New Markets
Market Detail: AmWINS Group, Inc.’s (www.amwins.com) AmWINS Specialty Logistics Underwriters (ASLU) is a specialist in the nuances of logistics insurance offering creative products to protect a client’s assets and avoid costly chain disruptions that can occur when shipping goods both domestically and globally. Target clients include freight forwarders. Each policy issued by ASLU is tailor-made for each client in accordance with the services they provide, as well as the individual exposures attached to them. Services provided by a freight forwarder may include: international or domestic transportation brokerage; customs house brokerage; non-vessel operating common carriers (NVOCC); indirect air carriers (IAC); motor truck carrier (MTC); warehousemen. All risk coverage is available for clients through their insurer for ocean and inland shipments, as well as for goods in storage/warehouse. Program highlights: admitted paper through A-rated carrier; all necessary coverages under one package; dedicated staff for the life of the policy; timely response to brokers; timely quoting, binding and issuance of endorsements; work with the insured to standardize the insurance-related portion of their contracts and minimize their exposures; customize a coverage package suitable for each individual insured; certificate issuing platform for shippers interest and warehousing with full report capabilities; worldwide claim settling agents. Coverage is backed by government funds to pay claims in the event of bankruptcy. Coverage and limits include: $15 million any one conveyance on shippers interest ocean cargo; $15 million any one conveyance on shippers interest domestic transit; $15 million any one location for third-party warehousing; $5 million any one conveyance for carriers legal liability.
(NVOCC, IAC, MTCLL & Contingent); $1 million any one occurrence for freight forwarders E&O; $15 million any one location for warehouse legal liability. Minimum premium of $10,000.
Submission requirements include: ASLU application or full broker application; contracts of carriage/warehousing in use by the insured; 5-year loss experience; other information, if necessary, requested upon submission.
Available limits: Minimum $10,000, maximum $15 million
Carrier: Argo
States: All states
Contact: Alex Rosas at 754-260-2199 or email: alex.rosas@amwins.com
Market Detail: SIS Wholesale Insurance Services (www.sisinsure.com) offers over 4,000 eligible classes needing E&O coverage, including: administrators, advertising agencies; billing services (medical & non-medical); business consultants; collection agencies; computer data process; consultants – human resources; customs brokers/freight forwarders; drug testing; event planners; executive search services; graphic design; home inspections services; property preservationists; litigation consulting services; management consultants; social services; software consulting services; telemarketers; travel agents; tax preparation/bookkeepers; and trustees.
Coverage highlights include: broad definition of insured; professional services crafted for each risk; independent contractors coverage; bi-lateral extended reporting period; worldwide coverage; claims-made form.
Available limits: As needed
Carrier: Unable to disclose
States: All states
Contact: SIS Wholesale at 866-716-7242 or e-mail: wholesale@sisinsure.com
Market Detail: Pascal Burke Insurance Brokerage, Inc. (www.pbibins.com) offers workers’ compensation for contractors and roofers with a preferred program requiring 3 years of loss runs. A-rated carrier with competitive rates.
Available limits: Minimum $500,000, maximum $1 million
Carrier: Unable to disclose, admitted
States: Ala., Ark., Ariz., Calif., Conn., Del., Fla., Iowa, Idaho, Ind., Kan., Ky., Md., Mich., Minn., Mo., Miss., Mont., N.C., N.D., Neb., N.H., Nev., Ohio, Okla., Ore., R.I., S.C., S.D., Tenn., Texas, Utah, Va., Wis., W.Va., and Wyo.
Contact: Pascal Burke at 949-285-1249 or e-mail: pascal@pmaxins.com
Market Detail: Flood Risk Solutions, Inc. (www.floodsol.com) offers private market primary and excess flood products. Coverage highlights include: A-rated paper including coastal geographies in Florida, Louisiana and Texas; $5 million in primary limit (commercial and residential; up to $500 million in excess limit available; more than 20 insurers) with TIV’s of up to $2 billion considered; business income coverage available, as well as content coverage; ability to write in critical flood zones; replacement cost endorsement; coverage equal or greater to the baseline NFIP policy.
Available limits: Minimum $50,000; maximum $500 million
Carrier: Various, admitted and
nonadmitted available
States: Conn., Del., Fla., Ga., La., Mass., N.J., N.Y., and Texas
Contact: Brendan Moeller at 813-336-8226 or e-mail: bm@floodsol.com
Market Detail: CannGen Insurance Services, LLC (www.canngenins.com) offers $250,000 per conveyance limit, per vehicle, for cash, money, securities and cargo. ISO forms used. Classes include fleets up to 50 revenue generating units. Minimum premium starting at $5,000.
Available limits: Maximum $500,000
Carrier: Unable to disclose, nonadmitted
States: All states
Contact: CannGen Insurance Services at 888-751-3141 or e-mail: cannapp@CannGenins.com
Market Detail: Boston Insurance Brokerage LLC’s (www.bostonbrokerage.com) coverage includes: primary; excess; buffer; difference-in-conditions; inland marine; ocean marine; and quota-share. Deductible buy downs and single peril options available.
Available limits: As needed
Carrier: Unable to disclose, admitted and nonadmitted available
States: All states
Contact: Gordon Bewick at 866-331-1997 or e-mail: gbewick@bostonbrokerage.com
Market Detail: Halcyon Underwriters (www.halcyonuw.com) offers builder’s risk in all states at a competitive rate on all types of projects with top-rated carriers. Halcyon’s underwriting practices, client retention, continued organic growth, data analytics, risk management and efficiency deliver profitable performance results for carrier partners in both soft and hard markets.
Available limits: As needed
Carrier: Lexington, Hartford, Zurich, Safehold, Markel, Ironshore, Vault
States: All states
Contact: Jason Mata at 321-527-2180 or e-mail: marketing@halcyonuw.com