My New Markets
Errors & Omissions, Agents
Nuts & Bolts: Insurance agents and brokers now have access to errors and omissions coverage, through Swiss Re’s Commercial insurance market. Swiss Re announced the launch of a non-admitted coverage for the members of the Independent Insurance Agents and Brokers of America (IIABA). The non-admitted product is designed for agencies with unique operations and special needs where coverage customization is critical. Larger agencies with expanded product offerings or with unusual ownership structures, agencies specializing in higher-hazard coverages (such as wet marine or long-haul trucking), and less experienced agencies and even agencies with significant losses are aggressively being pursued. Policies are underwritten and claims handled by the same expert team at Swiss Re that services the Big I’s admitted program.
Dollars: $5 million per claim/$10 million aggregate. Deductibles start as low as $5,000.
Carrier: First Specialty Insurance Corp. rated ‘A+” by A.M. Best. Non-admitted.
States: All.
Contact: For more information or to submit an application for coverage, contact your IIABA state association.
Amusement Devices
Nuts & Bolts: Anderson & Murison Inc. now offers a program that includes batting cages, moon bouncers and ball pits on a per device basis. Moon bouncers are limited to basic cube-shaped jump houses. No combos, obstacles courses, or slides.
Dollars: $300,000 to $1 million.
Carrier: Rated “A” by A.M. Best. Non-admitted.
States: California.
Contact: James McCarthy at 323-255-2333 or e-mail james.mccarthy@andersonmurison.com.
Stand-Alone Windstorm
Nuts & Bolts: Burns & Wilcox now offers primary or excess when windpool is just not enough. Property values have doubled overnight. Are your clients properly insured?
Dollars: $500,000 to $50 million. Minimum premium is $1,000; Maximum premium is $1 million.
Carrier: Rated “A+” by A.M. Best. Admitted and non-admitted.
States: Alabama, Georgia, North Carolina, South Carolina, and Virginia.
Contact: Karen Toler at 252-726-8992 e-mail at kgtoler@burns-wilcox.com.
Horse Mortality, Major Medical Policy
Nuts & Bolts: Equestrian Insurance Group now offers a horse mortality policy that insures a horse against death or injury from almost any cause. Major medical endorsement covers up to $7,500 or $10,000 of reasonable and customary veterinary, medical and surgical care charges necessitated by accident, injury or illness. A $300 deductible will apply to each separate claim during the period of insurance. Diagnostics for non-surgical lameness will be covered for up to $1,000 per occurrence. Humane destruction is covered under the policy but economic destruction is not. This policy is unique as the basic form includes coverage for theft and colic surgery at no additional cost. Preferred rates, comprehensive worldwide coverage, telephone binders and 24 hour claim service.
Dollars: $1,000 to $5 million.
Carrier: Travelers Harford Berkley Lloyds rated “A+” by A.M. Best. Admitted.
States: All except Hawaii.
Contact: Brent Allen at 602-702-7600 or e-mail at afig@eqgroup.com.
Motor Truck Cargo
Nuts & Bolts: Texas Specialty Risk Programs is now offering physical damage on trucks, tractors, trailers, contingent cargo liability,
contractors equipment – big and small.
Dollars: Up to $1 million.
Carrier: Beazley, rated “A-” by A.M. Best. Non-admitted.
States: Texas.
Contact: Greg Ashton, at 817-488-7525 or e-mail at greg@txsrp.net.
Real Estate Service Professionals E&O
Nuts & Bolts: Network E&S has markets writing E&O coverage on all types of property/real estate service professionals. There is a market that will entertain real estate agents that provide mortgage brokerage services or title/escrow services.
Dollars: Up to $5 million.
Carrier: Rated “A” by A.M. Best. Non-admitted.
States: Arizona, California, Hawaii, Nevada, Oregon, Washington.
Contact: Dina Zuger at 415-546-4900 or e-mail at dina.zuger@networkeands.com.
Private Investigators & Detectives
Nuts & Bolts: Brownyard Programs LTD offers specialty insurance (GL + E&O) programs for private investigators and detectives, the broadest coverage forms available. Also available: security guard companies, alarm companies, background screening companies, and armored car companies.
Dollars: Starting at $1 million.
Carrier: Executive Risk & Lexington, rated “A++” by A.M. Best. Admitted.
States: All.
Contact: Helen Henner at 631-581-9300, ext. 111 or e-mail Helen@brownyardprograms.com.
Security Guards
Nuts & Bolts: Brownyard Group’s program for security guard firms has been expanded by Brownyard to include limits up to $5 million. Brownyard provides broad coverage, which includes: general liability, excess/umbrella liability, workers’ compensation, property, auto and first and third party dishonesty coverage. Brownyard is underwritten by Arch Insurance Group and distributed solely through independent insurance agents. Non-admitted in all states except New York.
Dollars: Up to $5 million.
Carrier: Arch Insurance Group, rated “A-” XV by A.M. Best. Non-admitted.
States: All except Wyoming.
Contact: Terence Brownyard at 800-645-5820 or e-mail tbrownyard@brownyardprograms.com.
Luxury Home Builders
Nuts & Bolts: Quaker Special Risk announces a new program tailored for luxury home builders building homes that have a sale price of $350,000 and up. Coverage is provided for new home construction including incidental remodeling and renovations. The focus of the program is single family home construction and does not extend to condominiums or town homes. New ventures will be considered with adequate prior construction experience. Quaker has designed the program for accounts that build up to 15 homes per year.
Dollars: $1million/$2million/$2million.
Carrier: Rated “A” XV by A.M. Best. Admitted.
States: All except California, Nevada, Arizona, Colorado and Washington.
Contact: For more information call 800-447-4180 or go to www.quakerspecialrisk.com.
Residential Roofers and Plumbers
Nuts & Bolts: Axiom Specialty Insurance Services is offering coverage for residential roofers and plumbers. ISO occurrence form used. Tracts acceptable up to no more than 75 homes. New ventures are also acceptable. Minimum premium $1,000 for plumbers and $5,000 for roofers.
Dollars: $1 million/$2million/$2million.
Carrier: Rated “B” VII by A. M. Best. Admitted.
States: California, Arizona.
Contact: Eirik Fulton at 750-245-6999 or email submit@axiomspecialty.com.
Sand & Gravel Haulers
Nuts & Bolts: Robert Moreno Insurance Services is offering coverage for sand & gravel haulers in California. New ventures are okay. Call us today for a phone quote. Bind same day if complete information provided. MCP filing can also be issued same day.
Dollars: $750,000 to $1 million.
Carrier: Rated “A” by A.M. Best. Admitted.
States: California.
Contact: Commercial Underwriting at 714-738-1383ore-mail commercial@rmismga.com.