Burns & Wilcox Services and Solutions Explained

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Burns & Wilcox is a leading insurance wholesale broker that offers a wide range of services and solutions to its clients. They specialize in providing commercial and personal insurance products through their network of agents and brokers.

One of the key services Burns & Wilcox offers is excess and surplus lines insurance, which is designed for clients who are unable to find coverage through traditional insurance companies. This type of insurance provides coverage for high-risk or hard-to-insure clients.

Burns & Wilcox also provides a variety of specialty insurance products, including professional liability insurance and commercial auto insurance. These products are designed to meet the unique needs of different industries and businesses.

Their team of experienced underwriters and risk managers work closely with clients to identify and mitigate potential risks, providing customized insurance solutions to meet their specific needs.

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Services and Products

Burns & Wilcox offers a wide range of insurance products to meet the diverse needs of its clients. They specialize in commercial and personal coverages, including kidnap & ransom insurance, personal accident insurance, and special event insurance.

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Some of the specific insurance products offered by Burns & Wilcox include:

  • Kidnap & ransom insurance
  • Personal accident insurance
  • Special event insurance
  • Products liability insurance
  • Umbrella/excess liability insurance
  • Premises liability insurance
  • Primary and excess auto insurance
  • Contractors pollution liability insurance
  • Builders risk insurance
  • Inland marine insurance
  • Commercial auto liability
  • Agricultural insurance
  • Retail insurance
  • Health & beauty insurance
  • Errors & omissions insurance
  • Executive/management liability insurance
  • Media liability insurance
  • Medical liability insurance
  • Small business insurance

Burns & Wilcox also offers professional liability insurance, which includes policies for architects & engineers, medical malpractice, and technology errors & omissions.

What Type of Services Does Offer?

Burns & Wilcox offers a wide range of insurance services, including casualty insurance, professional liability insurance, and commercial insurance.

Their casualty insurance products include general liability insurance, professional liability (E&O) insurance, commercial umbrella insurance, and cyber liability insurance. These products can help protect businesses and individuals from liability claims.

Burns & Wilcox also specializes in property and casualty products, including general liability insurance and professional liability insurance. Their products are designed to meet the diverse needs of their clients.

In Canada, Burns & Wilcox offers unique business solutions, including excess lines of insurance for various business needs. They also offer insurance coverage for collector cars, recreational boats, and high net worth individuals.

Here are some of the specific insurance products offered by Burns & Wilcox:

  • General Liability Insurance
  • Professional Liability (E&O) Insurance
  • Commercial Umbrella Insurance
  • Cyber Liability Insurance
  • Architects & Engineers Professional Liability
  • Medical Malpractice Insurance
  • Technology E&O Insurance

Environmental

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Burns & Wilcox offers environmental insurance solutions for businesses that face unique environmental risks. These policies are crucial for companies involved in industries such as manufacturing, waste disposal, or chemical production.

Pollution Liability Insurance is a key product that covers legal and cleanup costs associated with pollution incidents, including soil, water, or air contamination.

Contractors Pollution Liability is another important policy designed for contractors, covering third-party claims of pollution resulting from construction activities.

Here are some key environmental insurance products:

  • Pollution Liability Insurance: Covers legal and cleanup costs associated with pollution incidents, including soil, water, or air contamination.
  • Contractors Pollution Liability: Designed for contractors, this policy covers third-party claims of pollution resulting from construction activities.

Discounts and Advantages

Burns & Wilcox offers various discounts to its customers, including a multi-vehicle discount for those insuring more than one vehicle at a time. This can be a great way to save money on car insurance.

A good credit score can also lead to discounts, as Burns & Wilcox offers a good credit score discount to auto insurance customers. Additionally, completing an approved defensive driving course can also result in a discount.

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Here are some of the discounts offered by Burns & Wilcox:

  • Multi-vehicle discount
  • Good credit score discount
  • Defensive driving course discount
  • Product success discount (for commercial liability customers)
  • Safe premises discount (for commercial liability customers)

Burns & Wilcox Canada is known for its innovative solutions and commitment to improving its clients' bottom line. The company continually invests in insurance training and new tools to help its brokers become more efficient.

Burns & Wilcox Canada also specializes in filling in insurance gaps for various business needs, offering excess lines of insurance that other companies may not provide. This can be a lifesaver for those with unique insurance needs.

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Discounts Offered

Burns & Wilcox offers a multi-vehicle discount for car insurance customers who insure more than one vehicle at a time.

If you're a good driver, you may be eligible for a good credit score discount, which is offered to auto insurance customers who maintain a good credit score.

Taking a defensive driving course can also save you money, as Burns & Wilcox offers a defensive driving course discount to auto insurance customers who complete an approved course.

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Businesses with a good track record of product success may qualify for a product success discount, which is offered to commercial liability customers.

Providing a safe premises for employees and customers can also earn you a safe premises discount, which is offered to commercial liability customers.

Here are some of the discounts offered by Burns & Wilcox:

  • Multi-vehicle discount
  • Good credit score discount
  • Defensive driving course discount
  • Product success discount
  • Safe premises discount

Canada Advantages

Burns & Wilcox Canada is a company that truly cares about its clients, and it shows in the advantages they offer. One of the key benefits is their focus on developing innovative solutions that meet customer needs.

They're not afraid to invest in improving their clients' bottom line and creating solutions that other companies can't match. Burns & Wilcox Canada continually invests in insurance training and new tools to help its brokers become more efficient.

Their reputation was built on filling in insurance gaps for a variety of business needs. This means they can underwrite policies for situations that other insurance companies won't touch.

