Vault Commercial

Protecting Your Business.
Safeguarding Your Assets.
Unlocking Your Potential.

Protecting Your Business

You’ve crafted a remarkable business with complex risks to consider. We’re here to ensure your business insurance is tailored to it. Vault Commercial provides insurance for commercial customers, adding color and customization to your business policy to fit your unique needs.

Combination Specialty Underwriters

We utilize our own in-house Managing General Agent (MGA), Combination Specialty Underwriters (CSU), to develop and underwrite specialty coverages on behalf of Vault E&S Insurance Company or other third-party partners. Vault and CSU are licensed to underwrite nationwide.

Flexible Options

Distribution flexibility tailored to our customer’s needs, including:

  • Appointed brokers transacting directly with Vault E&S Insurance Company or Combination Specialty Underwriters.
  • Supporting third-party MGAs, underwriting on behalf of Vault E&S.
  • Providing reinsurance support for specialty insurance portfolios.


To learn more about Vault’s commercial capabilities, please have your insurance broker contact Vault:

James Enelow

Vault Commercial at a Glance

  • Coverage available for US-domiciled businesses
  • Specialists in complex risks that often require craft underwriting
  • Vault is rated A- (Excellent) by AM Best
  • $5M total capacity
  • Proprietary underwriting technology for superior service
  • Primary or Excess depending upon product and/or risk characteristics

Our Products

Coverage may vary by risk and situation.

Directors & Officers (D&O) Coverage

D&O policies protect business leaders from losses in the event of a suit arising from their decisions while serving as a director or officer of business.

Errors & Omissions (E&O) Coverage

E&O, or professional liability coverages, provide protection for practitioners and businesses from lawsuits resulting from a mistake, negligence, misrepresentation, errors or omissions while providing a professional service.

Media Liability Coverage

Media Liability coverage protects media firms and other businesses, such as broadcasters, influencers, and publishers, from allegations of defamation, copyright infringement, libel, or other related claims.

*  Not all products and services may be available in all jurisdictions and the terms and conditions of all products are subject to the applicable policy language.


Fortress: Family Office Insurance

Family offices are often complex, requiring specialized coverage. Fortress offers broad protection for a variety family office exposures, including: D&O, E&O, Employment Practices and Fiduciary Liability coverage.

Fortress by Vault Commercial provides broad coverage for the complex risks of family offices. We designed our product to provide superior, customizable coverage tailored to the needs of your business.

Fortress: Family Office Insurance

Industries We Cover

Not all-inclusive

  • Advertisers/Publishers
  • Business Brokers/Managers
  • Claims Adjusters
  • Family Office/Wealth Managers
  • Franchisors
  • Insurance Agents/Brokers (mid-to-large size) – Excess Only
  • Law Firms (minimum 20 attorneys)
  • Marketing Consultants
  • M&A Consultants
  • Media/Sports/Entertainment
  • Payroll/Benefit/TPAs
  • Portfolio Companies (Private Equity)
  • Property Managers
  • Staffing Agencies
  • Trustees (non-beneficiary)

The Vault Commercial Difference

Unlocking Value for Our Commercial Customers

Decades of Experience

Our senior leadership and underwriting team have unparalleled expertise and years of industry underwriting experience. We’ve hired best-in-class professionals relentlessly focused on delivering customized solutions for our customers and partnering with their brokers.

Exceptional Service

We are committed to providing an exceptional experience with thoughtful solutions. We prioritize fast turnaround on submissions so you have the coverage you need, when you need it.

Technology Enabled

We developed a proprietary, state-of-the-art technology platform that allows us to deliver superior servicing capabilities for our customers.

Managed Distribution

We partner with trusted brokers and agencies who have showcased their proficiency and exceptional quality of customer service that match our own.

Our Team

Scott Carmilani
Executive Chairman & Chief Executive Officer

Scott previously worked at AIG from 1987 to 2002, where he held a series of underwriting and management positions. In early 2002, he moved to Bermuda to oversee and manage AIG’s investment in Allied World (AWAC). Scott became President in 2004, then added Chief Executive Officer in 2005, ultimately becoming Chairman, President, and CEO until Allied World was acquired in 2017 by Fairfax Financial Services. He then assumed the title of President of Strategy & Distribution for the Fairfax Insurance entities until he retired in 2020.

Reza Khan
President of Commercial Lines

Prior to joining Vault, Reza served as CEO of Ryan Specialty Group MGUs with a focus on financial lines (Cyber, D&O, and E&O). Before RSG, he led Allied World’s Programs division. Earlier in his career, he held executive underwriting, distribution, and marketing positions at several U.S. MGUs and insurers.

