Commercial Property

Aspera offers coverage for a wide variety of occupancies throughout the United States. We offer use creative and practical solutions for your difficult-to-place excess & surplus lines property.

We consider All Risk, Difference in Condition (DIC), Single Peril, and Excess Equipment Breakdown coverage.

Target Classes

• Cannabis-related industries
• Entertainment
• Excess habitational – apartments, assisted living facilities, condos
• Food and drug manufacturing
• Hotels and motels (typically excess only)
• LRO commercial/industrial
• Manufacturing (light to moderate hazard)
• Municipalities/government buildings
• Personal repair services
• Professional/office buildings
• Real estate schedules
• Vacant buildings
• Warehousing/wholesale

Excluded Classes

• Agriculture growing crops, timber
• Foundries
• Manufactured housing
• Oil and gas, ocean marine, paper mills, petrochemical
• Radio, television, cell towers
• Risk purchasing groups
• Rolling stock
• Tire retreading

Cannabis Appetite

Primary, Ground-Up, or Excess limits up to $10M: Can cover finished stock, harvested plant material, goods in process.

• Ancillary products, vape, and paraphernalia
• CBD, dispensaries, extraction/processors, growers
• Laboratories
• Lessor’s risk
• Manufacturers: drink, food, and medical
• Processors
• Retail stores

Capacity

Ground-Up

Capacity to $10,000,000. We target small-to-midsize risks, with between one and twenty locations, for a variety of occupancies.

Primary

Capacity to $10,000,000 including all catastrophe perils. We target small-to-midsize risks, with between one and twenty locations up to $35M in Total Insured Value, for a variety of occupancies.

Excess

Capacity up to $10,000,000. We can write in or out of the PML, Buffer, and Capacity layers options. Our appetite is for medium and larger risks up to $1B in Total Insured Value.

Catastrophe Appetite

Wind

All Risks, DIC, Single Peril capacity available in all catastrophe areas. We avoid Frame/Joisted Masonry 0-3 miles to coastal water.

Flood

DIC, Single Peril, or include with All Risks perils. Prefer Excess in and out of PML and smaller schedules. No primary stand-alone coastal flood or major state river exposures.

Earthquake

DIC, Single Peril, or include with All Risks perils. Capacity available in all zones for PNW, New Madrid, and Oklahoma. We avoid unreinforced masonry, tuck under, or soft story and soil.

Availability

You can get Commercial Property coverage from us in these states:

• Alabama
• Arizona
• California [Lic. 0K86725]
• Colorado
• Florida
• Georgia
• Louisiana
• Maine
• Michigan
• Mississippi
• Nevada
• North Carolina
• Oregon
• South Carolina
• Texas
• Virginia
• Washington

Company Highlights

Here are a few services you can expect when working with us: