My New Markets

November 7, 2022

Market Detail: Builders & Tradesmen’s Insurance Services Inc. BTIS provides comprehensive Cyber coverage for a newly expanded list of business types. This broad market serves over 1,000 eligible class codes, including recently added options for $50-100 million revenue businesses, such as retail and food services, hospitals and healthcare, finance, technology, construction and many more. Coverage focuses on minimizing disruption and financial loss from cyberattacks. Policies include detailed security reports, active risk monitoring and dedicated recovery team.

Available Limits: Not disclosed.

Carrier: Rated A++ by AM Best.

States: Available in 50 states plus District of Columbia.

Contact: Barron Hess; bhess@btisinc.com; 855-359-5529.

Market Detail: Transportation Risk Underwriters offers a property insurance program for hard to place risks including dry goods, non-hazardous; sprinklered storage or hazardous storage chemicals; oils, aerosols, biofuels, fireworks, explosives; vacant property/chapter 11; woodworkers; cold storage; EPS risks with or without cooking; plastic injection molders; recyclers — wood, paper, cardboard, metal or rubber; medical centers, admin. Prefers small to mid-size enterprise businesses; can do primary or excess layers. Usual list of conditions, exclusions/warranty and NMA — LMA clauses to apply. Submission requirements: full details — COPE and pictures inside and out; plus 5-year claims record; survey and prop forms if available. If not available, indications will be subject to survey report within 60 days of inception at underwriter’s expense. Appointment required.

Available Limits: Rates start at 1%; schedules of values — $2 million up to $100 million with maximum capacity or line of $4 million. Minimum premium $50,000.

Carrier: Not disclosed.

States: Available in most states. Not available in Alaska, Hawaii and District of Columbia.

Contact: underwriting@transportationrisk.com; 800-977-9884.

Market Detail: SAGE Program Underwriters provides workers’ compensation coverage for the shooting sports industry, with over 50 years of insurance program expertise. Expertise includes underwriting indoor and outdoor ranges, trap and skeet, retail gun stores, firearms and ammo manufacturing risks. Has pen.

Available Limits: Not disclosed.

Carrier: Admitted; rated A-XII by AM Best.

States: Available in most states and District of Columbia. Not available in Alaska, Hawaii, Massachusetts, North Dakota, Ohio, Washington and Wyoming.

Contact: Chuck Holdren; info@sageuw.com; 833-724-3111 x 700.

Market Detail: Lexington National provides insurance coverage to service contract providers, obligors, manufacturers and retailers. Our AM Best A- rated paper ensures compliance with state regulations and third-party lenders. Lexington National is licensed to issue CLIPs in every state except Hawaii and Washington. LNWS is available to act as an obligor/provider in every state except California, Hawaii, and Washington. Service contracts: Auto — service contracts associated with automobiles including VSC, GAP, tire and wheel, etch, key replacement and others. Consumer goods — mechanical breakdown and ADH for consumer electronics, appliances, furniture, jewelry, sporting goods and more. Designated contracts — covers commercial and other agreements where contractual risk transfer is desired. Home — home warranty and related service contracts and is flexible to adapt our CLIP and Obligor services to meet the needs of our customers. Partners: insuretech companies; franchise and independent auto dealers; automotive; consumer goods; third party administrators; manufacturers.

Available Limits: Not disclosed.

Carrier: Rated A- by AM Best.

States: Available in most states plus District of Columbia. Not available in Hawaii and Washington.

Contact: Ronald Frank; rfrank@lexingtonnationalinsurance.com; 800-951-2663.

Market Detail: Lawrence Victoria Inc. offers a professional insurance tracking system. Servicer tracks insurance, then its insurance tracking system handles all private labelled notifications when there is exposure; notifications sent to bank or direct to borrower. Benefits include: complete compliance safety-net; allows servicer complete control over the process; removes letter tracking duties; prompts borrowers to maintain insurance. Ideal users are servicers who want to maintain control of their LPI program; compliance oriented with focus on a fail-safe system for required letter language, letter preparation and letter timing compliance. Works direct with insured or via sub-agents. Has worked with agents since 1976 to help grow their business by offering superior programs, pro-active compliance support and high touch service.

Available Limits: Not disclosed.

Carrier: Not disclosed.

States: Available in all 50 states plus District of Columbia.

Contact: Jamey Lawrence; jamey@lviainc.com; 440-349-0775.