My New Markets

March 21, 2016

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New Admitted Homeowner Program
Market Detail: King Insurance Support Systems has a new homeowner program for preferred HO3 and DP3 business. The program was created in partnership with Hyundai Marine & Fire Insurance Company to provide comprehensive coverage featuring: competitive commission 15 percent new business; direct bill with credit card and electronic funds transfer acceptable; available on Vertafore and King website. Homeowner coverage features available include: dwelling $130,000 to $1.2 million; LLCs and partnerships are OK; protection class 1 to 7; 1,001 feet from brush or less than submit; one to two losses; homes built in 1941 and newer, or if completely renovated OK; wildfire hazard score higher than seven is ineligible. Dwelling coverage requirements include: DP2 and DP3 available – tenant occupied; dwelling $130,000 up to $800,000; must write primary to write DP3; one to two losses OK; and earthquake California Earthquake Authority.
Available limits: Minimum $130,000, maximum $2 million
Carrier: Hyundai Marine & Fire Insurance Co.
States: Calif. Only.
Contact: Vanessa Treff at 800-488-4096 or email: vanessa@kinginsuranceca.com.

Interpreters and Translators
Market Detail: Professional Program Insurance Brokerage offers professional liability policies that protect against claims alleging errors, omissions and/or negligent acts from translating or interpreting services. Policies are rated based on gross receipts and can include coverage for domestic and foreign subcontractors and/or employees as long as those receipts are included. Coverage can also be extended for general liability.
Available limits: Minimum $250,000, maximum $1 million.
Carrier: Unable to disclose, non-admitted.
States: All states except Alaska and Miss.
Contact: Susan Etter at 415-475-4300 or email: info@ppibcorp.com.

Aviation and Aerospace Insurance
Market Detail: Transport Risk Management, Inc. practices of aviation insurance and risk management services with offices located in Denver; Austin, Texas; Los Angeles; and Scottsdale, Ariz. As an aviation and aerospace brokerage, Transport Risk provides clients with a complete service for all their insurance, reinsurance and risk management needs.
Available limits: Minimum $1 million, maximum $1 billion.
Carrier: Various, admitted and nonadmitted available.
States: All states.
Contact: Terry Miller at 866-256-0227 or email: tmiller@transportrisk.com.

Liability, Property and/or Excess coverages for Large Operations
Market Detail: Insurance Brokers of Indiana partners with a competitive carrier that is willing to write liability, property and excess coverages for large construction, manufacturing, energy, environmental and railroad accounts. Both admitted and nonadmitted options available. High limits available. In addition to general liability, property and excess, IBI can offer coverage for pollution, product recall, professional liability, directors and officers, and inland marine.
Available limits: Minimum $1 million, maximum $25 million.
Carrier: Liberty International Underwriters.
States: Ill., Ind., Ohio, and Pa.
Contact: Brian Collins at 317-888-2593 or email: bcollins@goibi.com.