Ironshore, a broker-sourced specialty property/casualty coverage provider, has launched Ironshore Vacancy Assure, an insurance program created to protect against adverse risk exposures for vacant or partially occupied U.S. commercial properties.
The company said the program will provide property limits of up to $25 million against approved perils, and will cover environmental damages of up to $10 million against “traditional environmental exposures and mold.”
“Over the last 12 to 18 months, there has been a greater need for insurance coverage for vacant and partially occupied properties,” said Tony Mammolite, EVP of Ironshore U.S. Property. “We have been able to combine our strength and expertise in the property and environmental lines, and package together a single product tailored to clients’ specific needs.”