New Markets

Employment Practices Liability
Nuts & Bolts: Rockwood Programs has announced significant changes to its existing employment practices liability insurance policy. The enhanced coverage form was made available to all jurisdictions with the exception of California on April 17, 2006. Among the changes implemented: inclusion of legal expense coverage for wage and hour claims, subject to a sub-limit; removal of failure to comply, major stockholder, and dishonest acts exclusions; addition of a “soft hammer” provision with a 50/50 insured/insurer split; definition of “employee” expanded to include independent contractors and leased employees under the direction of the insured; defense cost outside of and equal to the limits of liability, with certain restrictions.

Dollars: Minimum premiums start at $1,250. There is a wide range of liability limit and retention options available. Policyholders are given exclusive access to a broad array of loss control tools available via the Internet. The online service provides step-by-step Human Resources procedures, recommended policies, training programs, and employee handbook templates.
Carrier: Avemco Insurance Company (AIC), an affiliate of HCC Holdings Inc. All companies represented are rated “A” (Superior) or better by A.M. Best.
States: All except Alaska, California and Washington.
Contact: Thomas Caputo, (800) 588-8808, www.rockwoodinsurance.com.

Printers’ Errors & Omissions
Nuts & Bolts: Hartford’s new printers’ errors and omissions coverage form pays the insured’s legal liability for an economic loss resulting from a negligent act, error or omission in connection with printing services performed by the insured. Printing services errors are usually found in copy (words, pictures), printing (color, placement), assembly and distribution of material. The basic E&O policy covers: cost to recover work containing errors; cost to correct the work of subcontractors; the cost incurred to withdraw or inspect work because of known or suspected deficiencies in the work; and the cost of postage paid, where the postage was properly applied. Also offered is “correction of work” coverage which pays for the cost to correct the insured’s errors

Dollars: $1 million primary. Umbrella available up to $25 million. Deductible: $1,000/$2,500/$5,000/$10,000.
States: All.
Contact: Allan Sague, (860) 547-6582 or www.hfpinsurance.com.
Auto Body and Repair ProgramNuts & Bolts: GMI Insurance Services is offering auto body and repair program. Program eligible classes include: auto repair shops/general auto service, auto body, state inspection stations and quick lube and oil. Endorsements ISO, A VIII.

Dollars: Limit $1 million. Standard deductibles. Minimum premium not applicable.
State: All states, except Arkansas, California, Con-necticut, Florida, Hawaii, Louisiana, Massachusetts and Washington.
Carrier: Lincoln General Insurance Company, admitted.
Contact: Renee Vande Hoef, (800) 722-3229, ext. 28. Or for endorsements contact:<@> ISO or (800) 722-3229, ext. 17, or www.GMI-Insurance.com.