Safehold Special Risk, a division of Innovation Growth Partners Specialty, LLC, has announced the launch of its new Specialized Equipment Coverage Program, expanding tailored insurance solutions for contractors operating in agriculture, construction, and forestry.
Developed in partnership with Concert Specialty Insurance Company®, a member of the hybrid fronting carrier Concert Group®, the program is designed to address the unique risk exposures associated with owning or leasing specialized equipment in these sectors. With underwriting flexibility and coverage designed for both single units and large fleets, the program offers a competitive, customized insurance option for today’s equipment-intensive operations.
“We’re delighted to partner with Safehold in support of this highly specialized program,” said Joe Alberti, Chief Underwriting Officer of Concert Group. “As we continue to build a diversified book of business, we look for opportunities to provide innovative solutions to niche sectors of the market. This program is nicely aligned with that objective.”
Industry-Specific Expertise Built In
With over 30 years of experience supporting equipment-heavy industries, Safehold’s team brings deep industry knowledge and underwriting precision to the table. The program offers:
- Standalone or bundled coverage options
- Blanket coverage for larger schedules
- Access to admitted paper rated A- (Excellent) by AM Best
- In-house underwriters with specialized equipment risk expertise
“Whether it’s a single tractor or a multimillion-dollar equipment schedule, our goal is to provide the right coverage at the right price,” said John Paulk III, President of Programs for Safehold. “By partnering with Concert and leveraging our decades of experience, we’ve created a best-in-class insurance solution for contractors.”
Availability and Contact Information
The Safehold Specialized Equipment Coverage Program is available across most U.S. states, with current exclusions including Alaska, California, Colorado, Connecticut, Hawaii, Massachusetts, Minnesota, Maine, New Jersey, New York, Oregon, and Wisconsin.
For more information, email equipment@safehold.com or call 1-800-842-8917. You can also click here to learn more.
About Safehold Special Risk
Safehold Special Risk, a division of Innovation Growth Partners Specialty, LLC, is a national program administrator providing access to customized insurance solutions for a wide range of niche businesses and industries throughout the United States. Safehold acts as a managing general underwriter with delegated carrier underwriting authority, placing coverage with admitted and non-admitted carriers rated A- or higher. With more than 20 industry-specific programs, our tailored solutions help protect critical business assets, such as people, property, and reputation. For more information, please visit www.safehold.com.
About Concert Group®
Concert Group is a privately owned insurance holding company, which, through its wholly owned subsidiaries, Concert Insurance Company® and Concert Specialty Insurance Company®, offers insurance fronting and related services in the United States. For more information, please visit www.concertgroup.com.
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