My New Markets

August 16, 2021

Market Detail: MiniCo Insurance (www.minico.com) is offering a landscaping insurance program that provides NALP members with a comprehensive commercial package product including workers’ compensation. It also encourages the professional landscaper community to take advantage of all the member benefits that NALP offers, including accreditation certifications, education, online training and resources, and supplier discounts. The program includes: NALP Association and accreditation premium discounts (where allowable); Monthly GL and WC payroll reporting (“pay as you go”); Direct bill, monthly pay for all lines; NALP member advisors can help with items pertaining to government affairs, human resources, legal advice, and safety. Eligible Operations: landscape installation; maintenance; lawn care services; hardscape; arborists; snow removal and nursery. Highlights: landscaper services workmanship error–property damage included; pesticide and herbicide coverage included; general liability-blanket A/I, waiver of subrogation, and per project aggregate all included; general liability coverage extension; landscapers property coverage extension; equipment breakdown; no subsidence exclusion; new ventures can be considered; various per occurrence deductible options; must be or become an NALP member at time of binding.

Available limits: As needed

Carrier: AXIS Insurance Co. (commercial package); Berkshire Hathaway Homestate Cos. (workers’ compensation)

States: All states; commercial package coverages are not yet available in FL, LA, and NE. Workers; compensation is available in all non-monopolistic states.

Contact: Dan Sommer at 800-447-8383 or email: dsommer@minico.com

Market Detail: Coastal Brokers Ins. Services (www.www.coastalbrokersins.com) provides insurance for tattoo parlors in 15 states. Body art, including tattoos and body piercing have become a rapidly evolving expression of individuality and creativity. However, coverage for the artists has not kept pace and it has become more difficult than ever to find adequate coverage for these risks. Coastal Brokers newly enhanced tattoo parlor product offering provides a one-stop option for this coverage. Coverage includes: body art/body piercing general liability; professional liability; assault and battery; abuse and molestation. Up to $2 million/$4 million limits for general liability; combined limited assault and battery/abuse and molestation-sub-limit of $100,000/$300,000. Miscellaneous professional liability for tattoo and body piercing artists. Rated on revenue to reduce rated premiums. Competitive minimum premiums with the option to add contents coverage. Min. premium $500.

Available limits: $4 million max; $300,000 minimum

Carrier: Various, admitted and non-admitted available

States: Arizona, California, Colorado, Georgia, Hawaii, Idaho, Illinois, Indiana, Nevada, Ohio, Oregon, South Dakota, Tennessee, Texas, Utah

Contact: Cynthia Walker at 916-621-6045 or email: cwalker@ntacoastal.com

Market Detail: HAI Group (www.housingcenter.com) offers property and general liability markets for affordable or mixed-income housing, U.S. Department of Housing and Urban Development (HUD)-financed properties, Low Income Housing Tax Credit (LIHTC) developments; low-income senior housing; and Section 8. Commercial property coverage includes: enhancement endorsement designed for apartment owners and property managers; computer equipment within business personal property, eliminating a separate coverage form; sublimits for earthquake, flood, and business income/extra expense (earthquake and flood not available in high-risk areas); option to include equipment breakdown (boiler and machinery) as an endorsement; installment pay plans are available for qualifying accounts. Other highlights: option to include employee benefits liability (claims made basis); option to cover hired and non-owned auto as an endorsement, eliminating a separate policy (not available in all states); option to cover on a location aggregate basis; option to cover employers liability (stop gap) where there are state-run workers’ compensation (monopolistic) programs; installment pay plans are available for qualifying accounts. Proven experience in subsidized housing and low-income tax credit developments. Financial Size Category: IX ($250 million to $500 million). The FSC is based on adjusted policyholders’ surplus (PHS) and is designed to provide a convenient indicator of the size of a company in terms of its statutory surplus and related accounts.

Available limits: $50,000 minimum limit

Carrier: Housing Enterprise Insurance Co.; admitted; Rated A (Excellent) by A.M. Best Co.

States: California, Idaho, Illinois, Indiana, Kentucky, Maine, Maryland, Michigan, Minnesota, Nevada, New Hampshire, New Mexico, New York, Ohio, Tennessee, Utah, Vermont, Washington, West Virginia, and Wisconsin.

Contact: Steve Burlingame at 800-873-0242 or email: sburlingame@housingcenter.com.