Co-assurance through Layers
If there is a need to cover extensive interests, RealXS offers the option of settling the premium for each Layer separately with the insurers that cover it.
Layers?
Risk coverage placed on the basis of Layers:
One group of insurers covers all damages up to 10 million.
The other group of insurers covers damages only insofar as they exceed 10 million.
There are even examples of contracts where there is a 3rd or fourth group of insurers, covering damages from 100 million and from 400 million.
That anything can then go wrong is well enough known, but Team RealXS can assure you that it can provide adequate systemisation.
Many industrial risks are by definition covered on a Co-assurance basis.
The policy is then created by engaging an Insurance Broker, who will then prepare a stock exchange policy.
More information on the quotation, policy formatting and policy administration of stock exchange policies on this page: LINK