April 20, 2009 Live Asset Insurance forms new relationship with Tanenbaum-Harber, Co Inc.

Live Asset Insurance and Tanenbaum-Harber Co. Inc www.tanhar.com, ranked among the top 25 largest Insurance /Risk Management firms in the country, have joined to offer the nation’s most unique property policy insuring trees, shrubs, annuals, perennials and vines. Live Asset Insurance is the only private “crop insurance” product endorsed nationally by ANLA, American Nursery Landscape Association www.anla.org. Policies are written exclusively through Live Asset Insurance either directly with clients or through approved brokers in 19 states. Live Asset Insurance began in 2007 in response to inadequate insurance for living plant material destroyed by extreme weather events.

David J. Teed, CIC Managing Director of Live Asset Insurance www.liveassetinsurance.com states; “We are pleased to join the T&H Group, and we look forward to benefiting from their size, strength and unparalleled back-office support. Currently crop brokers, insurance carriers, program administrators, farm managers, insurance associations, nurseries, greenhouse growers, vineyards, golf courses, timber trusts, lenders, brokers, agents, CPA’s and many other sources secure our insurance for their clients. Insurance on trees, shrubs, vines, annuals and perennials; with replacement limits up to $10,000,000 for freeze, fire, wind, hail, lightning, flood, weight of ice and snow, theft, vandalism, and other perils, is unlike any other product in the marketplace. No private insurance source offers broader perils or higher limits, or has a more experienced team of arborists, horticulturists, floriculturists, viticulturists or foresters in the field than Live Asset Insurance.”

Live Asset Insurance also enjoys an exclusive relationship with HMI, Horticultural Asset Management www.hmiadvantage.com, who offers inspection, appraisal, valuation and claim support services. Doug Cowles, HMI’s President and CEO states;” We are thrilled to be supporting Live Asset Insurance and believe that the T&H Group relationship will significantly enhance the program. HMI’s proprietary valuation system and expert field network were designed to support Live Asset Insurance, by providing a “Kelly Blue Book” standard for valuing trees, shrubs, vines, annuals and perennials for their replacement value and health condition.”

“HMI’s database consists of replacement values of over 750,000 different plant materials and remarkably, they have the ability to determine the health condition of each listed item. This information allows Live Asset Insurance to provide the “green industry” with an insurance policy that provides real protection against extreme weather events.”  

For more details contact:

David J. Teed, CIC
Managing Director
Live Asset Insurance
www.liveassetinsurance.com
dteed@liveassetinsurance.com
800-644-0178