New Markets
New Markets
Nuts & Bolts: Excess & Surplus Lines Insurance Brokers Inc. is placing EPLI with or without third-party liability. Policies can be written monoline or as part of the directors’ and officers’ or partnership liability. Both new ventures and long-established firms need this coverage to adequately protect assets. No account is too small or too large. The commission is higher than the average normally paid for EPLI coverage or D&O with EPLI.
Dollars: Policy limits range from $250,000 to $25 million. Deductibles and premiums vary.
Carrier: Four different insurers rated “A,” non-admitted.
States Available: California, Arizona and Hawaii.
Contact: Rebecca Banks at (818) 990-8860 ext. 204.
Technology Related Services
Nuts & Bolts: SIU LLC is offering new general liability and property products for technology-related service entities, including: computer consultants or programming; computer programming services; staff augmenters/IT staffing; government and defense contractors; computer data processing time-sharing; computer data processing operations; information retrieval services; computer processing and data preparation and processing operations; telecommunication service providers; and passive non-critical technology manufacturers. No professional liability is required to be in force. A technology products and technology services exclusion applies. Occurrence coverage, $1 million/ $2 million limits available. The coverage can be packaged with the property and inland marine coverages. Dollars are $500 minimum premium for monoline general liability, or $750 with property/inland marine.
Dollars: Policy limits are $1 million/ $2 million. Deductibles are $500, and the minimum premium is $500.
Carrier: Maxum Indemnity rated “A- VII,” non-admitted.
States Available: California.
Contact: Bruce Rinehart (818) 547-1333 ext.24.
Garage Program
Nuts & Bolts: Yates & Associates Insurance Services is offering a new garage program targeting new and used car dealers, private passenger auto repair shops, RV dealers and repair, motorcycle dealers and repair, gas stations with auto repair and convenience store, auto body and paint shops, auto stereo and alarm installers, full service car washers, auto detailers, new tire dealers, trailer dealers, wholesaler auto dealers and brokers, valet parking, heavy truck dealers and repair, impound yards and public livery repair.
Dollars: Miscellaneous coverages are offered, with additional insureds and waiver of subrogation, broadened coverage (includes personal/advertising injury and $50,000 fire legal), drive away radius extension up to unlimited. The radius, fire legal liability limit is up to $300,000. The hired auto coverage limit is up to $1 million. The medical payments coverage limit is up to $5,000. And the personal injury liability limit is up to $1 million.
Policy limits for garage liability are up to $1 million /$2 million; Uninsured and underinsured motorist limit is up to $1 million; GKLL limit is up to $1 million per lot limit/$150,000 per vehicle limit.
Carrier: Rated “A-VII,” nonadmitted.
States Available: California.
Contact: Michael Tahan, (800) 660-1125 ext. 251.