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Burns & Wilcox Canada offers a range of insurance solutions that's hard to find anywhere else in the world. They're a company that's focused on offering solutions that will fit all of your business and personal needs.

Here are some of the key advantages of working with Burns & Wilcox Canada:

  • Aggressively developing solutions to meet customer needs
  • Filling in insurance gaps for unique business situations
  • Offering a range of insurance solutions that's hard to find elsewhere

Why Choose Burns & Wilcox

Burns & Wilcox stands out in the insurance industry due to its expertise in managing complex risks and offering tailored solutions.

Their strong underwriting practices are a key factor in providing specialized products that address unique risks often overlooked by standard insurers.

Burns & Wilcox's global reach allows them to cater to a wide range of clients, from businesses to individuals, with comprehensive insurance coverage.

By working with independent agents and brokers, they can provide customized solutions that meet the specific needs of each client.

Casualty

Choosing Burns & Wilcox for your casualty insurance needs is a smart move. They offer a broad range of casualty insurance products that can protect businesses and individuals from liability claims.

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Burns & Wilcox's casualty insurance products are designed to cover a variety of risks, including bodily injury or property damage caused by a business's operations, products, or employees.

General Liability Insurance is one of the key products offered by Burns & Wilcox. This policy provides protection against claims of bodily injury or property damage caused by a business's operations, products, or employees.

Professional Liability (E&O) Insurance is another important product offered by Burns & Wilcox. This policy covers professionals against claims arising from mistakes or negligence in the services they provide.

Commercial Umbrella Insurance is also available from Burns & Wilcox. This policy offers additional liability protection for businesses, extending coverage limits beyond what is offered by primary liability policies.

Cyber Liability Insurance is a critical product in today's digital age. Burns & Wilcox's Cyber Liability Insurance protects businesses from data breaches and cyberattacks, covering costs such as data recovery, legal fees, and notification costs.

Here are the key casualty insurance products offered by Burns & Wilcox:

  • General Liability Insurance
  • Professional Liability (E&O) Insurance
  • Commercial Umbrella Insurance
  • Cyber Liability Insurance

Why Choose

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Burns & Wilcox stands out in the insurance industry due to its expertise in managing complex risks. They offer tailored solutions that address unique risks often overlooked by standard insurers.

Their strong underwriting practices are a key factor in their success. This helps ensure that clients receive comprehensive insurance coverage.

Burns & Wilcox has a global reach, which allows them to provide insurance coverage to businesses and individuals in various locations. This is particularly beneficial for companies with international operations.

Their extensive portfolio of property and casualty products makes them a top choice for businesses and individuals. This is because they can offer a wide range of insurance solutions to meet diverse needs.

Burns & Wilcox's commitment to innovative, customized solutions ensures that their clients are well-protected. This is reflected in their ability to provide specialized products that address unique risks.

Commercial Options

Burns & Wilcox Canada offers a wide range of commercial liability coverage options that can protect your business, property, and assets.

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With standard commercial insurance coverage, you can ensure that your business is protected from accidents, health issues, and other risks. You can also opt for specialized options, such as jewelers, fine arts dealers, apartment building owners, and vacant property owners.

Some of the specialized options include Builder's Risk Insurance, which provides coverage for buildings under construction, and Vacant Property Insurance, which covers risks associated with unoccupied properties.

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Specialty

Commercial businesses often have unique needs that standard insurance policies can't cover. That's where specialty insurance comes in.

Burns & Wilcox offers a range of specialty insurance products that cater to specific risks. One example is Builder's Risk Insurance, which provides coverage for buildings under construction.

Contractors and builders can benefit from this specialized product, as it helps protect their investment in case of unexpected damage or loss. This type of insurance is essential for those in the construction industry.

Specialty insurance products like Vacant Property Insurance are also available, designed for properties that are unoccupied for an extended period. This policy covers risks associated with vacant homes or commercial spaces.

For businesses that rely on shipping or other marine operations, Marine Insurance is a crucial coverage option. It covers vessels, cargo, and marine-related liabilities.

Some insurance companies that offer specialty insurance products include FMT Insurance, Aegis, Eastern Underwriters, and others.

Commercial

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Commercial insurance can provide a broad range of protection options for businesses, including standard coverage and specialized options for specific industries.

Burns & Wilcox Canada offers a variety of commercial liability coverage options that can safeguard your business, property, and employees.

Accident and health insurance is a type of commercial insurance that can protect your business from unforeseen events.

Casualty insurance is another option that can provide financial protection in the event of accidents, injuries, or other unforeseen circumstances.

Terrorism protection is also available, providing businesses with peace of mind in uncertain times.

Commercial property insurance can protect your business's physical assets, including buildings, equipment, and inventory.

Environmental insurance can help businesses manage environmental risks and protect against pollution-related claims.

Inland marine insurance can cover goods in transit, providing protection against loss or damage.

Ocean and commercial marine insurance can provide coverage for businesses that rely on international trade or shipping.

Here are some examples of specialized commercial liability protection options:

  • Jeweler's coverage
  • Fine arts dealers insurance
  • Apartment building owners insurance
  • Vacant property owners insurance

Frequently Asked Questions

What is the history of Burns and Wilcox?

Burns & Wilcox was founded in 1969 by Herbert W. Kaufman, a retail insurance agent with a vision to provide unique access to insurance markets. The company has since become a leading insurance wholesaler, helping brokers and agents place specialty risks.

Who is the CEO of Burns and Wilcox?

The CEO of Burns & Wilcox is Alan Jay Kaufman, who is also the company's chairman and president.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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