New Markets
Parking and Valet Operators
Nuts & Bolts: USRisk Brokers has a new Parking and Valet Operators Program designed for businesses engaged in parking customers’ cars, such as self-parking garages and lots, assisted parking, valet parking and parking for special events. Exposures can include parking operations at retail or office complexes, hotels, restaurants, medical centers, high-rise residences and airports, and extend to incidental operations such as car washing, detailing and minor repairs; and concierge-type services such as luggage assistance or bellman operations.
Dollars: $250,000 per vehicle/ $1 million per location/$5 million aggregate.
Carrier: Rated “A” XV by A.M. Best. Non-admitted.
States: All.
Contact: Connie Chalayan at 800-856-7035 or email conniec@usrisk.com.
Monoline Energy
Nuts & Bolts: MarketScout, the Dallas-based eInsurance Exchange, has launched an exclusive Monoline Energy Workers’ Compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures.
Dollars: Statutory and $1 million employers liability.
Carrier: Rate “A” by A.M. Best. Admitted.
States: All, except New Jersey.
Contact: Chris Kerr at 972-934-4206 or e-mail ckerr@marketscout.com.
Financial Institutions
Nuts & Bolts: National Union Fire Insurance Co. of Pittsburgh, Pa., is offering Financial Institutions Risk Protector, a package of management and professional liability coverages for privately held financial institutions. FIRP bundles a number of coverages into one policy including directors & officers liability; employment practices liability; fiduciary liability; errors & omissions liability for insurance companies and banks; security and privacy liability; and employed lawyers liability.
Dollars: Up to $25 million, aggregate.
Carrier: National Union, rated “A+ by A.M. Best. Admitted and non-admitted.
States: All
Contact: Raymond DeCarlo at 212-458-1576; e-mail managementliability@aig.com.
Small Business EPL Package
Nuts & Bolts: CNA’s Epack EZ targets companies with fewer than 50 employees and less than $10 million in assets with a stand alone employment practice liability (EPL) policy or combination EPL, directors and officers and fiduciary policy. Epack EZ offers online quoting, a two year policy term and a separate limit for defense cost. Additional enhancements include a broad insured definition that includes domestic partners; a broad definition of wrongful employment practices; automatic coverage for third-party claims; punitive damages coverages; and independent contractor coverage.
Dollars: Monoline, $500,000 or a $1 million; or shared D&O fiduciary limit $1 million.
Carrier: Continental Casualty, rated “A” by A.M. Best. Admitted.
States: Ala., Ariz. Colo., Del., D.C., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ken., La., Md., Mich., Mont., Mo., Neb., N.H., N.J., Nev., N.C., N.D., Ohio, Okla., Ore., Penn., R.I., S.C., Tenn., Utah, W. V., Wis., Wyo. (Non-admitted in La. and Wyo.)
Contact: Michelle Aliperti at 732-398-4375 or e-mail michelle.aliperti@cna.