NFFS announces new foundry Property & Casualty insurance program

Are you having trouble finding property coverage for your foundry? The US insurance market has shifted in the last several years and members are now suffering from late renewals or non-renewals and if they are finding coverage, premium prices are soaring. The lack of quality coverage available and the substantial rise in rates could potentially cripple the US foundry industry. NFFS has a solution! 

The Society is excited to announce a new partnership with USI Insurance to provide members with Property and Casualty insurance with full coverage options at competitive rates. The Society has listened to member horror stories over the past year and developed a partnership to find solutions through international markets. The new NFFS Foundry Program with USI provides a unique option to this challenge to keeps costs down while providing an array of coverage choices to member foundries.

USI is a national insurance brokerage and consulting firm and has over thirty years of experience serving the foundry industry and writes over $28 million annually in foundry premiums. Their unique approach to finding customized solutions to each foundry has led to hundreds of thousands of dollars in premium savings for their clients. NFFS explored a multitude of Property and Casualty insurance options over the past six months to find a partner that could provide unique solutions to the foundry industry and USI has leveraged their international relationships to develop this program for US foundries. USI aims not only to keep down premium costs, but to increase coverage limits, lower deductibles and improve the terms and conditions within policies. This collaboration goes beyond coverage and cost savings and brings to the table USI’s experience and resources to assist members with long-term insurance preparation and planning.

To learn more about the new NFFS Foundry Insurance program and explore options for your company, please visit www.nffs.org/USI.