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.
Hackers
Nuts & Bolts: Coverage for unauthorized access to electronic communication systems (hacker) is being offered by Chopra Insurance Brokerage, Inc. Losses from viruses, unauthorized access, theft of proprietary information, denial of services, financial fraud, website defacement, telecom fraud, abuse of wireless network, system penetration can stop a business’s operations including loss of revenue and production time. Any small to mid-sized business with a computer system can be covered.
Dollars: $500,000 to $5 million.
Carrier: Rated “A” by A.M. Best. Non-admitted.
States: Alabama, California, Colorado, Connecticut, Delaware, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana., Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Tennessee, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, D.C., West Virginia, Wisconsin.
Contact: John Upchurch at 818-551-4588 or e-mail Jupchurch@choprainsurance.com.
Contractors
Nuts & Bolts: Lemac & Associates, a division of Risk Placement Services, Inc., is offering coverage for the admitted market writing workers’ compensation and general liability for commercial artisan contractors. General liability is first dollar; all lines are required; and up to 10 percent residential. No general contractors but can entertain most classes of subcontractors including sewer and water, even those that do hook-ups, street and road, grading/excavation, plumbing, electrical, concrete, etc.
Dollars: $1 million to $ 2 million.
Carrier: Rated “A” XV by A.M. Best. Admitted.
States: All.
Contact: Bill Newton at 323-857-9400 or e-mail wnewton@lemacassociates.com.
Churches
Nuts & Bolts: ACBOA Insurance Center is offering coverage for churches and other religious groups.
Dollars: Varies.
Carriers: Travelers rated “A+” by A.M. Best. Admitted.
States: All, except Florida.
Contact: Kim Holley at 800-394-2767, ext. 1127 or e-mail kholley@ramsgateinsurance.com.
Foreclosed and/or Vacant Property
Nuts & Bolts: Myron Steves is offering property and/or liability coverage for foreclosed and/or vacant properties – residential or commercial. Single policy or reporting form available. Online system available for financial institutions.
Dollars: Up to $10 million.
Carrier: Major carriers rated “A-” or better by A.M. Best. Admitted.
States: All.
Contact: Gail Bowlin at 713-351-8297 or e-mail gbowlin@myronsteves.com.
Sports Activities
Nuts & Bolts: American Specialty Insurance & Risk Services, along with FastCov.com provides affordable insurance coverage for sports and recreation activities. FastCov.com offers general liability and accident medical insurance online and immediate evidence of insurance coverage. FastCov.com has no volume requirements and pays competitive commission levels. Brokers need to sign an agreement prior to using FastCov.com. FastCov.com provides general liability insurance through the American Specialty Sports and Entertainment purchasing group.
Dollars: $1 million per occurrence/$2 million aggregate.
Carrier: Rated “A+” by A..M. Best. Admitted.
States: All, except California, Connecticut, Louisiana, New Hampshire, New York, Oklahoma and Washington.
Contact: Varun Kaushik at 800-245-2744 or e-mail FastCov@amerspec.com.
Insurance for Arts & Cultural
Nuts & Bolts: Great American Insurance offers property/casualty programs for arts and cultural classes to include: arts centers, arboreta, botanical gardens, dance, drama and fine arts schools, cultural centers, performing arts, historic sites and museums, nature centers, opera, traveling theatre groups, and historic theatres.
Dollars: Varies.
Carrier: Great American Insurance Co. rated “A” by A.M. Best. Admitted.
States: Alabama, Arkansas, Arizona, Alaska, California, Colorado, Delaware, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, D.C., West Virginia, Wisconsin, Wyoming.
Contact: Rick Hasselbeck at 513-287-8112 or e-mail rhasselbeck@gaic.com.