Safehold partners with Concert Specialty to launch specialised equipment coverage program
- May 21, 2025
- Posted by: Beth Musselwhite
- Category: Insurance
Safehold Special Risk, a division of Innovation Growth Partners Specialty, LLC, has partnered with Concert Specialty Insurance, a member company of Concert Group, to launch a new specialised equipment coverage program.
The Safehold Specialized Equipment Coverage Program offers tailored insurance solutions and risk management expertise for contractors who own or lease equipment in the agricultural, construction, and forestry industries. All classes of equipment can be underwritten either on a standalone basis or alongside another Safehold Special Risk program. Blanket coverage is also available for larger schedules.
The program will be available in all U.S. states except Alaska, California, Colorado, Connecticut, Hawaii, Massachusetts, Minnesota, Maine, New Jersey, New York, Oregon, and Wisconsin.
Joe Alberti, Chief Underwriting Officer of Concert Group, said, “We’re delighted to partner with Safehold in support of this highly specialized program.
“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.”
John Paulk III, President of Programs for Safehold, added, “With more than 30 years of experience working with clients in these industries, and the partnership with Concert to provide ‘A-’ rated, admitted paper, the Safehold Specialized Equipment Coverage Program offers a best-in-class solution.
“Our team of insurance experts manage equipment risk exposures, allowing us to leverage our in-house underwriters who understand the nuances of equipment risk. Whether it’s a single tractor or a schedule of mobile equipment worth millions of dollars, this new program helps our clients access specialized coverage options at competitive prices.”
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