- Limits $4,300,000
- Ratings Basis Frame
- Premium $9,245
COMMERCIAL GL/PRODUCTS
Spinal Implants
- Limits $5,000,000 CM
- Ratings Basis $4,500,000 GR
- Premium $30,000
Refurbish Cryogenic Tanks
- Limits $3,000,000
- Ratings Basis $1,400,000 GR
- Premium $16,845
Plumbing Contractor
- Limits $2MM/1MM
- Ratings Basis $123,600 Payroll
- Premium $9,077
Electronic Instrument Mfg
- Limits $2MM/1MM
- Ratings Basis $9,700,000 Sales
- Premium $17,445
Bar
- Limits $2MM/1MM; 1M Liq w/A&B
- Ratings Basis $2,504,000 GR
- Premium $61,711
PACKAGE
10 Unit Apartment
- Limits $890,000TIV/$2MM/1MM
- Ratings Basis 10 Units
- Premium $2,528
Banquet Hall
- Limits $1,500,000TIV/$2MM/1MM
- Ratings Basis $800,000 Sales
- Premium $19,271
Bar & Grill
- Limits $2/1 GL; $1M Liq/ $250,000 TIV
- Ratings Basis $450,000 GR
- Premium $7,893
PROFESSIONAL
Research & Development
- Limits $2,000,000 PL/GL
- Ratings Basis $2,500,000 GR
- Premium $10,000
Interior Design
- Limits $1MM/2MM
- Ratings Basis $950,000 Sales
- Premium $3,570
Real Estate Services
- Limits $1MM/1MM
- Ratings Basis $100,000 GR
- Premium $2,500
Physician
- Limits $1MM/3MM
- Ratings Basis $500,000 GR
- Premium $30,000
PROPERTY
Bar
- Limits $5,000,000 CM
- Ratings Basis $4,500,000 GR
- Premium $30,000
LRO
- Limits $3,000,000
- Ratings Basis $1,400,000 GR
- Premium $16,845
Vacant Commercial Building
- Limits $2,160,000 TIV
- Ratings Basis Frame/6,935 sq. ft.
- Premium $16,120
EXCESS LIABILITY
Contractor
- Limits $9,000,000
- Ratings Basis XS GL, AL, EL
- Premium $80,480
Mfg Blinds
- Limits $1,000,000
- Ratings Basis XS GL, AL, EL
- Premium $6,019
Labor Union Office
- Limits $1,000,000
- Ratings Basis XS GL
- Premium $1,000
GARAGE
Auto Repair & Custom Work
- Limits $1MM Liab/$300,000 GKLL
- Ratings Basis $26,000 PR
- Premium $5,756
RV Service/Repair
- Limits $1MM Liab/$150,000 GKLL
- Ratings Basis $7,800 PR
- Premium $4,928
Mobile Mechanic
- Limits $1MM Liab
- Ratings Basis $7,800 PR
- Premium $2,000
D&O/EPLI
Fire Protection Service/Sales
- Limits $1,000,000; $15,000 Retention
- Ratings Basis 30 Employees
- Premium $7,210
Grocery Store
- Limits $1,000,000; $15,000 Retention
- Ratings Basis 16 Employees
- Premium $4,547
ENVIRONMENTAL
Water Analyses
- Limits $2M/2MGL/$2MProf/$2MCPL
- Ratings Basis $559,821 GR
- Premium $5,462
Storage Tanks/Gas Station
- Limits $1M/$3M
- Ratings Basis 3 Tanks
- Premium $5,363
Andrea Writes: Small Business
Check out the latest list of difficult risks handcrafted by WSS Senior Broker Andrea Zenner. Make sure to drop her a line if you have any questions....
Package Policies
Metal Plating Operations
Property
Special Form, Modified Fire Resistive, Built 1940 (with updates) – TIV: $175,000General Liability
1MM/1MM/500/500; Basis - $1,000,000 Gross receipts- Premium
$4,413
Supply Store
Property
Special Form; Frame; Built 1989 – TIV $600,000General Liability
1MM/Excl/1MM/1MM; Basis $2,000,000 Gross receipts- Premium
$4,669
Glass Repair/Installation
Property
Special Form; Frame, Built 1985 – TIV $100,000General Liability
2MM/2MM/1MM/1MM; Basis - $450,000 Gross Receipts- Premium
$3,136
Vacant Restaurant
Property
Special Form x-theft; Joisted Masonry; Built 2007 – TIV $827,536General Liability
2MM/excl/1MM/1MM; Basis 4230 sq. ft.Premium
$1,658 (6 month term)
Church
Property
Special Form, Frame, Built 1954 (updated) TIV $50,000General Liability
12MM/incl/1MM/1MM; Basis 1800 sq. ft- Premium
$898
PROPERTY POLICIES
Banquet Hall with cooking
Property
Special Form w/equipment Breakdown , Joisted Masonry, built 1902 (with updates) - $965,000 TIV- Premium
$5,607
COMMERCIAL GENERAL LIABILITY POLICIES
Sales & Installation electronics (audio video)
General Liability
2MM/2MM/1MM/1MM; Basis $40,000 payroll- Premium
$828
Bottling & Distribution water for consumption
General Liability
2MM/2MM/1MM/1MM; Basis $551,000 Gross Receipts- Premium
$2,438
Dwelling rented to others
General Liability
300/300/300; basis 1- Premium
$1,000
Lessors Risk occupied by ironwork, fencing installer & auto accessory sales
General Liability
2MM/excl/excl/1MM; Basis 5149 Sq Ft- Premium
$800
Lessors Risk occupied by commercial offices, apartments, single family dwelling and vacant land
General Liability
2MM/incl/1MM/1MM; basis is various- Premium
$17,852
Lessors Risk vacant land
General Liability
3MM/incl/2MM/2MM; basis 15 acres- Premium
$1,400
Vape Store
General Liability
2MM/excl/1MM/1MM; Basis $180,000 Gross Receipts- Premium
$750
Connie Cleere Joins WSS
Please join us in welcoming Connie Cleere to the team at WSS. In late January, Connie started with us through a temp agency and today she joins us an official member of Western Security Surplus. In the short time she worked at WSS, Connie has proven to be a valuable asset to the Brea team and will continue working as Wendy’s Associate Broker. Prior to WSS, Connie was employed by Crump and Hull & Co in their brokerage departments.
Welcome aboard Connie!
Change of Address for WSS Online Rater
WSS has moved its online Homeowners Rating System to a new address. The old address, branded under West-Pro, was westpro-online.com. The new site is at wssib-online.com.
For difficult risk...