My New Markets

March 23, 2020

Market Detail: Western Security Surplus Insurance Brokers LLC (www.wssib.com) has 11 carriers offering: DIC, earthquake, flood, EQSL, replacement cost, competitive deductibles, full limits or loss limits, primary or excess limits, limits up to $100 million available, and more.

Available limits: As needed

Carrier: Unable to disclose

States: Ala., Ariz., Ark., Calif., Colo., Fla., Ga., Hawaii, Idaho, Ill., La., Mo., Neb., Nev., N.J., N.M., N.Y., N.C., Ohio, Okla., Ore., Pa., R.I., S.C., S.D., Tenn., Texas, Utah, Wa., and Wash.

Contact: Mark Kaufman at 800-733-5844, ext. 2105 or e-mail: markkaufman@WSSIB.com

Market Detail: UCPM Environmental Insurance (www.ucpm.com) offers contractors pollution liability (CPL), a growing product in the environmental insurance industry. Many owners and general contractors are requiring pollution insurance when contracting with subcontractors. To help find CPL options from various carriers, UCPM has partnered with multiple carriers to create an online quoting platform. Due to the automated underwriting process, the online quoting process is more efficient and offers more competitive premiums. Through this program, retail agents can fill out one app and receive multiple quotes with different limit and deductible options, helping them find the best coverage for the best price for their client. Features of online portal include: immediate pricing and bindable quotes; one simplified online application accepted by all online carriers; multiple limit and deductible options; data analytics that drives competition and evolves carrier offerings; project-specific and annual practice quotes; limits up to $10 million/$10 million; deductibles from $1,000 to $25,000; contractors with projected annual revenues up to $100 million; enhanced coverages such as NODS, TPL and sudden and accidental site coverage; covered analysis to compare quote options side-by-side; every online submission serviced by a construction team broker; live chat with UCPM team members during business hours. With the ability to get multiple bindable quotes in a matter of minutes, the online CPL program can be a one stop shop for retail agents looking to quote CPL.

Available limits: Minimum $250,000, maximum $10 million

Carrier: Unable to disclose, non-admitted available

States: All states

Contact: Kevin Doyle at 800-685-8185 or e-mail: kdoyle@ucpm.com

Market Detail: SPS – Specialty Programs Solutions (www.spsins.com) has programs available for the following classes in all 50 states: logging operations; woodyard and sawmill operations; chipping operations; land clearing contractors; general contractors and developers; street and road contractors; grading and excavation contractors; builders’ risk; warehouseman’s legal liability; motor truck cargo; installation floaters; fine arts; EDP and medical equipment.

Available limits: As needed

Carrier: W.R. Berkley Company, One Beacon Insurance

States: Ariz., Calif., Colo., Fla., Hawaii, Idaho, Mont., Nev., Ore., Texas and Wash.

Contact: Jeff Vaughn at 770-833-3129 or e-mail: jvaughn@spsins.com

Market Detail: Centrex Underwriters (www.centrexuw.com) offers liquor liability insurance for adult entertainment, bars and taverns, clubs, comedy clubs, dance halls, fraternal organizations, nightclubs, restaurants, special events, and stores.

Available limits: Minimum $50,000, maximum $1 million

Carrier: Hudson Specialty Insurance Company

States: Ala., Ariz., Ark., Calif., Colo., Dela., D.C., Fla., Ga., Hawaii, Idaho, Ill., Ind., Ky., La., Maine, Md., Mass., Mich., Minn., Miss., Mo., Mt., Nev., N.J., N.M., N.Y., N.C., Ohio, Ore., Pa., R.I., Tenn., Texas, Utah, Vt., Va., Wash., W. Va., and Wyo.

Contact: Erik Carlson at 901-767-4754 or e-mail: ecarlson@centrexuw.com