A monoline insurance policy provides interest and principal coverage for securities and bonds when the issuer defaults. Protections against defaults are packaged in the form of credit wraps. These instruments not only provide protection for the buyer, but also bolster the credit of the issuer.
https://www.reference.com/business-finance/monoline-insurance-policy-dba2e950f6facd29
This expanded monoline auto program provides a high-liability commercial auto policy on a stand-alone basis even when the supporting lines of coverage do not qualify. “Agents often have trouble finding a desirable standard market for their commercial auto business.
http://www.insurancejournal.com/news/national/2006/12/05/74728.htm
Travelers has simplified commercial auto insurance for companies working in more than one state by covering multi-state exposures on one policy, a feature both commercial and construction customers often require. A minimum of five vehicles to very large fleets can be covered individually or as a group.
http://www.insurancejournal.com/news/national/2006/12/05/74728.htm
Monoline insurance companies typically pursue a single line of business. The majority of monoline insurance providers guarantee the repayment of corporate bonds. Monoline insurance policies provide debt service payments when the underlying issuer is not able to do so. The goal of these policies is to satisfy the expectations and accommodate the needs of investors and issuers across the capital market system.
https://www.reference.com/business-finance/monoline-insurance-policy-dba2e950f6facd29
Travelers Expands Monoline Commercial Auto Insurance Offerings. Travelers is now making available commercial auto coverage for small to mid-sized businesses on a monoline basis through its Select Accounts, Commercial Accounts and Construction divisions.
http://www.insurancejournal.com/news/national/2006/12/05/74728.htm
Thus there is even less need for monoline products liability now. “Because of this reasonably soft market, carriers would rather write the CGL with the products liability and collect premium than decline that piece and risk losing all of it,” explains Franzese.
http://insurancemarketsource.com/commercial/cgl-or-monoline-products/
Our monoline program allows agents to separate the commercial auto coverage needs and consider Travelers as a better alternative,” said Bill Cunningham, president of Travelers Commercial Accounts.
http://www.insurancejournal.com/news/national/2006/12/05/74728.htm
Basic math says the whole is equal to the sum of its parts. So when a client recently asked Jeff Diefenbach, vice president and branch manager at Burns & Wilcox, to compare a multiline Comprehensive General Liability (CGL) policy to products liability insurance, one of its component coverage parts, the request didn’t really add up.
http://insurancemarketsource.com/commercial/cgl-or-monoline-products/
Buying just a monoline products liability policy would leave the insured without coverage for premises liability, medical payments, completed operations, and personal injury /advertising liability, features that are part of a standard commercial general liability contract.
http://insurancemarketsource.com/commercial/cgl-or-monoline-products/
The price difference is minimal — only a few percent higher for the comprehensive CGL.”. What’s more, he says, “the CGL policy is already broad, so buying the separate Products Liability Coverage doesn’t extend the coverage.” With CGL, the insurer is legally obligated to pay damages for both bodily injury and property.
http://insurancemarketsource.com/commercial/cgl-or-monoline-products/
what is commercial monoline insurance
The commercial Monoline insurance is a Monoline insurance policy provides interest and principal coverage for securities and bonds when the issuer defaults.