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Wedding Insurance

Nuts & Bolts: Travelers launched Wedding Protector Plan, which covers with no deductible a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane causes the necessary and unavoidable cancellation or postponement of the event. Other coverages include postponement for withdrawal of military leave, forfeited and lost deposits, extra expenses associated with special attire, transportation, photographs, and entertainment expenses. The top wedding claims and problems typically include damage to wedding attire, mishaps with event photography, cancellation due to illness or bereavement, and no-shows by contracted vendors. Tra-velers created www.AgentProtectMyWedding.
com, which offers a Risk Quiz to help consumers determine how much risk surrounds their wedding, among other things.

Dollars: Up to $261,000 core coverage/

$1 million liability/$1 million for physical damage.

Carrier: The Travelers Cos. Rated “A+” by A. M. Best. Admitted.

States: All except Hawaii, La., Alaska, Fla., Mass., Wash. and Calif. Events will be covered in Puerto Rico, Canada, United Kingdom, Mexico, Bermuda, Bahamas, Turks and Caicos, and Caribbean Islands (excluding Cuba and Haiti) and cruise ships leaving from a port within those territories (some restrictions apply).

Contact: Alan Tuvin at 860-954-1710 or e-mail atuvin@travelers.com.

Accountants Professional Liability

Nuts & Bolts: The Herbert H. Landy Agency is offering professional liability insurance for small to large, simple to complex practices. The Accountants Basic Coverage provides an economical alternative for tax preparers, bookkeepers and small accounting firms. The CPA Advantage provides coverage for larger firms, and more complex practices. Coverage is provided by an “A++” rated carrier and The Landy Agency serves as the national administrator for the programs.

Dollars: Up to $5 million.

Carrier: General Star rated “A++” by A. M. Best. Admitted.

States: All.

Contact: John Torvi at 781-292-5417 or e-mail johnt@landy.com.

Diagnostic Radiology Facilities

Nuts & Bolts: A.I. Risk Specialists Insurance Inc. (AI Risk) introduced Risk Radiology Solutions, a portfolio of property/casualty insurance coverages written specifically to address risks of diagnostic radiology facilities. They will be underwritten by the AIG Healthcare Department of AI Risk. Radiology Solutions will offer a selection of customized insurance policies for the distinct needs of diagnostic radiology providers, which include, but are not limited to: property insurance, which can be extended to include equipment breakdown insurance. Equipment breakdown insurance is underwritten by Hartford Steam Boiler and gives policyholders access to the loss control and consulting services of HSB Professional Loss Control, which concentrates on helping businesses to address the complex issues associated with equipment breakdown and to minimize related losses. Other coverages are individual, primary general and professional liability insurance limits and workers’ compensation insurance underwritten on a guaranteed cost basis. Radiology Solutions also offers its insureds additional risk management services including consultations services to assess exposures, address compliance issues, and avoid claims. No catastrophe coverage.

Dollars: Professional general liability, $1 million per occurrence/ $3 million aggregate.

Carrier: Lexington Insurance Co. and Hartford Steam Boiler rated “A+” and “A++” respectively by A. M. Best. Non-admitted.

States: All.

Contact: Dan McGinnis at 212-770-1172 or e-mail Daniel.mcginnis@aig.com.

BOPs – Varied Risks

Nuts & Bolts: Bass Underwriters has a new admitted program for BOPs targeting a varied selection of risks. The program will entertain such businesses as beauty and nail salons, clothing stores, convenience stores, electronic and video stores, fast food restaurants and taquerias, LRO, laundromats, offices, retail liquor stores and more. New ventures are okay. Value plus endorsement is okay.

Dollars: $1 million per occurrence/$2 million aggregate. Minimum premium is $500 with low limits. Some require $0 to $500 deductibles, depending on the class.

Carrier: Rated “A++” by A. M. Best. Admitted and non-admitted.

States: Calif., Penn., Fla., Nev., N.Y. and Texas.

Contact: Barbara Anderton at 916-929-8008 or 888-929-8008 or e-mail banderton@bassunderwriters.com.

Yachts

Nuts & Bolts: American Reliable Insurance Co. is now providing nationwide coverage for yachts with values up to $1 million. Coverage includes watercraft – liability and physical damage.

Dollars: $100,000 to $1 million. Deductible is $500; minimum premium is $300.

Carrier: American Reliable Insurance Co., rated “A-” by A. M. Best. Ad-mitted.

States: All except Alaska, Hawaii, Louisiana and District of Columbia.

Contact: Roger Vossen, at 651-361-4016 or e-mail roger.vossen@assurant.com.

High Performance Watercraft

Nuts & Bolts: American Reliable Insurance Co. provides coverage for vessels with speeds up to 120 mph and with a value up to $300,000.

Dollars: Limits $100,000 to $300,000. Minimum premium is $500; minimum deductible is $500.

Carrier: American Reliable Insurance Co., rated “A-” by A.M. Best. Admitted.

States: All except Alaska, Hawaii, Louisiana and District of Columbia.

Contact: Roger Vossen, at 651-361-4016 or e-mail roger.vossen@assurant.com.

Surety and Performance Bonds

Nuts & Bolts: American Eagle Bonding is offering surety and performance bonds for clients with good and bad credit. All types of bonds, except bail bonds.

Dollars: $1,000 to $80,000,000.

Carrier: Capitol Indemnity rated “A” by A.M. Best. Admitted.

States: All except Hawaii.

Contact: Kathryn White at 480-985-1618 or e-mail aebonds@msn.com.