My New Markets
Market Detail: SeedPod Cyber, a managing general agent, is a specialized provider of cyber insurance and tech errors and omissions (E&O) coverage, designed to help businesses mitigate the financial impact of cyber incidents. With the increasing prevalence of data breaches, ransomware attacks and other cyber threats, SeedPod Cyber offers tailored coverage options that address the unique risks faced by organizations in today’s digital landscape. With a commitment to transparency and customer support, Seedpod Cyber empowers businesses to confidently navigate the complexities of cyber risk while safeguarding their assets and reputation. SeedPod Cyber also provides education, collateral, and instant quotes to their broker partners. Has pen.
Available Limits: Not disclosed.
Carrier: Not disclosed.
States: Available in all states plus the District of Columbia.
Contact: Ryan Windt; ryan.windt@seedpodcyber.com; 610-241-9434.
Market Detail: Berkley Small Business Solutions, a member of W. R. Berkley Corporation, is offering a program for micro-business owners and businessowners insurance. For micro-businessowners — highlights: Home-based and shared space businesses; business personal property limit between $2,500 to $25,000; annual revenue up to $500,000. For businessowners — highlights: Up to 10 locations; total property limit $15 million; annual revenue up to $10 million. ISO Forms: retail or service endorsements for micro-BOP; hired and non-owned auto liability for BOP: employee benefits liability; professional liability coverages — beauticians, barber and hair salon, funeral directors, optical and hearing aid, veterinarian, printers errors and omissions (E&O). Proprietary forms -Technology E&O (Tec-Guard) for micro-BOP; computer system includes telephone system, data storage devices, networking equipment; technology incident means error, act or omission, actual or allegedly made, by any insured; rendering or failure to render technology service to others, or failure of technology products to perform the function or serve the purpose intended. Automatic extended reporting period — 12 consecutive months.
Available Limits: Business personal property limit between $2,500 to $25,000; businessowners total property limit $15 million.
Carrier: W. R. Berkley Corporation.
States: Available in Arizona, Arkansas, Colorado, Connecticut, Florida, Illinois, Indiana, Iowa, Michigan, New Hampshire, New Mexico, Tennessee, Wisconsin.
Contact: Ronnie Odell; rodell@berkleysmallbusiness.com; 818-818-1081.
Market Detail: Risk Partners Inc. offers a mileage-based insurance program that gives fleets control and visibility of their premium. Insureds receive real-time updates on premium changes, which are influenced by mileage and driver behavior. Driving events like speeding and harsh braking can be monitored through the driver dashboard, giving insureds the tools to correct negative driving habits and save even more premium. The program is targeting the following classes: artisan contractors (HVAC, roofing, solar, janitorial, etc.); non-emergency medical transportation; cannabis delivery; transportation network companies (TNC); on-demand delivery network companies (ODNC).
Available Limits: Not disclosed.
Carrier: Not disclosed.
States: Available in most states and District of Columbia. Not available in Alaska, Kansas, Kentucky, Massachusetts, Nevada, New York.
Contact: Brad Bartholomew; bbartholomew@riskpartners.com; 609-678-8665.
Market Detail: Coterie writes general liability and businessowners policies for this appetite. With Coterie Insurance, enjoy data at your fingertips and insurance at a click. The only prefill small commercial experience on the market means we answer our own underwriting questions. Bindable quote available in seconds based on two pieces of information: business name and address. Available to micro small businesses, start-ups and new businesses.
Available Limits: Not disclosed.
Carrier: Spinnaker Insurance Company, Benchmark Insurance Company and Clear Spring Insurance; rated A-(Excellent).
States: Available in all states, plus the District of Columbia.
Contact: John Poucher; john.poucher@coterieinsurance.com; 855-566-1011.
Market Detail: Jencap – Workers’ Compensation Division has a monoline workers’ compensation product for construction, which is its largest class code for workers’ compensation business. Jencap said it is seeing success placing new venture construction companies; artisan contractors — electricians, plumbers, carpet and tile installation; janitorial; heavy construction — steel erectors, roofers (commercial and residential), foundations, masonry; railroad contractors.
Available Limits: Not disclosed.
Carrier: Not disclosed.
States: Available in most states plus the District of Columbia. Not available in North Dakota, Ohio, Washington, Wyoming.
Contact: Tom Wold; tom.wold@jencapgroup.com; 714-430-7687.