New Markets
Professional Liability ProgramTITLE:
Nuts & Bolts: London American Profess- ional Liability program designed for a diverse set of professions, including many types of consultants, insurance services, media and real estate classes. Coverage is offered on both a primary and excess basis for risks with up to $250 million in revenue. Policy highlights include: primary and excess coverage available; claims made and reported policy; company has right and duty to defend; coverage is extended to employees while acting within the scope of their employment duites; personal injury coverage; “prior acts coverage provided for insureds who have carried continuous coverage, predecessor and successor firm coverage; automatic 60-day extended reporting period; and worldwide coverage for suits brought in the U.S.
Limits: Up to $5 million for each claim; $5 million annual aggregate limit.
Carrier: Rated “A” by A.M. Best. Non-admitted. Deductible, $5,000. Minimum premium, $5,000.
States: Ala., Ark., Ariz., Calif. Colo., Fla., Ga., Hawaii, Idaho, Ill., Ind., Kan., Ken., La., Md., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.J., N.M., N.Y., N.C., N.D., Ohio, Ore., Penn., S.C., S.D., Tenn., Texas, Utah, Va., Wash., D.C., W.V. , Wis., and Wyo.
Contact: Ed Velasquez, president, (201) 944-7000 or evelasquez@londonamericantx.com.
Contractor’s Land Improvement Program
Nuts & Bolts: Crouse and Associates has introduced a land improvement program designed for small-to medium-sized residential and commercial contractors. Target classes include: Concrete curbs, gutter and sidewalks, shipping docks and pads for electrical panel sheds (no residential pads), driveways, parking lots, street and road paving sewer and water main construction, or irrigations & drainage construction, septic tank systems, water well drilling, conduit construction for cables and wires, excavation jobs such as ditch digging, trenching, and also digging of small ponds on farms-along with support of any of the above operations. Grading of land: clearing and leveling of land activities at farmlands, commercial developments, site development for road building and finish grading.
Limits: Minimum premium $10,000.
Carrier: Rated “A” XV by A.M. Best. Non-admitted.
States: Arizona, California, Idaho, Nevada, Oregon and Washington.
Contact: Jil Chioino, manager MGA & program division, (415) 982-3870 or jchioino@crousesf.com.
Social Service Program
Nuts & Bolts: London American Risk Specialists, Inc. is offering a Social Service Program written by an “A” Rated A.M. Best rated carrier and includes general liability, professional liability, (including sexual abuse/molestation) property, non-owned auto, domestic social services with foreign exposure, kidnap & ransom, travel accident, international workers comp and foreign non-owned auto. Target classes to include for profit and not for profit, excellent for residential care facilities.
Limits: $1 million to $3 million. Deductible varies by class.
Carrier: Rated “A” by A. M. Best. Non-admitted.
States: Ariz., Ark., Calif. Colo., Conn., Del., Fla., Ga., Idaho, Ind., Iowa, Kan., La., Maine, Md., Mich., Minn., Miss., Mo., Neb., Nev., N.H., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., R.I., S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., D.C., W.V. , Wis., and Wyo.
Contact: Mike Mullens, underwriting manager, (214) 277-3936 or mmulens@londonamericantx.com.
Bed and Breakfast
Nuts & Bolts: Smith, Bell and Thompson (SBT) and Swiss Re’s Commercial Insurance announce a new program for Bed & Breakfast accounts, effective July 1. The Bed & Breakfast program is designed for the innkeeper industry. Target accounts include bed and breakfasts, country inns or cabin rentals. Bed & breakfasts serve only breakfast to overnight guests. A country inn serves breakfast to overnight guests, however, with a restaurant open to the public. The cabin rental is typically more than four habitational buildings located in close proximity on the same premises with one sleeping room per building and a common building where breakfast is served. These establishments are usually individually owned and operated; hotel/motel franchises and national or regional chains are not eligible.
Limits: Varies.
Carrier: Rated “A+” XV by A.M. Best. Non-admitted.
States: All, except Missouri and Hawaii.
Contact: Doug Grahn, director of marketing, (802) 658-4600 or dgrahn@sbtinsurance.com.
Tuition Protector
Nuts & Bolts: Markel’s Tuition Protector is an insurance program that protects schools’ revenues and eliminates the financial burden families face when students are forced to withdraw prior to term completion. Tuition Protector has been specifically developed to provide comprehensive coverage for virtually any event that may cause a student’s withdrawal.
Limits: Set a fee level to be insured. Minimum premium average, $10,000.
Carrier: Rated “A” by A.M. Best. Admitted.
States: All, except Alaska and Hawaii.
Contact: Kevin Wingfield, underwriter, (800) 431-1270, ext. 7640 or kwingfield@markelcorp.com.
Watercraft
Nuts & Bolts: Arlington/Roe & Co. offers watercraft coverage for jet ski, wave runner, houseboats, pontoons, bass boats, runabouts, sailboats, yachts, rental operations, charters and tours.
Limits: Vary.
Carrier: Varies.
States: Ill., Ind., Ken., Mich., Ohio and Tenn.
Contact: Anne Duncan, personal lines marketing, (800) 878-9891, ext. 8654 or aduncan@arlingtonroe.com.
Retail Shopping Centers
Nuts & Bolts: Argonaut Group, Inc. announced today that its Select Markets segment is expanding its line of products and services to include the retail shopping center marketplace. Highlights include specialized benefits such as coordinated policies for comprehensive landlord-tenant liability coverage, signage protection based on actual loss sustained, a 24-hour emergency claims hotline, and access to over fifteen proprietary safety and loss prevention resources tailored to the retail industry. Claims will be handled by seasoned retail specialists familiar with each jurisdiction served.
Limits: GL limits $1 million; Property, $20 million in total insured value, flexibility on a case by case basis.
Carrier: Rated “A-” by A.M. Best. Admitted.
States: All, except Alaska, Florida, Hawaii, Louisiana, Mississippi, and New York.
Contact: David Edison, (503) 833-1696 or www.argonautgroup.com.