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Authorized Lines of Business

SPARTA has a selective and disciplined underwriting approach exclusively focused on unbundled program business for its main commercial lines of business:  Auto Liability and Physical Damage, General Liability, Property, and Workers Compensation.  Package, BOP, Inland Marine, Equipment Breakdown, Garage, Truckers, and Crime policies are also available.  Preferred policy limits of coverage offered is up to $1 million with statutory limits for workers compensation and limits up to $5 million considered for property.  

The characteristics of a typical program include established programs with risks more homogeneous than heterogeneous, in a geographical area more regional than national, and with target insureds in industries that present less severe hazards.

Typical classes of business that fall within SPARTA’s underwriting appetite include

• Retail
• Wholesale
• Service
• Light Manufacturing
• Light/Medium Contracting
• Hospitality
• Habitation
• Transportation

Unbundled Products

SPARTA's business model includes products and services that are provided on an unbundled basis. The services provided in a standard commercial insurance product such as claims handling and loss control are "unbundled" to qualified third-party vendors whose services are purchased subject to competitive bidding. Unbundling allows customers to separate the purchase of an insurance policy from the purchase of related services, yielding greater focus, control, and cost transparency.

SPARTA's management has unmatched industry depth in executing the unbundled model which inures to the benefit of its customers.

Product Structure

The Company offers products through two structures

• Alternative Risk Transfer ("ART") providing program level risk sharing through captive reinsurance
• Specialty insurance programs ("Specialty") whereby the risk is fully retained by SPARTA with risk sharing via a sliding scale

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