A Sparta car insurance review reveals many other types of coverage in addition to car insurance. Plus, there is a unique purpose for the creation of Sparta Insurance Company. Sparta was formed in 2007 and stands for Specialty Programs And Risk Transfer Alternative.
Headquartered in Hartford, CT, Sparta has been rated by A.M. Best as excellent. Sprata’s surplus ranges from $250-500 million annually and they have underwriting capabilities in all 50 states.
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Sparta only works with specific classes of businesses when it comes to providing products and services. These classes are retail, transportation, wholesale, habitation (apartments and condos), service, hospitality (hotel, motel, and restaurant), light manufacturing, and light trade contracting (electrical, commercial, and mechanical). The classes of business, along with how their products are produced, help Sparta to determine the assigned risk of the company.
Products available for these classes of business include commercial auto, garage, crime, glass, inland marine, general liability, truckers, commercial property, equipment breakdown, workers compensation, and umbrella coverage policies. When deciding coverage amounts, Sparta takes into consideration the state and local regulating laws of the class of business. They can write liability coverage for $1 million to $5 million.
For companies who handle their own claims, Sparta also offers Claims Administration. They will handle your clients’ claims from the filing through to the resolution. This includes any litigation and investigation that needs to take place in the processing of the claim. Everything is handled through a state-of-the-art online program designed for customers who don’t have a lot of time to spend on claim services.
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