My New Markets

May 19, 2014

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Adult entertainment/Gentleman’s Clubs
Market Detail: Founders Insurance Co. offers affordable liquor liability protection for hard-to-place risks, including: live entertainment, late closings, new ventures, prior claims, and more. Liquor liability features include: policy limits up to $1 million per occurrence/$2 million aggregate; defense costs covered in addition to the policy limit; additional insured coverage available; no deductible; and premium financing through subsidiary, where available.
Available limits: Minimum $100,000, maximum $1 million.
Carrier: Founders Insurance Co..
States: All states except Miss., N.J., N.M., Pa., S.C., Texas, and W.V.
Contact: Customer service at 800-972-8778.

Hull and P&I Insurance
Market Detail: U.S. Risk Insurance Group places insurance for all types of commercial watercraft from singleton risk to offshore fleets. Coverage available includes: hull/protection and indemnity (including crew coverage); standalone hull and/or protection and indemnity; fixed pricing or P&I club. Gulf of Mexico and worldwide oilfield support craft risks written, including: supply vessels, crewboats, tugs, lift/spud barges, and research vessels; gauging boats and all manner of vessels engaged in the energy trade. Towing vessels/barges are also eligible, such as: vessels involved in U.S. and foreign towing; U.S. business including East/West Coast plus inland/coastal Gulf Waters & River Trade; and intracoastal and construction operations. In addition to vessel coverages, U.S. Risk can provide for all primary and excess marine liabilities including, but not limited to: bumbershoots, shiprepairers, wharfingers, charterers, stevedores and maritime employers liability.
Available limits: As needed.
Carrier: Unable to disclose.
States: All states.
Contact: Bill Fehlis at 800-833-8803 or e-mail: bill.fehlis@usrisk.com.

Bankers
Market Detail: IT Risk Managers Inc. offers E&O, professional liability, cyber liability, technology E&O, D&O, BOP, and miscellaneous professional liability.
Available limits: As needed.
Carrier: Unable to disclose.
States: All states except D.C.
Contact: Customer service at 888-280-8710.

Limousines
Market Detail: RMIS has competitive rates on stretch and extra stretched limos, including single unit new ventures to large fleet accounts. Limits available up to $5 million. Phone quotes are available for up to three units.
Available limits: Maximum $5 million.
Carrier: Unable to disclose, admitted.
States: Calif. only.
Contact: Commercial Underwriting at 714-738-1383 or e-mail: commercial@rmismga.com.

Auto Transporters Program
Market Detail: The Insurance Professionals provide a nationwide program for auto transporters with A+ paper. Minimum fleet size is 20 available in all states except Alaska, Hawaii and Mass. Very large accounts are eligible.
Available limits: Minimum $500,000, maximum $1 million.
Carrier: Various, admitted.
States: All states except Alaska, Hawaii and Mass.
Contact: Michael Chernek at 480-905-5103 or e-mail: mike@theinspro.com.

Errors & Omissions Liability Insurance
Market Detail: Axis Insurance Services LLC builds custom errors and omissions liability insurance products for clients.
Available limits: Minimum $300,000.
Carrier: Unable to disclose, non-admitted and admitted available.
States: All states.
Contact: Mike Smith at 201-847-9175 or e-mail: msmith@axisins.com.

RenneRx Insure
Market Detail: A.J. Renner & Associates provides coverage to manufacturers, distributors and packagers of generic pharmaceutical products with its RenneRx Insure program. The exclusive program has been providing primary pharmaceutical product liability coverage since 1990 and is underwritten by Chubb Group of Insurance Cos. with limits up to $15 million. In addition, exclusive capacity of $10 million is available through Ironshore. Where the majority of revenues are generated from generic pharmaceutical products, the program can entertain: manufacturers; distributors; packagers; contract manufacturers; virtual manufacturers; and products in bio studies and clinical trials.
Available limits: Maximum $15 million.
Carrier: Unable to disclose.
States: All states.
Contact: Tracy Boss at 312-755-0084 or e-mail: tracy.boss@ajrenner.com.