The product, designed specifically for condominiums and townhome homeowners’ associations (HOAs), is the first offering from Venbrook’s newly formed Specialty Product Group.

Amid rising challenges in California’s commercial property insurance market – driven by natural disasters, regulatory constraints, and reduced carrier capacity – this product provides much-needed coverage options for a historically underserved segment. The new product, underwritten by A+ rated carrier DB Insurance, offers protection tailored to the needs of condo and townhome properties throughout the state.

The policy is available on an admitted basis and includes liability coverage of $1 million per occurrence and $2 million aggregate, medical payments of $5,000 per person, business income coverage on an actual loss sustained (ALS) basis, and extended replacement cost coverage up to 125%.

“We are thrilled to partner with DB Insurance Company and bring an admitted, A+ rated carrier to fill the capacity needs of commercial property residential owners in California,” said Jason Turner, Founder and CEO of Venbrook Group. “For many reasons, there is a hole in the market. This product is a lifeline for this segment.”

The Specialty Product Group, which will be led by Executive Vice President Bryan Meyer, is part of Venbrook’s broader strategy to develop tailored programs for the Construction and Real Estate sectors. The new division will focus on delivering innovative, market-responsive solutions as risks evolve and traditional insurance options become increasingly limited.

“We are very happy to work with Venbrook on this much needed product,” said Jimmy Bae, LA Branch Manager for DB Insurance. “This is a win for the marketplace.”

The launch marks a significant step for both Venbrook and DB Insurance in addressing California’s insurance capacity crisis and offering viable, high-quality coverage to residential property owners navigating an increasingly difficult market.