My New Markets
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Brokerage Property
Market Detail: Maximum has wholesale access to more than 50 markets and is licensed in 50 states with both brokerage and underwriting facilities available. Industry expertise includes: construction, energy, gaming, healthcare, habitational, manufacturing, real estate investment trusts (REITs), real estate and vacant buildings.
Available limits: Minimum $25,000, maximum $1.5 billion
Carrier: Various, admitted and nonadmitted available
States: All states
Contact: Leanna Rak at 312-559-9343 or email: leannar@maxib.com
Affordable Housing
Market Detail: Hai Group offers an affordable housing insurance program with an “A” rated, admitted carrier designed for commercial multifamily apartment risks with portfolios containing at least 20 percent subsidized or low-income housing. Coverage is available for property and general liability. The program is targeting accounts with more than 200 units and favorable performance. Coastal properties have wind restrictions. This is not a market for student housing, construction, substandard risk (such as vacant buildings). The portfolio may not contain assisted living, restaurants or significant commercial exposure (office exposure acceptable). Am agency contract and appointment are necessary.
Available limits: As needed
Carrier: Housing Enterprise Insurance Company
States: All states except Alaska, Fla., Hawaii, and N.Y.
Contact: Roque Orts at 203-272-8220 or email: rorts@housingcenter.com
Cyber, Privacy & Data Breach Insurance
Market Detail: ProWriters‘ has a new cyber/privacy program for accounts with less than $100 million in revenues. Quotes can be turned around same day. Coverage features include: limits of $500,000, $1 million and $2 million available; coverage available for risks up to $100 million in revenue; retentions available ranging from $5,000 to $25,000 — scaled based on revenues; full limit for breach notification costs, with an option for breach costs outside the limit; full limit for computer forensics; and duty to defend policy. Also available: coverage for breach of contract claims, including those under a payment card processing or service provider agreement; coverage for regulatory actions, including investigations by the federal trade commission (FTC) or state attorneys general, as well as coverage for civil penalties (where allowed), and compensatory awards such as consumer redress funds; $25,000 of PCI fines coverage and PCI remediation coverage included at no additional premium. Additional coverages can be added including: multimedia liability; hacker damage; cyber business interruption; and cyber extortion.
Available limits: Minimum $500,000, $10 million
Carrier: Unable to disclose, admitted and nonadmitted available.
States: All states
Contact: Brian Thornton at 484-321-2335 or email: brian.thornton@prowritersins.com
Non-Medical Miscellaneous E&O
Market Detail: Healthcare writer Proassurance Mid-Continent Underwriters has the ability to underwrite professional liability for nonmedical related risks. Coverage is claims-made with the option to add contingent bodily injury/property damage. The policy is worldwide and key classes include consultants, home inspectors, title agents, associations, medical billing and collection agencies.
Available limits: Minimum $100,000, Maximum $2 million
Carrier: Unable to disclose, admitted
States: Lloyd’s
Contact: Customer service at 713-965-6900
Environmental
Market Detail: Breckenridge Insurance Services covers a range of considerations with tailored coverage for even the most challenging environmental risks. Target classes include: above and underground tanks; airports; asbestos, lead and mold abatement; chemical risks; contractors (across the board); fire and water restoration contractors; golf courses; hazardous waste transporters; hotels, motels and resorts; laboratories and testing firms; main street stores; manufacturers and distributors; onsite cleanup; public swimming pools; recycling facilities; repair garages; restaurants; tank inspection contractors and removal companies; and waste treatment facilities.
Lines of business include: commercial auto liability; commercial excess liability; commercial general liability; contractors pollution liability (job specific); environmental liability; lender environmental liability; products pollution liability; professional liability; site pollution liability; storage tank liability; and workers’ compensation. Submission requirements include: Acord forms; supplemental application; and five years currently valued loss runs.
Available limits: As needed
Carrier: Unable to disclose, admitted and nonadmitted available
States: All states
Contact: Breckenridge Insurance Services at email: partner@breckis.com