The Climbing Wall Association, Inc. (CWA) maintains insurance programs for its members in the climbing wall industry. CWA insurance programs are available only to current members of the CWA as a member benefit. Maintaining the insurability of the market, both availability and price stability, are critical objectives of our insurance programs. CWA’s insurance programs are administered by Veracity Insurance Solutions, LLC, a managing general agent in Pleasant Grove, Utah. If you have questions about insurance coverage for your business, please feel free to contact the CWA, or Veracity Insurance at the address below or by calling 866-395-1308.
The CWA, and Veracity Insurance, provide general liability insurance coverage through the Outdoor Education and Recreation Insurance Program (ORIP). ORIP is a risk purchasing group organized by Veracity and underwritten by a highly rated insurance carrier Berkley Assurance a member of W.R. Berkley Group in Greenwich, CT. A.M. Best rated our insurance carrier A+ (Superior), XV ($2 Billion or more in statutory surplus and related accounts), with a stable outlook.
The ORIP risk purchasing group places our members in an organized pool together, giving us a much stronger position as a group of members rather than just one facility or gym shopping for insurance individually. In addition, the ORIP has become skilled at underwriting our types of businesses. By combining our insurance purchasing power into one pool, we help to maintain fair rates, stability in our part of the insurance market, and consistent availability. You can find a CWA commercial general liability insurance program application here.
The participant accident medical insurance is available only to current members of the CWA as a member benefit. Veracity Insurance Services has the ability to write accident medical insurance for climbing facilities. The primary insurer for the program is Axis Accident and Health of Princeton, NJ, an A XV rated company (Excellent). Accident medical insurance, unlike liability insurance, is payable without regard to fault and is intended to “make whole” the participant for out of pocket medical costs in the event of an accident. You can find an accident medical insurance form here.
The property insurance program is available only to current members of the CWA as a member benefit. Veracity Insurance has the ability to write property insurance on climbing facilities, wall builders, equipment manufacturers and portable climbing walls. The primary insurer for the program is National Farmers Union, an A- rated company (Excellent). Property insurance provides protection against most risks to property, such as the loss of, loss of use of, or damage to property caused by a covered peril. Examples of perils covered by property insurance might be fire, theft and some weather damage. Property is insured in two ways either “open perils” or “named perils”, our program is an “open perils” program. Open perils programs cover all of the causes of loss not specifically excluded in the policy. Portable climbing walls can be covered in this program, fixed facilities can also be underwritten. You can find a property insurance application here.
The Umbrella/Excess insurance program is available only to current members of the CWA as a member benefit. Veracity Insurance has the ability to write Umbrella or Excess insurance on climbing facilities, wall builders and manufacturers. The primary insurer for the program is Great American E&S Insurance Company, an A (Excellent) rated Company, XIV ($1.5 Billion to $2 Billion). Excess insurance coverage goes into effect only when all underlying policies are totally exhausted, Excess or Umbrella coverage provides additional limits of insurance above your primary coverage. The program can provide up to $30 million in limits.
Veracity Insurance Solutions, LLC.
260 South 2500 West, Suite 303
Pleasant Grove, UT 84062
Toll Free - (866) 395-1308
Direct - (801) 763-1375
Fax - (801) 763-1374
Web Site: www.veracityinsurance.com