My New Markets

Market Detail: Futuristic Underwriters Inc. offers a fleet trucking program that includes auto liability, auto physical damage, cargo, and general liability. This program is focused on fleets that use modern telematics technology in their trucks. Our experienced underwriters and technology professionals look forward to working with transportation agents and their insureds to provide competitive coverage and reduce accidents. Has pen; appointment required.

Available Limits: Not disclosed.

Carrier: Admitted and non-admitted.

States: Available in all states plus District of Columbia.

Contact: Michael Gramm; michael.gramm@futuristicunderwriters.com; 888-615-6767.

Market Detail: Old Republic Surety offers the U.S. Small Business Administration’s Surety Bond Guarantee (SBG) program, which helps small and emerging contractors who lack experience and financial strength to obtain bonds through regular commercial channels. The SBA guarantees “bid bonds” and “payment and performance bonds” issued by select surety companies, allowing contractors who otherwise would not meet their minimum standards to obtain bonds. Old Republic Surety partners with the “SBA” as a “Prior Approval” surety, providing bonds up to $10 million for federal projects and up to $6.5 million for any public or private contract or subcontract project. The SBG program is a good fit for: start-ups and firms in business less than 3 years; firms with limited financial resources or job history; firms wishing to increase current bond limits; firms desiring to replace/reduce collateral; subcontractors interested in establishing capacity. Business eligibility: For construction, service and supply firms – $8 million revenue limit for some services such as landscaping; $16.5 million limit for most specialty trades; and $39.5 million limit for heavy construction; ownership variables, good character and reasonable expectation of completion; contractor was unable to obtain bond elsewhere with reasonable terms. The type of financial information required is based on the size and style for the project. For those seeking smaller bonds for certain kinds of projects, the SBA QuickApp program offers easy qualification without providing any financial statements.

Available Limits: Up to $10 million for federal projects and up to $6.5 million for any public or private contract or subcontract project.

Carrier: Not disclosed.

States: Available in all states plus District of Columbia.

Contact: Old Republic Surety; MidwestCommercial@orsurety.com; 800-247-2312.

Market Detail: InsuranceHelper.com offers a general liability event insurance program with broad coverage and low prices. Highlights: Host liquor coverage included and retail liquor coverage available; over 400 event classification codes; cover events up to 5,000 attendance; instant coverage; waiver of subrogation / primary wording available; hired and non-owned auto coverage available; free unlimited additional insureds; no coverage location limitation. $255 maximum premium; $40 minimum premium; has pen; appointment required.

Available Limits: Not disclosed.

Carrier: Several to choose from; non-admitted; rated A or better by AM Best.

States: Available in all states plus District of Columbia.

Contact: Marc Engellenner; brokers@insurancehelper.com; 530-648-1100.

Market Detail: Meramec Secure programs offer full support for companies seeking to form a new service contract provider. Meramec Secure directly and indirectly supports the regulatory, compliance, underwriting, technology, service network, claims administration, insurance carrier, reinsurance, and other aspects through its extensive network of subject matter experts. Clients can select what elements to insource and what elements to outsource to align with the client’s requirements for revenue recognition, customer experience, profit participation, and other critical items. Service contract reimbursement insurance and contractual liability insurance policies are used to support optional service contract programs and limited warranty programs.

Available Limits: Not disclosed.

Carrier: Not disclosed.

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

Contact: Mike Frosch; mike@meramecsecure.com; 800-466-7617.

Market Detail: For your occupational accident clients, Guardian Insurance Wholesalers Inc. provides a rating spreadsheet that allows you to quickly quote any size account. Passenger accident is available for $120 annual premium per passenger. (Only available with the purchase of OccAcc.) Contingent liability coverage available for $120 premium per driver. (Only available with the purchase of OccAcc.) Has pen; appointment required.

Available Limits: $1 million CSL/$2 million aggregate limit. This includes coverage for non-occupational accidents.

Carrier: Not disclosed.

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

Contact: David Huff; dlhuff@guardian-ins.com; 800-325-9059.