New Markets

October 24, 2016

My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com

Apartments and Habitational
Market Detail: Leo Risk Services Inc. can help with difficult-to-place real estate schedules including apartments, dwellings, student and subsidized housing, high-rise, vacant properties and CAT exposed. Coverages available for property and casualty exposures. Submission requirements: ACORD, statement of values, habitational supplemental and five-year currently valued loss runs.
Available limits: Minimum $1 million, maximum $50 million
Carrier: Unable to disclose, admitted and nonadmitted available
States: Ala., Fla., Ga., La., Miss., N.C., S.C., Tenn., and Texas
Contact: Katie Nehls at 727-734-0040 or e-mail: knehls@leoriskservices.com

Excess Comprehensive Personal Liability
Market Detail: Pennock Insurance’s Excess Comprehensive Personal Liability Product is now available. Many of customers are seeing great success writing limits such as $500 CSL excess of $500 CSL, and $1 million CSL excess of $1 million CSL, to help meet the insurance needs of those locations needing additional liability coverage. Coverage features and advantages: Short-term rentals with no restriction on length of stay; limits available up to $5 million with a minimum attachment point of $100,000; and vacant land by itself is acceptable. Trusts, estates, limited liability corporations, and family partnerships are eligible as named insureds.
Available limits: As needed
Carrier: Unable to disclose, nonadmitted
States: D.C., Dela., Md., N.J., Pa., and Va.
Contact: Edwin Minner at 800-662-5182, ext. 1246

Rental Equipment & Party Goods Defender
Market Detail: Ascinsure Specialty Risk Rental Equipment and Party Goods serves contractors, homeowners, tool, tent and party and general rental companies and has hundreds of insureds nationwide. Ascinsure holds the pen for the rental program, which is backed by 25 years of experience in insuring the rental and party industries. For more information, email newbusiness@ascinsure.com.
Available limits: As needed
Carrier: Fireman’s Fund
States: All states except Alaska and Hawaii
Contact: Ken Helmick at 877-372-0517 or e-mail: ken@ascinsure.com

Energy / Alternative Energy
Market Detail: Southwest Risk is positioned to best assist its agency partners to help their clients through U.S. energy growth. Coverage and form needs vary by territory, and Southwest Risk will address those varying concerns. Whether the client is manufacturing products related to the energy sector or operating as a contractor, Southwest Risk has relationships with the key insurance companies writing this business. Energy business that can be placed include: oil and gas contractors; acidizing, cementing, cleaning, or swabbing; drilling or re-drilling (including directional drilling); installation or recovery of casing; instrument logging; well servicing; rig erection; pipeline; spooling; manufacturing; and alternative energy.
Available limits: As needed
Carrier: Unable to disclose
States: All states
Contact: Customer service at 214-206-4900

Lawyers
Market Detail: Jimcor Agencies‘ professional liability specialists can handle D&O and E&O risks. D&O protects the officers and directors of a corporation against claims for damages made against them allegedly caused by their negligent acts, errors or omissions while acting in their corporate capacities. Features include coverage available for public, private and nonprofit companies; dedicated professional liability specialists; defense outside the limits available; high limits and excess layers available; in-house binding authority; low minimum premiums; multiple “A” rated or better carriers; and quick turn-around.
Available limits: As needed
Carrier: Unable to disclose
States: Conn., Dela., Fla., Mass., Md., N.H., N.J., N.Y., Ohio, Pa., R.I., and W.Va.
Contact: Customer service at 201-573-8200