Velocity Insurance Group is based at Suite H503 on 6300 Sagewood Drive in Park City, UT 84098. The company offers aviation insurance, property and casualty insurance, workers’ compensation insurance, and other policies in the niche. The root of the insurer is in aviation, but it has since diversified to offer commercial property and casualty insurance along with workers’ compensation policies. They can be reached through email@example.com and contacted at (435) 252-3565 or (555) 555-5555.
History of Velocity Insurance Group
The company has decades of experience and specializes in customized service. It has offered insurance policies to companies based across the country and around the world. Its innovative solutions in the niche have carved out and consolidated its market share. The insurer is known for its reliable and efficient customer service and relevant coverage for distinct. The company stresses the importance of extensive consultation at the outset so they can understand the unique needs of every client and accordingly provide the best-suited policy.
Rodney Ritter is the president at Velocity. He has held several senior management positions in different aviation companies. With an experience of more than twenty-five years in aviation that straddles aircraft leasing, financing, airline equipment, and corporate aircraft management, Ritter is one of the key influencers of policies at the company. Ritter has been a director of finance & risk management for one of the largest commercial helicopter operators in the world. He has managed financing for significant aviation companies. In addition, he has firsthand experience in handling insurance for a regional airline, helicopter logging, aerospace parts manufacturing, workers’ compensation, and more.
Richard Breza is the vice president. He has been associated with an aviation insurance brokerage for many years. He has an extensive but unique network of connections that enables him to devise relevant solutions for the clients of Velocity. Breza has been instrumental in handling different types of claims and contract reviews. He excels in understanding the demands of the aviation sector, from fixed-based operations to repair or overhaul, maintenance, and different types of operators.
Colleen Yoemans is the finance manager at Velocity. She has more than twenty-five years of experience in the aviation sector. However, finance and accounting are her forte. She specializes in business analysis, budgeting, accounting, finance, tax, treasury, and auditing. Yoemans also has acted as the liaison between the accounting and operational departments. Jodee Morgan is the senior aviation account manager. She comes from a family that owned and operated one of Utah’s largest and most successful aircraft charters. She worked for the company at the start of her career and gained exposure to insurance. She began her journey with Velocity as a team leader and has since honed several specializations in aviation insurance.
Products of Velocity Insurance Group
Velocity offers aviation insurance. It has general aviation clients. The plethora of policies is commercial, primarily insurance solutions. The insurer also serves as a consultant and broker for clients, assisting them to understand their unique needs and accordingly choose the most comprehensive policy while keeping the premium in check. The consultants at Velocity are capable of finding innovative solutions. This sets them apart from other insurance companies, agents, or brokers in the aviation sector. Velocity has distinct coverage areas, including rotor wings, fixed wings, airports, fixed-based operations, manufacturers, lessors, financial institutions, and corporate entities.
Velocity offers property & casualty insurance. Its clientele includes aircraft management companies owning and operating facilities worldwide, from vans transporting skiers to mountain resorts and personal hangars to local restaurants. Commercial property and casualty insurance is an imperative need for businesses in most industries. Velocity has personalized solutions for such clients. There is a vast range of products, and the policies are not limited to aviation. The consultants at Velocity excel at assessing the liability limit and can suggest appropriate exposures to protect corporate and individual assets.
The areas of coverage for such commercial property and casualty insurance policies include commercial property, commercial auto, general commercial liability, inland marine, the liability of officers and directors, excess liability or umbrella policies, employment practices liability insurance, professional liability, errors and omissions liability, boiler and machinery, medical malpractice, crime, pollution liability, workers compensation, bonding, trade credit, political risks, ocean marine, cyber liability, flood, earthquake, wind, products liability, cargo liability, course of construction, contractors liability, hangar and over the road fuel truck.
Workers’ compensation policies at Velocity are also customized. All clients get to consult with the experts and choose the best possible program, depending on the company’s size and the risks a workforce is exposed to. The consultants at Velocity Insurance Group have expertise in assessing all types of threats and can comfortably manage the analysis of multimillion-dollar operations. As a result, Velocity can limit the risks, maximize cash flow and help clients secure the maximum discounts or credits on specific policies.
There are many types of programs for workers’ compensation, including guaranteed cost, retrospectively rated policies, large deductible solutions, and divided risks. The type of available coverage includes employers’ liability, such as stopgap coverage, voluntary compensation, and blanket waiver of subrogation. There is coverage across states and on foreign shores. In addition, there are policies with maritime acts coverage. These include Longshore and Harbor Workers Compensation Act coverage, Outer Continental Shelf Lands Act coverage, Defense Base Act coverage, and Federal Employers Liability Act coverage. Loss limitation options include occurrence stop loss and aggregate stop loss.
Velocity specializes in aviation insurance, commercial property & casualty insurance, and workers’ compensation. The consultants and agents are deft at handling all risks and potential claims. The policies are chosen based on the needs, so the coverage is unique for a given scenario. All clients get to select customized policies. Negotiations in the clients’ best interest can secure reasonable premiums for a holistic range. Velocity has strategic partners to simplify the quest further and assist clients in finding the best insurance policy.
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