My New Markets
Market Detail: Nomadx, in partnership with Balance Partners, provides professional liability insurance exclusively for trustees. Highlights include blanket coverage for trusts; broad definition of trustee duties, including both fiduciary and non-fiduciary roles; no failure to effect or maintain insurance exclusion; prior acts coverage available; 80/20 hammer clause; coverage available for SPVs; cyber liability; employee theft available; general liability on claims-made basis. Target classes include trusts with assets $5 million-plus; independent and professional trustees; co-trustees with institutional trustees; agent for trustee. Excluded classes include family member trustees unless co-trustee, appointed an agent for trustee, or serving in a directed trust capacity; CPA; actuary; broker/dealer services; certified financial planner; healthcare; legal; licensed insurance agent or broker; securities or investment advisor. Has pen.
Available Limits: Limits of liability up to $5 million.
Carrier: Lloyd’s of London, non-admitted, rated A+ XV by A.M. Best.
States: Available in all 50 states plus District of Columbia.
Contact: Judy Pearson, nomadx@balanceuw.com, 512-923-6278.
Market Detail: Method Workers’ Comp offers a workers’ compensation program with highlights that include guaranteed cost, no experience mod caps, flexible payment, including monthly payroll reporting, and competitive commissions. Method has exclusive programs in all non-monopoly states; partners with only a select group of agencies in each state. $10,000 minimum premium; has pen; appointment required.
Available Limits: Not disclosed.
Carrier: Not disclosed, admitted.
States: Available in most states plus District of Columbia. Not available in Alaska, Hawaii, Idaho, Maine, Minnesota, North Dakota, Ohio, New York, Washington and Wyoming.
Contact: Julie Richt, julie.richt@methodinsurance.com, 402-557-6109.
Market Detail: Urban Advantage Insurance in partnership with Aegis Security Insurance Co. offers a new homeowners insurance program in California that includes homeowners, dwelling fire, and renters’ insurance coverage. $70,000 minimum premium/ $1.5 million maximum premium; has pen; appointment required.
Available Limits: $70,000 minimum premium, $1.5 million maximum premium
Carrier: Aegis Security Insurance Co., admitted, rated A- by AM Best.
States: California
Contact: Laura Fouty, laura.fouty@urbanadvantage.com, 626-487-4429.
Market Detail: Convelo Insurance Group LLC offers private flood insurance coverage. Highlights include quote, bind and issue for qualifying risks; nationwide capability; commercial and residential primary flood; business income available for commercial properties and rental homes; replacement cost for building and contents; policy wording meets lender compliance; no wait period for loan closing; 7-day wait period for coastal tier 1 counties; 14-day wait period for inland risk; excess flood available (building, contents, business interruption). $5 million maximum premium; appointment required.
Available Limits: Combined building and contents limits to $5,000,000.
Carrier: Not disclosed, A rated, non-admitted.
States: Available in all 50 states plus District of Columbia.
Contact: Brian Botwinick, bbotwinick@conveloins.com, 732-944-0457.
Market Detail: Bluewater Insurance is a specialty insurance firm providing a stand-alone fine arts and collectibles insurance product. Additional products include gallery, auctioneer, dealer and corporate collection protection. $15,000 minimum premium.
Available Limits: $15,000 minimum premium.
Carrier: Markel Insurance, admitted.
States: Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Iowa, Kansas, Louisiana, Maryland, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Utah, Washington, Wisconsin.
Contact: Jason Saarm, jasons@bluewater-ins.com, 949-424-4139.
Market Detail: GMI Insurance Services offers a program providing daily auto rental coverage for fleets operated by new and used car dealerships; independent and franchised car rental agencies; auto repair shops and collision centers; and self-storage facilities. Prospects include independent franchisees of Hertz, Avis, Budget, National, etc.; any independent auto rental operator; dealerships or repair shops with auto rental fleets; or storage facilities with truck rental fleets. Each account is underwritten carefully, based on each client’s individual need. Program highlights include all claims handled in-house; any size fleet, big or small; no obligation policy comparison provided; risk management and loss control services; claims analysis and loss run reviews; standalone rental subrogation unit. Has pen; appointment required.
Available Limits: Not disclosed.
Carrier: Admitted, rated A by A.M. Best.
States: Available in all 50 states plus District of Columbia.
Contact: Dave Bond; DBond@GMI-Insurance.com; (610) 933-4679, ext 272
Market Details: Tower Program Insurance Services Inc. offers Tower Construction Casualty Program in conjunction with Zurich North America serving over 100 independent insurance agents nationwide. No geographic restrictions and not affiliated with any national insurance agencies. $45,000 minimum premium/$4 million maximum premium.
Available Limits: Not disclosed.
Carrier: Zurich North America, admitted, rated A by A.M. Best.
States: Available in all 50 states plus District of Columbia.
Contact: Scott Hermesmeyer; scott.hermesmeyer@towerinsuranceprogram.com; 512-633-3014.