Commercial Insurance
We specialize in a wide variety of services and lines of coverage, including:
Alternative Risk Tranfer & Captives
Alternative Risk Transfer (ART) is a means of using techniques other than traditional insurance and reinsurance to provide your business with coverage. As a strategic enterprise risk management process, ART can blend traditional insurance and reinsurance with forms of self-funding.Our team understands every aspect of Alternative Risk Transfer (ART) and every structure available through alternative risk options. This includes markets and regulatory requirements, management, underwriting and loss control in order to identify the best option for your organization and circumstances.
We find solutions that can be tailored to your specific needs, and offer benefits beyond traditional insurance plans, including:

  • Reduced operating costs
  • Investment income and underwriting profit
  • Broader coverage
  • Pricing and coverage stability
  • Direct reinsurer access
  • Improved service
  • Increased control
  • Immediate financial reward for reducing loss
  • Enhanced risk management perspective
  • Fewer regulatory restrictions
Automobile, product liability, general liability, workers’ compensation, unusual exposures – these concerns are often dealt with separately. At Lambent, we view them separately as they relate to specific industries and business needs, but cohesively to forecast losses, market fluctuations and changes in legal and regulatory requirements. Our risk evaluations and assessments are always tailored, so you stay "in the know” about market and regulatory changes affecting their business and how to react to them.
Surety & Commerical Bonds
Cyber Liability
As technology becomes increasingly important for successful business operations, the value of a strong cyber liability insurance policy will only continue to grow. The continued rise in the amount of information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses. In an age where a stolen laptop or hacked account can instantly compromise the personal data of thousands of customers, or an ill-advised post on a social media site can be read by hundreds in a matter of minutes, protecting yourself from cyber liability is just as important as some of the more traditional exposures businesses account for in their general commercial liability policies.
Surety Bonds relieves a project owner of risks of financial loss as a result of liens for unpaid subcontractors and suppliers. They also protect taxpayer money for public projects. Because there are no liens, the transition between contruction of a site and permanent financing is smooth. Surety company can offer assistance such as technical, managerial and financial – to move the project along and reduce the chance of default (project failure). The Surety company arranges for project completion, if the contractor defaults.
Environmental Liability
Fine Arts
Most commercial insurance policies contain pollution exclusions that leave many organizations uninsured against significant loss exposures. To cover these pollution exposures, insurers have developed various types of environmental insurance. The term environmental insurance includes both first-party (property) and third-party (liability) insurance policies whose purpose is to manage pollution-related loss exposures. Environmental liability losses can be incurred through torts, contractual obligations or violations of statutes. The source of liability for environmental losses will most frequently be the actual or alleged release of pollutants, the violation of a law designed to protect human health and the environment from those pollutants, or the enforcement of environmental protection laws that require remediation expense payment.
For those that deal in fine arts and other valuables, inland marine insurance could provide coverage for items typically excluded from a commercial property policy, such as antiques, paintings, statues and fine art collections, jewelry. Items that “float” from location to location or items used for sales presentations that are taken to prospective clients’ offices. This type of coverage is a necessity for goods that are regularly shipped and/or delivered.
Loss Control
Global Risk Managment
Loss control is a risk management process which helps to eliminate or reduce personal or property loss. Losses arising from Workers' Compensation and Liability exposures (an employee who is injured at work; a visitor who slips and falls) can be controlled to a great degree. Employers and their employees must manage the risks in order to prevent property damage and injuries, which in turn helps to control the associated costs. Simply stated, a loss control program should help policyholders reduce claims, and insurance companies reduce losses through safety and risk management information and services.
In today’s globally interdependent environment, risks to businesses, no longer isolated by industry or geography, are becoming complex in nature and global in consequence. Even the most seasoned risk managers find it a challenge to anticipate and respond effectively to the increasingly expansive and evolving threats to their organizations. Therefore, managing and mitigating risk is a necessity for survival, driving a company’s success in this diverse, competitive and fragile marketplace.
