Panels

About Panels

• Since 2010 Willis Towers Watson has led the brokerage community in developing valued added aggregation strategies based on a clear value proposition centered around client needs.
• Willis Towers Watson Panels brings together our deep technical expertise and strategic market relationships to offer unique, best in class insurance products. Through Panels, our markets commit to pre-agreed terms, conditions and capacity for a defined line of business, class or industry.

Benefits

• Engages technical expertise to deliver enhanced coverage that fills gaps in standard coverage
• Carriers carefully selected via thorough RFP process enables a competitive environment ensuring improved service and claims commitments
• Efficient and consistent approach to providing improved products gives all Willis Towers Watson clients an expedited route to the best products available

The Master Builder’s Risk and Project Builder’s Risk Panels provide pre-negotiated minimum coverage and service requirements, as well as minimum compensation requirements for new and renewable business. The Panels include robust automatic sub-limits and the ability to coverage existing structures.

On behalf of our contractors and subcontractors, the Contractor’s Block Panel, includes the ability to procure coverage for the following:

• Real and personal property, including time element
• Contractor’s equipment
• Installation works
• Rigger’s legal liability
• Motor truck cargo legal liability

Together these three Panels deliver comprehensive solutions with a consistent and efficient process.

The Middle Market & Select Segment’s FINEX (Financial & Executive Risks) Panel is a unique and innovative solution for all FINEX lines of coverage, including:

• Management liability:
  • Private/Not-for-profit companies only
  • Commercial organizations only
  • D&O, EPL, Fiduciary, Crime, K&R, Employed Lawyers
  • Cyber extension/module available with certain carriers
  • Packaged or stand-alone options
  • Cyber/E&O (Technology, Media E&O and/or Miscellaneous Professional Liability E&O)
  • Private/NFP & public company (and Financial Institutions) stand-alone placements are eligible
• Crime/Fidelity Bond
  • Private/NFP & public company (and Financial Institutions) stand-alone placements are eligible

Additionally, this Panel provides pre-negotiated minimum coverage enhancements for all lines and the ability to secure quotes for all FINEX lines of coverage from the same carrier or target particular carriers for certain coverages.

Premium Finance is a cash-management tool that many of the nation’s largest and most prestigious companies – including many in the Fortune 500 – currently use. Insurance premium financing is a concept that makes sense for most businesses seeking to free up working capital.

Benefits of this Panel:

• Improved Cash Flow: Conserve operating funds, preserve working capital, and increase flexibility
• Reduced Costs: Attractive rates, no prepayment penalty, and no compensating balances required
• Financial Reporting: Potential off-balance sheet advantages and enhanced credit facility
• Engages technical expertise to deliver enhanced coverage that fills gaps in standard coverage
• Plans can be tailored to cyclical needs: All premium finance requirements can be handled in a single payment program and changes in coverage are easily handled

• Excess Casualty Panel
• Life Sciences Panel
• Property Panel
• Technology, Media and Telecom Panel
• Unmanned Aerial Systems (UAS) or Drones Panel