Specialty business insurance coverage brokerage agency Bluetone Advisors, has launched a lithium-ion battery captive to assist superior battery corporations handle their insurance coverage prices and supply a broader coverage with complete and constant protection phrases.
Andy Royce, president of BlueStone Advisors, says: “We’re excited to announce the launch of BlueStone’s lithium-ion battery captive to the superior battery ecosystem for employers who’re adversely affected by rising insurance coverage charges, restricted capability, and shrinking protection phrases supplied in immediately’s insurance coverage and reinsurance market.
“We’ve seen resinsurance charges spike attributable to world financial uncertainty, geopolitical unrest and elevated catastrophic claims paid to worldwide lithium-ion battery operators with inferior security requirements.
“The BlueStone lithium-ion captive is for US employers with sound danger administration practices who need extra management of their insurance coverage prices, pricing stability, and protection certainty.”