Management  Liability
Private Client Services
Insurance that covers exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities (also called "executive liability insurance"). This includes (1) directors and officers (D&O) liability insurance, (2) employment practices liability (EPL) insurance, (3) fiduciary liability insurance, and (4) "special crime" insurance (covering kidnap, ransom, and extortion exposures). These coverages may be written as stand-alone insurance policies or combined into a single, "package" policy. Management liability policy "package" policies usually contain a set of common conditions applying to all of the coverage lines purchased. In most cases, an insured must select a minimum of two types of coverage to be eligible to purchase a management liability "package" policy. This arrangement offers meaningful premium discounts because much of the same data is needed to underwrite employment practices, D&O, fiduciary, and special crime coverages. Management liability "package" policies are usually available only to privately held firms, not-for-profit organizations, and small publicly traded companies (i.e., those with annual sales of under $25 million). Large publicly traded firms generally purchase stand-alone policies.
Receive flexible, customized insurance packages for your needs. Protection is augmented with distinctive services including loss prevention consultations at your home, art collection management and unparalleled personal attention at claim time. At home-protect the unique features of your home from a wide range of circumstances. Automobiles and other vehicles - insure all your vehicles, including collector cars, on one policy at an affordable rate. Excess liability protection - safeguard your assets with broad, worldwide protection and up to $100 million in coverage. Your collectibles - obtain precise coverage for fine art, wine, jewelry, antiques and other collectibles. Yachts and other watercraft- get comprehensive insurance for super yachts, small boats and everything in between.
Property Liability
Your livelihood is dependent on the survival of your business, so it is imperative that you protect it against any potential threat—big or small. For instance, a fire could destroy your business’s warehouse and the contents inside, or a burst frozen pipe could damage important documents and valuable papers. Worse, you could have trouble paying your employees during a loss because your funds are devoted to repairing damage.
If self-insuring is not an option to combat these risks of loss, it is wise to obtain property insurance. This coverage comes in many forms to suit your specific needs. Before purchasing coverage, take a complete inventory of all your business property to determine how much you need to insure. This important step ensures you will have adequate coverage to continue your business in the event of a covered loss.
Terrorist organizations continue to make headlines around the world, and an attack on U.S. soil has the potential to cause catastrophic damage. Even a small-scale incident can cause tens of millions of dollars’ worth of damage across a large area. As a result, you should consider purchasing terrorism insurance to protect your business from terror-related damage. Insurance companies currently offer stand-alone terrorism insurance largely because of the Terrorism Risk Insurance Act (TRIA). Under the TRIA, the federal government shares the financial loss from a terrorist attack with insurance companies. As a result, the companies will not be solely responsible for a potentially monumental financial loss and can safely offer terrorism policies. However, the government will only provide reinsurance under specific conditions that are detailed in the TRIA.
Trade Credit & Political Risk
Worker's Compensation
Political unrest and credit risk headlines are in the news every day, adding to businesses’ global risk management concerns. Lambent's highly experienced underwriting and analytical team helps businesses manage the complex and ever- changing risks of a global marketplace, designing special risk mitigation solutions. Political Risk Coverage - for traditional political risk perils on a stand-alone basis for fixed/mobile assets, equity holdings, shareholder loans, dividends, and lenders’ interests. Trade Credit Coverage - against non-payment by private sector buyers / obligors on single-risk, trade-related transactions including capex financing, pre-export / future flow / tolling and project financing.
There are many ways for you to control workers’ compensation costs for your small business. The most important is to convince your employees that maintaining a safe workplace is vital and will consequently reduce your insurance costs. Here are some other ways to control costs: Implement a return-to-work policy in which employees work modified duty until they are fully healthy to do their jobs. Understand the elements that contribute to your workers’ compensation costs. Your classification codes, experience modification, company growth and company acquisitions can all affect your premiums. It is vital that you understand the impact that each brings to your overall pricing. Orient and train your employees on safe practices necessary for their job functions and tasks. Once training is complete, ask new employees to sign an agreement confirming that they understand company safety procedures. Insist that employee claims are reported promptly, as statistics reveal that for every week that a claim goes unreported, the cost can increase as much as 50 percent. Investigate the cause of injuries and illnesses. While one injury may be behind you, others will take its place unless you do something to reduce the chance of the incident occurring again. Also, ask the injured employee how the situation could have been prevented.