New Markets
New Construction, Remodelers, Owner/Developers
Nuts & Bolts: Network E&S Insurance Brokers, LLC has a new limited access program for Builder’s Risk/Contractors Equipment Program for both residential and commercial structures without size limitations. Frame and concrete structures are acceptable. No new ventures; two years in business required. No tracts or condo projects for this program.
Dollars: Limits up to $5 million (additional limits available); minimum deductible of $1,000, higher deductibles available. $5,000 minimum premium.
Carrier: Rated “A” XV by A.M. Best. Non-admitted.
States: All, except Florida.
Contact: Fresno office, 559-449-9500; San Francisco, 415-546-4900 and Calabasas, 818-224-2060.
Professional Liability, Business Services
Nuts & Bolts: The Hartford Financial Products has introduced The Hartford Professional Choice Liability Policy, a miscellaneous professional liability policy for firms and their employees involved in the business services industry. The target market includes market researchers, loss control specialists, franchisors, contest managers, advertising and public relations firms, third party administrators, temporary staffing firms, trustees and a host of other service businesses. It is an “admitted” policy.
Dollars: Up to $25 million.
Carrier: The Hartford, rated “A+” XV by A.M. Best. Admitted.
States: All states (admitted in most).
Contact: Patricia Fitzgerald at 212-277-0457 or e-mail at pfitzgerald@thehartford.com.
Mid-sized Business Policy
Nuts & Bolts: Zurich launched a broader property policy for mid-sized businesses known as Property Portfolio Protection. The policy includes more than 36 additional coverages along with offering flexibility to tailor solutions for the individual customer.
The policy also includes a more extensive range of automatic coverages and requires far fewer endorsements. In addition, the policy uses simplified, straightforward language, making it easier for customers to understand.
Dollars: Up to $150 million per location.
Carrier: Zurich America Insurance Company, rated by “A” by A.M. Best. Admitted.
States: All, except Fla., Hawaii, La., N.Y., Va., and Wash.
Contact: Dave Rutkowski, at 847-605-6116 or e-mail david.rutkowski@zurichna.com.
Campground and RV Parks
Nuts & Bolts: The Philadelphia Insurance Cos.’ Campground and Recreational Vehicle Parks is intended for stand-alone campground and recreational vehicle park operators. PHLY is targeting the franchised parks due to the standards established for the parks by the franchise corporations concerning park management, park conditions, park amenities, and frequency of inspections. Subsantial property capacity available.
Dollars: General liability limits up to $1 million/$3 million; commercial excess liability limits up to $10 million.
Carrier: Philiadelphia Indemnity, rated “A” and “A+” by A.M. Best. Admitted.
States: All, except Louisiana.
Contact: Mark Plousis at 610-617-7678 or e-mail mplosusis@phlyins.com