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.
Products Liability for Roller Coasters and Rides
Market Detail: MarketScout offers agents access to products and completed operations coverage for amusement ride manufacturers and importers. In addition to general liability, the insured can purchase protection for discontinued products, excess liability and workers’ compensation. Minimum premiums begin at $20,000 and the insured can apply as high as $10,000 SIR’s.
Available limits: $1 million to $5 million.
Carriers: Unable to disclose. “A++” rated by A.M. Best. Non-admitted.
States: All.
Contact: John Gaskill at 972-934-4212 or e-mail jgaskill@marketscout.com.
Workers’ Comp Programs
Market Detail: Chamber Insurance Agency Services makes it easier for agents to find workers’ compensation coverage for hard-to-place risks. This featured program provides access to coverage for accounts with high experience modification factors, multi-state operations and what are usually considered difficult risks.
Available limits: As needed.
Carriers: Various carriers. Ratings not provided. Admitted.
States: All except where not allowed.
Contact: John P. Ferreira at 973-669-2309 or e-mail jpferreira@chamberagent.com.
Architects & Engineers
Market Detail: Apogee Insurance Group, a Berkshire Hathaway Co. offers a broad architects and engineers program with the following coverage features: 1 Definition of professional service includes engineering, architecture, construction management and environmental consulting; 2 Offerings can include cyber liability, pollution liability and an option for first dollar defense; 3 Bodily injury and property damage coverage offered for claims in connection with professional and pollution liability; 4 Coverage for independent contractors; 5 A worldwide coverage territory; 6 “Innocent insured” and mediation credit coverage offered; 7 The availability of an aggregate deductible endorsement; and 8 An available blanket waiver of subrogation. Minimum premiums begin at $2,500 and deductibles begin at $2,500.
Available limits: $500,000 to $10 million.
Carriers: Ace, Admiral, AIG, Beazley, CNA, Hiscox, Houston Casualty, Lloyds and Navigators. “A” rated by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Robert J. McIntyre at 610-337-3200 or e-mail rmcintyre@apogeeinsgroup.com.
Household Goods Truck Cargo
Market Detail: Transportation Risk Underwriters Inc. brings agents a cargo market for all household goods movers. Less than two years experience, no problem. Insureds can also get contingent auto liability, contingent cargo, and commercial general liability for brokers. Deductibles begin at $1,000.
Available limits: $25,000 to $100,000.
Carriers: Multiple carriers. “A-” to “A+” rated by A.M. Best. Admitted and non-admitted.
States: Ala., Ariz., Ark., Calif., Colo., Conn., Del., Fla., Ga., Idaho, Ill., Ind., Iowa, Kan., Ky., La., Mich., Minn., Miss., Mo., Mont., Neb., N.H., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., Pa., S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., W. Va., Wis. and Wyo.
Contact: Josh Hancock at 800-977-9884 or e-mail underwriting@transportationrisk.com.
Interpreters and Translators Professional Liability
Market Detail: Professional Program Insurance Brokerage offers professional liability coverage to interpreters and translators. Coverage is offered on a claims made basis and protects against claims alleging errors, omissions or negligent acts arising out of professional interpreting or translating services. Coverage can be included for the applicant, applicants owned company, employees and contractors. The option to include general liability protection is also available. Applications, quotes and purchase requests can all be done online. Minimum premium begins at $275.
Available limits: $250,000 to $1 million.
Carriers: Lloyds of London. “A” rated by A.M. Best. Non-admitted.
States: All except Alaska and Mississippi.
Contact: Susan Preston at 415-475-4300 or e-mail susan@medispa-ins.com.
Mortgage Broker/Banker Professional Liability
Market Detail: Gresham & Associates has facilities for mortgage broker/banker professional liability which includes sub-prime loans and prior acts coverage. Investor required errors and omissions coverage is also available through a Special Mortgage Bankers Bond naming the investor as the loss payee. Minimum premiums begin at $2,500.
Available limits: $1 million to $5 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Non-admitted.
States: All.
Contact: Art Hays at 888-473-7444 or e-mail ahays@greshaminc.com.
Fire Protection Contractors
Market Detail: McNeil & Co. brings agents the FireWatch Program. This is a comprehensive insurance and risk management program offering high quality, specialty insurance products to the complete fire protection market including firms that engage in the sales, service, and installation of fire suppression systems, fire extinguishers, burglar and fire alarm systems, and those involved in selling or distributing fire equipment or emergency apparatus. The program can be tailored to provide an unequaled coverage portfolio.
Available limits: As needed.
Carriers: Arch Insurance Co. “A” rated by A.M. Best. Admitted.
States: Alaska, Ariz., Ark., Calif., Colo., Conn., Del., Fla., Ga., Idaho, Ill., Ind., Iowa, Kan., Ky., La., Maine, Md., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.H., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., Pa., R.I., S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., W. Va. and Wis.
Contact: TEXT.Shawn Yingling at 717-646-8886 or e-mail syingling@mcneilandcompany.com.
Medical Property Protection
Market Detail: RPS of New York offers agents a property protection program designed specifically for the healthcare industry equipment. The medical diagnostic equipment coverage form is crafted to provide protection for: MRI’s, CAT scanners, X-ray equipment and other portable diagnostic equipment. Power units and specialized trailers part of mobile units can also be covered. Blanket limits of $250,000 are also available on items such as accounts receivable, EDP including extra expense, extra expense, food spoilage and contamination, loss data preparation costs, personal property of patients and valuable papers and records. Minimum premiums and deductibles begin at $5,000.
Available limits: $1 million to $100 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Admitted.
States: All.
Contact: Robert Hecht at 631-969-1900 or e-mail bob_hecht@rpsins.com.
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