James Enelow
Executive Vice President & Chief Growth Officer

Jim Enelow is Chief Growth Officer for commercial business at Vault and Combination Specialty Underwriters. In this capacity he leads the company’s commercial strategies related to customers, distribution and marketing. Prior to his current responsibilities, Jim served as Executive Vice President at Acrisure LLC, where he led the firm’s market management strategy as well as Acrisure’s field team of regional growth leaders. Jim was also responsible for implementing Acrisure’s Industry Centers of Excellence.

Denise Dionese
Executive Assistant/Office Manager

Denise Dionese is an Executive Assistant at Vault Insurance. Prior to joining Vault in 2021, she was the Vice President of Operations at South Florida Sod Farm. Denise previously was the Office Manager and Executive Assistant for the Golf Course Superintendent at Palm Beach Country Club for 23 years.

Alex Gargano
Senior Vice President, Underwriting E&S

Alex Gargano, as Senior Vice President, Underwriting E&S, Alex works with the executive leadership team to execute our Underwriting & Marketing strategy across our insurance company and MGA platform. Alex has over 30 years of experience in the insurance industry in a variety of Underwriting and Marketing senior positions. Prior to his current role, Alex spent 10 years as the Senior Vice President / Eastern Zone Executive for AIG’s Private Client Group. He directly managed the effective delivery of personal insurance products and services to high net worth individuals through an independent network of brokers.

Cate Rooney
Vice President – E&O

Cate Rooney joined Vault Commercial in June 2022 as Vice President — E&O. Cate joined from data analytics/insurtech MGA SpottedRisk and has 16 years of experience in professional and cyber liability underwriting and product management roles at major insurance carriers. Prior to SpottedRisk, Cate was Executive Underwriter, Executive Risks at Crum & Forster, wholly owned subsidiary of Fairfax Financial Holdings Limited. There, she was instrumental in re-launching the company’s Cyber and Technology Liability products, leading efforts in the Midwest territory to market the Crum & Forster Executive Risk group as a premier all-lines executive and professional lines market.

Seamus McCarthy
Assistant Vice President – E&O

Seamus McCarthy joined Vault Commercial in March 2023 as Assistant Vice President – E&O. Prior to Vault, he joined the Crum & Forster team focused on Lawyers Professional Liability as an underwriter. During his 10 years with Crum & Forster, he helped to develop several tools and processes to streamline the underwriting and management process while also helping to expand the group’s presence in the competitive LPL market.

Austen Tieri
Underwriting Manager – D&O / Financial Lines

Austen Tieri is currently an Underwriting Manager for Vault and Combination Specialty Underwriters. Prior to joining Vault, he served in various capacities at AIG across Private/Public Directors & Officers, Cyber, Employment Practices, and Professional Liability product lines. He started his career at AIG in the Financial Institutions group and later transitioned to the Commercial team where he was responsible for covering both transactional and renewal business for public companies.

Patrick McGovern
Senior Claims Coordinator

Patrick McGovern is the Senior Claims Coordinator at Vault Insurance. Before joining the Vault team, he provided his services as a Claims Specialist at Aon Affinity. He held a variety of positions while working for their Travel Insurance department. Patrick has over a decade of successful experience in specialty insurance coverage. While working with the leading provider of travel insurance in North America, he performed a broad range of tasks, focusing on ensuring client requirements.

Adam Jay
Product Director

Adam brings to Vault over 12 years of insurance experience in project management, marketing, product execution, and overall management of an insurance product’s life from conception to fruition. Previous roles include P&C underwriting and portfolio management at Bass Underwriters, where he created strategies to drive agency engagement, production and portfolio performance. Adam also has experience building first-class policy admin systems by setting clear channel strategies and driving project execution and implementation as Director of Product and Business at Insurance Technologies.

Muhammet Sivri
Solutions Architect

Muhammet brings to Vault over ten years of experience in developing technology solutions, engineering policy admin systems, modernizing operational infrastructure, and implementing efficient workflows. Muhammet’s policy admin and portfolio management systems cover the complete policy life cycle and are in use by leading insurance companies such as RLI, Bass Underwriters, JustE, and Gridiron Insurance Underwriters. Previously as Software Director at Insurance Technologies, Muhammet has directed large teams of software engineers and successfully spearheaded the automation of applications including commission management, broker management, and state-tax compliance solutions.


To learn more about Vault’s commercial capabilities, please have your insurance broker contact Vault:

James Enelow