New Markets

Course of Construction Builders Risk Program

Nuts & Bolts: Builders and Tradesmen’s Insurance Services launched a national Course of Construction/Builders Risk program in the following states: California, Arizona, Oregon, New Mexico, Idaho, Utah, and Washington. The program can be accessed at www.cocins.com. The program will pay 12.5 percent commission, which is 2.5 percent higher than one of the leading national builders risk programs.

Dollars: Deductibles are $1,000, $2,500, $5,000 or $10,000. Minimum premiums for protection class 1-7 is $250, and $325 for protection class 9-10. Limits go up to $2.5 million.

Carrier: Underwritten by Quanta Capital Holdings Ltd. through Quanta Indemnity, rated “A-” VII A.M. Best, admitted.

States Available: Nevada California, Arizona, Oregon, New Mexico, Idaho, Utah, and Washington. Expanding to Colorado, Texas, Arkansas, Tennessee, Illinois and Georgia. By the end of the year Virginia, North Carolina, Minnesota, Wisconsin, Ohio, Michigan, Pennsylvania, Indiana, Missouri and South Carolina will also be available.

Contact: Paul Hohlbein, (877) 649-6682 or phohlbein@btisinc.com. Web site is www.cocins.com.

Wholesale Distributors

Nuts & Bolts: BISYS Specialty Programs, a division of BISYS Commercial Insurance Services Inc. launched a wholesale distributors program aimed at small to mid-sized wholesale distributors transporting their own non-hazardous, durable and non-durable to the retailer or other supplier. Coverages include commercial property, general liability, auto liability and physical damage, cargo, crime, umbrella and workers’ compensation. Targeted accounts include up to 60 power units, and larger accounts are considered.

Dollars: Auto liability up to $1 million CSL, GL limits $1 to 2 million, cargo/inland marine up to $100,000 and crime up to $2,500. Deductibles vary by line of coverage. No minimum or maximum premium.

Carrier: Lincoln General Ins. Co., rated “A-” (excellent) by A.M. Best, admitted.

States available: All except Alaska and Massachusetts.

Contact: Terry Stevens, (800) 444-8474.

Occasional International Business Travel

Nuts & Bolts: ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, expanded its insurance products to offer additional coverage for companies doing business overseas. The International Advantage Express Policy offers streamlined coverage designed and priced to address the insurance needs of companies with short-term, occasional business travel outside the United States.

Dollars: Limits and deductibles vary by coverage.

Carrier: ACE American Insurance Company, admitted.

States Available: All.

Contact: Alfred Bergbauer, (302) 476-6612 or alfred.bergbauer@.ace-ina.com, www.aceadvantage.com.

Identity Recovery

Nuts & Bolts: Trident Insurance Services LLC, a wholly owned subsidiary of Argonaut Group Inc. extended its Identity Recovery Coverage-first offered to its public entity customers in April 2005-to college and university customers. For colleges and universities, the coverage protects faculty, employees and students. Identity theft is America’s fastest growing crime with half of the publicized incidents of data breach since January 2005 occurring at universities, according to the San Diego-based Identity Theft Resource Center. Trident’s coverage provides college and university customers a cost effective method of minimizing damage by combining identity theft insurance with a concierge service to assist identity theft victims in restoring their credit history and identity records. Trident’s coverage both reimburses victims for costs incurred to resolve problems resulting from identity theft and assists the claimant through the challenging and time consuming effort of recovering credit and identity.

Trident has partnered with The Hartford Steam Boiler Inspection and Insurance Company, a part of HSB Group Inc., a wholly owned subsidiary of American International Group Inc. for coverage.

Carrier: Colony, fully reinsured by HSB, nonadmitted.

States Available: All.

Contact: Louis Verdile, (877) 474-8808 or (210) 488-3063.