My New Markets
Market Detail: XPT offers workers’ compensation coverage for a wide variety of classes. XPT launched its workers’ comp online platform to offer access to multiple A-rated carriers from a single submission. The platform offers a fast, efficient way to submit business. It allows agents to determine if the account is eligible for underwriting based on the class code(s), provides quick turnaround time, and allows for direct communication with XPT’s team. The program has a PEO option, offering coverage for artisan contractors, auto dealers, golf clubs, truckers, restaurants, bars and taverns, hotels, manufacturers, and many more. Eligible premiums range from $2,500 to $1 million-plus; it provides quick turnaround time, competitive commission and the highest level of customer service. Appointment required.
Available Limits: Eligible premiums ranging from $2,500 to $1 million-plus.
Carrier: Multiple, rated A-VII or better by AM Best.
States: Available in most states plus District of Columbia. Not available in North Dakota, Ohio, Washington and Wyoming.
Contact: Dan Rieden; dan.rieden@xptspecialty.com; 714-395-5068.
Market Detail: USA American Eagle Bonds INS Agency LLC writes surety bonds, performance bonds and fidelity nationwide for bad credit, good credit and weak financials. Many instant-issued license bonds — just a credit check is required for performance bonds and bid bonds; good-credit clients can be written up to $750,000. Performance bonds over $750,000 would require financial statements. Get approvals for non-standard and hard to place performance bonds for any amount. Most non-standard bonds written without any cash collateral or funds control. Performance bond plus reclamation and subdivision bonds. Easy performance bonds for good credit clients up to $3,000,000 with a simple application a current year-end business financial and a personal financial statement. Has pen.
Available Limits: See above.
Carrier: Admitted.
States: Available in most states plus District of Columbia; not available in Alaska, Hawaii, New York and South Dakota.
Contact: Kathryn White; aebonds@msn.com; 855-852-2663.
Market Detail: reThought Insurance offers a residential flood insurance program. Coverages: building; contents (basement included); other structures; loss of use; increased cost of construction; increased cost of compliance debris removal building ordinance and law; basement coverage included. Primary and excess coverage available. Elevation certificates not required. Has pen.
Available Limits: Available aggregate limits of up to $5 million on homes valued up to $20 million.
Carrier: Trisura Specialty.
States: Available in most states plus District of Columbia; not available in Alaska and Hawaii.
Contact: Joe Simmons; joseph@rethoughtinsurance.com; 215-398-1948.
Market Detail: Blackmoor General Agency has a new, exclusive trucking facility available in 10 states. Carrier is non-admitted, Demotech “A”-rated with the ability to handle all necessary filings. Blackmoore targets mostly small fleets of one-to-five units, including owner-operator operations, but larger fleets can also be entertained. Looking for heavy, extra-heavy and semi-trucks for short, intermediate and long-haul routes hauling common goods and non-hazardous payloads. Can entertain new and newer ventures, as well as exceptional, average and challenging risks. Coverage includes auto liability, personal injury protection, medical payments and uninsured/underinsured motorists. Has pen; appointment required.
Available Limits: Up to $1 million.
Carrier: Art Torrington; non-admitted; “A”-rated by Demotech.
States: Available in California, Florida, Georgia, Illinois, Louisiana, Michigan, New Jersey, North Carolina, Ohio and Pennsylvania.
Contact: Sue Lafferty; slafferty@blackmooragency.com; 267-495-2315.
Market Detail: SHG Insurance Services LLC offers coverage for e-cigarettes, e-liquids and vaping products. Coverage is available for a full range of CGL, including products liability, competitively priced. Capabilities include coverage on both occurrence and or claims made, with limits up to 5/5/5/5, depending on form and coverage needed. Can provide insurance in all 50 states and internationally, with true foreign cover. Has pen.
Available Limits: Limits up to 5/5/5/5.
Carrier: Non-admitted.
States: Available in all 50 states plus District of Columbia.
Contact: Bill Ambler;billambler@shgins.com;805-686-1148.