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.
Stop All ID Fraud
Market Detail: USX/S offers agents access to real ID theft protection coverage. FraudStop monitors more than 1,500 different data bases in addition to the credit bureaus. FraudStop even monitors the “black market” for stolen ID data. Should an ID theft occur, FraudStop takes over with a personal ID restoration specialist for as long as it takes to secure resolution. Up to $30,000 in out-of-pocket expenses are reimbursed by FraudStop with no deductible or co-pay. Monthly “all-clear” e-mails, white papers and self-testing are provided to enhance security.
Available limits: Up to $30,000.
Carrier: Unable to disclose. No rating information provided. Admitted.
States: All.
Contact: David Stahl at 440-888-7300 or e-mail daves@usxs.net.
Assisted Living Facilities
Market Detail: Casualty & Surety Inc. brings agents markets for nursing homes, adult day care facilities, assisted and independent living facilities, or home health care operations. Available coverages include professional liability, general liability and property insurance. Minimum premiums begin at $2,500 as do minimum deductibles.
Available limits: $500,000 to $4 million.
Carrier: Unable to disclose. “A” rated by A.M. Best. Nonadmitted.
States: All except Alaska.
Contact: Lamar Andrews at 205-332-8117 or e-mail landrews@csiapex.com.
Accountants Professional Liability
Market Detail: Hull & Co. offers agents access to a comprehensive accountants’ professional liability product designed for small to midsize accounting firms. Minimum premiums begin at $2,000 and deductibles begin at $1,000.
Available limits: $250,000 to $5 million.
Carrier: Unable to disclose. “A+” rated by A.M. Best. Admitted.
States: All except Alaska.
Contact: Jeff Case at 209-507-7324 or e-mail jcase@hullco.com.
Aquatics and Exotics Insurance
Market Detail: Bass Underwriters offers a program designed to cover the needs of the aquatics and exotics industry. Aquatics can include aquaria, dolphiria, amusement parks, fisheries, fish farms and more. Exotics coverage can extend to zoo animals, emus, reptiles and birds. Coverages provided by this package include: all risks of mortality, limited theft, restricted or specified perils and transit coverage.
Available limits: As needed.
Carrier: CROWE. “A” rated by A.M. best. Nonadmitted.
States: All.
Contact: Julia Sauceda at 212-413-7405 or e-mail jsauceda@bassuw.com.
Environmental Risks
Market Detail: Sloan Mason Insurance Services offers access to markets for environmentally driven risks. Examples of classes and operations eligible for this program include: environmental contractors performing services at jobsites owned by others; remediation or abatement of pollutants; removal, excavation, containment, treatment or neutralization of pollutants; installation, removal or cleaning of above ground or underground tanks; cleanup and restoration of storm or fire damaged premises; installation or maintenance of testing, monitoring or similar equipment; construction or operation of landfills, recycling facilities, or other waste facilities; environmental consultants; landfills, waste transfer and waste recycling facilities; wastewater plants; and bio-fuel facilities. Minimum premiums begin at $2,500.
Available limits: Up to $25 million.
Carrier: Various carriers. No rating information provided. Admitted and nonadmitted.
States: All.
Contact: Mike Tourtellott at 916-449-9640 or e-mail MTourtellott@sloanmason.com.
Non-Profit Organization Package
Market Detail: Bliss & Glennon Inc. offers a plan to package the directors and officers/employment practices liability, general liability, property, special events and liquor liability all on one policy for nonprofit organizations. Examples of a few of the acceptable classes include: chambers of commerce, trade associations, charitable foundations, business associations, drug and alcohol counseling centers, gambling counseling centers, homeowner associations, townhome associations, residential condo associations, choir groups, churches, fraternal clubs, plays and operas. Minimum premiums begin at $500 as do minimum deductibles.
Available limits: $100,000 to $2 million.
Carrier: Unable to disclose. “A++” rated by A.M. Best. Admitted and nonadmitted.
States: All.
Contact: Shane Bouma at 310-372-9115 ext. 1345 or e-mail boumash@bgsurplus.com.
Private Money Lenders REO/FP
Market Detail: Innovative Risk Solutions Inc. (om) offers agents a source for their private lending clients in need of an REO and “forced placed” coverage market. Private, non-bank lenders need a market for property protection when/if the mortgagor fails to secure the correct property protection. In this program, rehab property and vacant property are acceptable. Policies can be administered online and the insured has instant access to an Evidence of Insurance. Monthly billing is available. Deductibles begin at $2,500.
Available limits: Up to $100 million.
Carrier: Lloyd’s. “A” rated by A.M. Best. Nonadmitted.
States: All.
Contact: John Watt at 954-931-4795 or e-mail jwatt@irs-incorporated.c.
Household Goods Motor Truck Cargo
Market Detail: Transportation Risk Underwriters Inc. brings agents a cargo market for all household goods movers. Less than two years experience, acceptable. 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.
Carrier: Multiple carriers. “A-” to “A+” rated by A.M. Best. Admitted and nonadmitted.
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.
Bio-Fuel Manufacturers Casualty
Market Detail: International Excess Agency Inc. offers agents access to liability protection designed specifically for manufacturers of bio-diesel. The program also allows agents to offer time element pollution liability coverage to both premises/operations and products/completed operations losses. Coverage can be provided on either an occurrence or claims made coverage trigger. Defense is in addition to the coverage limits. Other unique features include: a zero deductible option; medical payments coverage; worldwide coverage for products suits; coverage for short-term business activities and $100,000 product withdrawal expense coverage. Minimum premiums begin at $15,000.
Available limits: Up to $2 million.
Carrier: General Star. “A++” rated by A.M. Best. Admitted and Nonadmitted.
States: All.
Contact: Kenneth Kukral at 216-797-9700 or e-mail kkukral@intlxs.com.
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