New Markets

Yacht and boat coverage in Calif., Ariz.Nuts & Bolts: Abram Interstate Insurance Services Inc., Rocklin, Calif., is offering a standalone watercraft program for boats and yachts of all sizes, up to 15 years old. Coverage includes physical damage on hull, additional personal property coverage, and uninsured boater coverage.

Dollars: Liability limits are $100,000 to $500,000. Physical damage is based on market value, actual cash value and agreed value. Minimum premiums depend on boat type and range from $125 to $175. Blanket endorsement coverage for fishing equipment and personal watercraft is available.
Carrier: A preferred, admitted carrier, rated “A,” XV.
States Available: Arizona, California
Contact: Pam Sirola at (916) 780-7000 or pams@abraminterstate.com. Web site: www. AbramInterstate.com.

Online rating program for personal umbrella in CaliforniaNuts & Bolts: G.J. Sullivan Co. has launched an online rating program for personal umbrella policies in California. The platform will allow the company’s agents to register, rate and bind business. The company’s agents can access a rating tool giving them an immediate indication of premium. The guidelines are flexible on number of rental units, and there are no restrictions on the number of vehicles.
Dollars: Policy limits are from $1 million to $5 million. Uninsured motorists coverage of $1 million is available. No self-insured retention. Policy contract is “pay on behalf of.”
Carrier: Navigators Insurance Co., admitted, rated “A,” VIII.
State Available: California
Contact: Mary Nyquist (714) 621-2396. E-mail: nyquistm@es.gjs.com. Web site: www. gjsullivan.com.

Social services directors & officersNuts & Bolts: Irwin Siegel Agency Inc., a Rock Hill, N.Y. specialty program underwriter, has a directors and officers liability insurance program to complement current social service packages for most classes of business. It can be an ancillary policy or a stand-alone policy. The D&O Program with EPLI Plus includes EZ Renewal (when there are no changes or losses). Some insureds may be eligible for a two- year policy to be billed annually with a second- year 5 percent premium discount. Coverage endorsements are available for Employed Lawyers Professional, Fidelity and Crime Coverage, Fiduciary Liability, and Internet Media Liability. The program will be distributed through independent agents and brokers.
Dollars: Limits up to $5 million; deductibles start at $1,500; no minimum premiumCarrier: AIG
States Available: All except Hawaii
Contact: Matthew Turi (800) 622-8272 ext. 5138. E-mail: matt.turi@siegelagency.com

Condominium Associations
Nuts & Bolts: Philadelphia Insurance Companies is broadening the eligible classes for its condominium product to include office park condominium complexes. Available coverages include property, general liability, automobile, garagekeepers and umbrella. Large in-house property capacity allows the company to write virtually any condominium property exposure that meets its underwriting standards. Acceptable classes include office condominiums with an occupancy rate of at least 80 percent, and area used as office space of at least 75 percent. Other underwriting criteria and restrictions apply.
Dollars: General limits up to $1 million/$3 million are available. Umbrella liability limits of up to $1 million are available.
Carrier: Philadelphia Insurance
States Available: All
Contact: www.phly.com