New Markets
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com.
Military Housing
Nuts & Bolts: Venture Insurance Programs has introduced a proprietary guaranteed cost program with Travelers National Programs to provide specialty casualty coverage to the military housing industry. Venture is offering workers’ compensation, general liability and auto liability coverage through Travelers National Programs.
Dollars: Varies.
Carrier: Travelers Indemnity Co. rated “A+” by A.M. Best. Admitted.
States: All.
Contact: Ann Troncelliti at 800-282-6247, ext. 265 or e-mail atroncelliti@ventureprograms.com.
Dump Truck Fleets
Nuts & Bolts: The Maplewood Group is offering coverage for dump trucks carrying sand, gravel, coal, farm produce, asphalt, etc. Maplewood also has a market for ready mix concrete fleets. Minimum six power units.
Dollars: Starting at $500,000.
Carrier: More than one carrier; Rated “A” and “A+” by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Stephen Pierce at 740-321-1137 or e-mail spierce@themaplewoodgroup.com.
Excess Workers’ Compensation
Nuts & Bolts: The Self-Funded Alternatives (SFA) team can help agencies develop self-insured workers’ compensation programs nationwide. SFA can also help with large deductible programs as well as self-insurance bonds.
Dollars: Varies by state statute.
Carrier: Rated “A” by A.M. Best. Admitted.
States: All.
Contact: Malika Adams at 215-860-7444 or e-mail sfainfo@self-fundedalternatives.com.
Nutritional & Dietary Supplements
Nuts & Bolts: Travis-Pedersen and Associates, Inc. is offering new nutritional and dietary supplement primary and excess market with A+XV paper. Can write the primary ($2 million) or excess ($5 million), but not both. Targeting accounts with $75 million or less in gross revenue. Minimum premium of only $15,000.
Dollars: $1 million to $5 million.
Carrier: Rated “A+” XV by A.M. Best. Non-admitted.
States: All.
Contact: Chris Dockery at 312-360-9696 or e-mail chrisd@travped.com.
Taxi Program
Nuts & Bolts: BISYS Commercial Services acting as an MGA has a taxi program with a carrier that has written this type of business for over 50 years. The program has auto liability, physical damage and hired and non-owned. The carrier can also write limousines, airport buses or airport limousines and social service autos. Also general liability.
Dollars: Varies.
Carrier: Rated “B+” by A.M. Best. Admitted.
States: Ill., Ind., Iowa, Ky., Mass., Mich., Minn., Nev., N.Y., Ohio, Okla., Penn., Texas,. Wis.
Contact: Cathy Perry at 877-247-9772 or e-mail bspmarketing@bisys.com.
Outbreak / Contagion — Extra Expense
Nuts & Bolts: USX/S offers first party coverage should an insured’s operations be suspended by a public health official due to a covered contagion outbreak or infestation, or by police due to a workplace violence event. Communicable disease, e-coli, salmonella, Legionnaires, Avian flu, mold, fungus, mold, vermin/insect infestation, water-borne pathogen are all covered. No coinsurance, no payroll or financial records. Insured selects the daily limit per location and collects upon proof of loss.
Dollars: $2,500 to $50,000.
Carrier: Rated “A” VIII by A.M. Best. Admitted.
States: All.
Contact: David Stahl at 440-888-7300 or e-mail DaveS@USXS.net.
Canine Security
Nuts & Bolts: MarketScout is offering coverage for bomb and drug sniffing dogs. Types of coverage include CGL and completed operations and professional liability E&O, assault and battery, care, custody and control and lost key coverage available by endorsement. One policy. No airport, residential, nightclubs or traffic control coverage available.
Dollars: $1 million to $2 million.
Carrier: Rated “A++” by A.M. Best. Non-admitted.
States: All.
Contact: John Gaskill at 972-934-4212 or e-mail jgaskill@marketscout.com.