New Markets

D&O for Small Public Cos.
Nuts & Bolts: The Chubb Group of Insurance Companies has introduced specialized directors and officers (D&O) liability insurance for publicly traded companies with market capitalizations of $100 million or less. These “micro-cap” coverage enhancements can be added to Chubb’s D&O liability insurance policy. Moreover, some small public company customers may also be eligible to receive Chubb’s new Non-Rescindable Endorsement. Micro-cap D&O coverage highlights include: Independent directorship liability, which may help a company attract, retain and protect outside directors by offering up to an additional $1 million of coverage outside the D&O liability insurance policy limit for independent directors; Amended exclusionary conduct wording that requires final adjudication to establish fraud and illegal personal profit; A definition of “claim” enabling the policy to be triggered if an insured person is investigated by the Securities and Exchange Commission, U.S. Department of Justice or similar regulatory or law enforcement authority. Chubb’s new non-rescindable endorsement is designed to preserve coverage for directors and officers by providing full severability and is completely non-rescindable for all D&O policy insuring clauses.

Dollars: Up to $25 million.
Carrier: Rated “A++” by A. M. Best. Admitted.
States: All.
Contact: Tony Galban at 908-903-4590 or e-mail galbanT@chubb.com.

Aviation and Aerospace Insurance
Nuts & Bolts: Transport Risk Management, Inc. provides aviation insurance and risk management services with offices located in Denver, Colo., Austin, Texas, Los Angeles, Calif. and Scottsdale, Ariz. As an aviation and aerospace brokerage, Transport Risk provides clients’ with services in the areas of insurance, reinsurance and risk management needs.

Dollars: $$1,000,000 to $10,000,000
Carrier: Rated “A++” by A.M. Best. Admitted.
States: All.
Contact: Terry Miller, president at 866-256-0227 or e-mail tmiller@transportrisk.com.

Commercial Auto
Nuts & Bolts: American Service Insurance Co. is offering commercial auto liability including non-standard auto, light commercial trucks, taxis, and medi-vans.

Dollars: Up to $1.5 million, approved.
Carrier: American Service Insurance Co., rated “A-” by A.M. Best. Admitted.
States: Ill., Ind., Ohio and Mo.
Contact: Bob Fattore at 847-472-6849 or e-mail rfattore@asilink.com.

Trade Show Vendors
Nuts & Bolts: K & K Insurance Group Inc. is offering general liability, including contractual liability, personal injury and advertising injury liability for trade show exhibit vendors operating concessions and exhibits. This program is specifically tailored for concessionaires, exhibitors and vendors operating at various types of sites, including special events, arts and craft shows, fairs, festivals and trade shows. Premiums vary according to the overall square footage and the number of tables or booths. K&K offers a fee-based program, however commissions are negotiable.

Dollars: Up to $1 million per occurrence for general liability.
States: All.
Carrier: Nationwide, rated “A+” by A.M. Best. Admitted.
Contact: K &K Insurance Group at 800-328-2317 or e-mail cev-events@kandkinsurance.com.

Architects & Engineers Professional Liability
Nuts & Bolts: The King Support System Insurance Services new program targets professional liability for architects, interior designers and landscape architects, land surveyors and licensed construction managers, civil, structural, electrical, HVAC, mechanical and other miscellaneous engineering services.

Dollars: $1 million to $5 million.
Carrier: Rated “A-” by A.M. Best. Non-admitted.
States: California.
Contact: Sara Doyle at 949-488-2255 or e-mail PL@kinginsuranceca.com.

Printers E&O
Nuts & Bolts: Insurebest.com is offering errors and omissions professional liability coverage for printers, graphic designers, advertising agencies, marketing companies, quick print stores, mailing stores, bindery, packaging and fulfillment companies, etc.

Dollars: $300,000 to $5 million.
Carrier: Utica National, rated “A” by A.M. Best. Admitted and non-admitted.
States: Conn., Del., Fla., Ill., Ind., Maine, Mass., Mich., Minn., N.H., N.J., N.Y., N.C., Ohio, Penn., R.I., Texas, Vt., Va., and D.C.
Contact: Call Insurebest at 800-425-7873 or e-mail info@insurebest.com.

NJ Coastal Property
Nuts & Bolts: McSweeny Agency of New Jersey is offering coverage on boardwalk stores, ocean front, bay front, condos, dwellings, seasonal commercial properties.

Dollars: $100,000 to $1 million.
Carrier: Rated “A+” by A.M. Best. Non-admitted.
States: New Jersey.
Carrier: Richard McSweeny at 609-387-0101 or e-mail rmcsweeny@mcsweenyagency.com.

Flood
Nuts & Bolts: International Excess of Pgh is now offering flood insurance in excess of the National Flood Insurance Program (NFIP) for buildings, contents and loss of income.

Dollars: $15,000 to $15 million.
Carrier: Underwriters at Lloyds of London, rated “A” by A.M. Best. Non-admitted.
States: All, except Alaska and Hawaii.
Contact: W. Flagg Pavlik at 800-937-3497, ext. 2089 or e-mail fpavlik@intlxs.com.

Errors & Omissions for Public Entities
Nuts & Bolts: Darwin Professional Underwriters, Inc. has announced the availability of its new, enhanced public entity errors and omissions (E&O) liability insurance products, with policies to address professional liability risks for educators, police and public officials. Coverages are available on a surplus lines basis through Darwin Select Insurance Co. (Darwin Select). Limits of liability up to $5 million are available for public school districts (grades K-12), other educational entities, police departments, municipalities, and public entities/special service districts. Darwin has crafted these specialty liability products with exclusive features such as defense expenses outside limits for all three segments (educators, police, and public officials), broad employment practices liability (EPL) coverage to include third-party exposures (with coverage for emotional distress), non-monetary relief coverage, supplemental payments coverage, and other industry-specific coverage benefits.

Dollars: Up to $5 million
Carrier: Darwin Select Insurance Co., rated “A-” by A.M. Best. Non-admitted.
States: All.
Contact:Ned Daly, Professional Govern-mental underwriters, at 800-586-6502 or e-mail ndaly@pgui.com.

To submit information for New Markets, e-mail smckenna@insurancejournal.com.