Halwell Prime

What is Halwell Prime?

Up until now, we have been using two forms: Additional Agreements, and Commercial Extension. To simplify, and to create something amazing, we’ve created HALWELL PRIME! Halwell Prime is the best of both forms, and was guided by feedback from our Broker Council and our own research. We’re proud to say that we’ve created an extension that is not only more competitive, but also provides better coverage.

What is Halwell Prime replacing and when?

It will be replacing both our old Additional Agreements endorsement and our Commercial Extension. 

For policies with the old Additional Agreements, it will be read in as of February 26th, 2020. We will also be quoting new business that day.

For policies with Commercial Extension, it will be added upon renewal, starting with May 1st, 2020 renewals. 

Where is it included?

Halwell Prime will be included in all of our commercial packages (except for our Church and Contractors packages). But you can add it to any commercial policy for $200!

Why is it better than the old Additional Agreements?

Straight across the board, Halwell Prime is simply better than our old Additional Agreements. Here are some reasons why:

  1.  Aggregate limit of $100,000 as opposed to set limits per coverage
  2. Additional Coverages have been added:
    • Comprehensive Dishonesty, Destruction & Disappearance (3D Crime)
      • Employee Dishonesty – $5,000
      • Money & Securities – Inside – $5,000
      • Money & Securities – Outside – $5,000
      • Money Orders & Counterfeit Currency – $5,000
      • Depositors Forgery Coverage – $5,000
    • Exhibition & Trade Show Extension (aggregate limit available)
    • Rental Equipment (aggregate limit available)

Why is it better than the old Commercial Extensions?

There are many things about Halwell Prime that are superior to our old Commercial Extensions. Check them out:

  1. Limits are higher (on all but 1 extension, Exterior Glass Coverage)
  2. Some time periods are extended (Newly Acquired Location – 60 days as opposed to 30)
  3. Additional Coverages – Reward, Rental Equipment, 3D Crime Coverage
  4. Co-Insurance Waiver is broader than the Co-Insurance Clause found in the Commercial Extension Endorsement

However, there are also a few drawbacks to make note of:

  1. Sewer Back-Up Coverage is not included with Halwell Prime (and it was included with Commercial Extensions)
  2. Exterior Glass – coverage is limited to $100,000 aggregate limit on Halwell Prime.

Click below to download the Wording: