New Markets
Builders & Tradesmen’s Commercial Package
Nuts & Bolts: Builders & Tradesmen’s Insurance Services Inc., Rocklin, Calif., has a new commercial package policy available in California underwritten by One Beacon. Eligible classes are garage, manufacturers, offices, restaurants, apartments and many more. Brokerage business is accepted.
Dollars: Varies by class of business.
Carrier: One Beacon, rated “A” by A.M. Best. Admitted.
States: California.
Contact: Hohlbein at 916-772-9200, ext. 113, or e-mail at pholhbein@btisinc.com.
Monoline Energy Accounts
Nuts & Bolts: MarketScout, the Dallas Texas-based eInsurance Exchange, has launched a new exclusive Monoline Energy Workers’ Compensation program. The facility 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.
Commercial Auto Program
Nuts & Bolts: Builder and Traders Insurance Services Inc. (BTIS) has announced an exclusive Commercial Auto Program underwritten by Commerce West Insurance Company. The program is designed for vehicles up to 45,000 GVW. The program will entertain classes of business such as electrical contractors, landscape, painting and many more. BTIS has developed an online price indication/submission system that allows you to price indicate up to four vehicles in a matter of minutes. The program pays 16 percent commission for non-fleet accounts and offers competitive rates.
Dollars: Up to $1 million.
Carrier: Commerce West Insurance Co. rated “A+” XIV by A.M. Best. Admitted.
States: California.
Contact: Kim Matthews at 916-772-9000 or fax to 916-772-9292.
Parking and Valet Operators Program
Nuts & Bolts: USRisk Brokers, a subsidiary of U.S. Risk Insurance Group, announced a new Parking and Valet Operators Program designed for businesses engaged in operations related to 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, entertainment venues, restaurants, medical centers, high-rise residential facilities and airports, and extend to incidental operations in conjunction with parking, such as car washing, detailing and minor repairs; moving a customer’s vehicle to a repair facility for minor repairs; and basic concierge-type services such as luggage assistance or bellman operations. The program provides commercial general liability with additional broadened coverages, and garagekeepers legal liability.
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 e-mail conniec@usrisk.com.
Financial Institutions Risk Protector
Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), a member company of American International Group Inc., announced financial Institutions Risk Protector, a package of management and professional liability insurance coverages for privately held financial institutions. Financial Institutions Risk Protector provides companies with the ability to bundle a number of essential management and professional liability coverages into one comprehensive policy, and offers a modular format for purchasing coverage, including: directors and officers liability; employment practices liability; fiduciary liability; errors and omissions (E&O) liability for insurance companies and for 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: Ray DeCarlo at 212-458-1576 or e-mail managementliability@aig.com.
Small Business EPL Package
Nuts & Bolts: CNA has enhanced Epack, its management and professional liability package policy, to create Epack EZ. Targeting companies with less than 50 employees and $10 million in assets, Epack EZ offers a stand alone employment practice liability (EPL) policy or combination EPL, directors and officers and fiduciary policy. Epack EZ offers online applications to obtain quotes. Eligible policyholders also have access to a Web site devoted to managing employment exposures. Epack EZ offers a two year policy term and a separate limit for defense cost. In addition, other standard policy enhancements include: a broad insured definition that includes domestic partners; a broad definition of covered wrongful employment practices; automatic coverage for third-party claims; punitive damages coverages; and independent contractor coverage.
Dollars: Up to $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. and Wyo. (non-admitted in La. and Wyo.).
Contact: Michelle Aliperti at 732-398-4375 or e-mail michelle.aliperti@cna.
Auto Physical Damage Coverage for the Trucking Industry
Nuts & Bolts: AIX Group Inc., a specialty insurance holding company, today announced the formation of a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss experience and fleets between five and 75 units. Commercial light, medium, heavy and extra heavy trucks, tractors, trailers or sem-trailers up to ten years old may be insured.
Dollars: Up to 250,000 per unit; maximum total insurable values per schedule $5 million
Carrier: Nova Casualty Co., rated “A-” VII by A.M. Best. Admitted.
States: Ariz., Fla., Iowa, Idaho, Ill., Ind., Kan., La., Maine, Mich., Mo., Neb., Nev., Ohio Penn., S.C., Tenn., Utah, Wis., Wyo. and Calif.
Contact: Jeff Moran at 860-683-9876 or e-mail jmoran@aixgroup.com.
Health Clubs & Fitness Facilities
Nuts & Bolts: K&K offers a complete line of programs to respond to the needs of a wide range of health and fitness operations. Such as health clubs, exercise and sport clubs, fitness centers, health and wellness clubs, racquet and tennis clubs, gyms, exercise studios, circuit training studios, fitness instructors, etc.
Dollars: Up to $10 million.
Carrier: Great American Assurance & Nationwide Mutual, rated “A” and “A+” respectively by A.M. Best. Admitted.
States: All.
Contact: Marketing at 866-554-4636 or e-mail KK_general@kandkinsurance.com.