APR – Alternative Markets

Who We Are:

Founded in 2014 as part of K2 Insurance, APR specializes in the Public Entity and Special District market segments. We operate with two underwriting facilities, each earning an AM Best “A” rating. Our APR – Alternative Markets team consists of six members, each bringing over 20 years of insurance expertise.

Our Product:

We offer Automobile Liability, General Liability, Public Officials Liability, and Employment Practices Liability on both a Retained Limits and Following Form Excess basis. Our Special District policy forms and endorsements were specifically developed for the Special District market segment, focusing on simplicity and readability. We listed all policy provisions alphabetically, placed all exclusions and definitions into designated sections, and removed all redundant policy language. (See Coverage Highlights for the Special Districts Retained Limit Liability Policy for a more detailed review).

Our Approach To Underwriting:

We have assembled subject matter experts for each risk type. Our goal is to find solutions, even for complex or difficult risks, and we consistently aim to get to a “yes” on your accounts.

Our Service:

• We promptly acknowledge all submissions upon receipt.
• Within 24 hours, we provide a go/no-go decision on each risk submitted.
• We assign specific team members to each account, ensuring clear accountabilities.
• Policies are issued error-free within 30 days of the effective date, with each policy undergoing a thorough, three-step peer review before being sent to the client.

How We Can Assist You:

We collaborate with you and your insured to craft tailored solutions for a competitive price. Additionally, we offer a library of in-depth technical articles to help you retain your current clients and obtain new clients.

Excess Liability Program For Public Entities

What We Can Do:

Minimum Attachment: $11,000,000
Maximum Limits: $5,000,000
Coverage Form: Following Form Excess Liability
Paper: Non-Admitted, AM Best Rating “A+” XV
Lines of Coverage: General Liability, Public Officials Liability, Employment Practices Liability, Automobile Liability, Law Enforcement Liability, Employers Liability
Risk Appetite: Municipalities, Counties, Water Utilities, Sewer Utilities, and other Water-Related Entities, Fire Districts, Park Districts, Special Tax Districts, and Solid Waste Districts

• Special Districts outside of those listed above are considered on a referral basis
• California risk-specific underwriting requirements

What We Can’t Do:

• Electric utilities, including distribution and generation
• Educational institutions, including but not limited to K-12 schools, community colleges, and universities
• Transit, including bus and rail, on a standalone basis
• Louisiana risks
• Pools (group risks)

What Is Required:

• Prior 10 years of ground-up and excess carrier loss runs valued within 90 days of the effective date
• Public entity applications for all applicable lines of coverage
• Current Budget and Financial Statement
• Vehicle listing