My New Markets
Market Detail: RevBond writes an extensive line of surety products on A.M. Best Rated A- (Excellent) paper and is licensed in all 50 states. RevBond can support service contract needs by focusing on the small to mid-size surety market (Single bonds up to $10,000,000 and Aggregations up to $10,000,000). Has pen and writes the following: environmental spill response, guard services, waste hauling/recycling, janitorial service contractors, student bus transportation services, landscaping, highway maintenance/mowing, aggregate supply, railroad repair and road maintenance.
Available Limits: Not disclosed.
Carrier: Not disclosed.
States: All 50 states and the District of Columbia
Contact: Chris Dobbs; chris.dobbs@revbond.com; 623-469-5821.
Market Detail: Insight Risk offers comprehensive Builder’s Risk insurance coverage to protect vertical construction projects against property losses and delay, including ground-up and renovation risks. As a technology-driven MGA, Insight Risk Technologies is reinventing Builder’s Risk insurance through a unique combination of granular, fact-based underwriting, proactive risk management, and proven risk mitigation IoT technologies deployed on each project. Superior financial and operational results for all stakeholders: contractors, developers, risk managers, brokers, and carriers. Target Class: Fire-resistive and non-combustible construction. Referral Classes: Wood frame and joisted-masonry construction. Target Occupancies: Offices, Educational (K-12 & Post-Secondary), Healthcare, Institutional, Apartments, and Hotels. Construction Size: $25M to $250M in TIV. Capabilities: 100% and lead Q/S lines with limited follow-line Q/S capacity — Project Specific, Master Builder’s Risk, or Multi-building
Available Limits: Not disclosed.
Carrier: Not disclosed.
States: All 50 states and the District of Columbia
Contact: Lisa Behning; lisa.behning@insightrisktec.com; 475-259-2837.
Market Detail: This coverage is available when moving a unit from one location to another. Has pen.
72-Hour Coverage: One additional 72-hour policy may be purchased. Premium: $156.00, including taxes and fees per policy, per unit. Liability: $60,000 combined single limit (bodily injury and property damage) or applicable statutory minimum limits. Auto Physical Damage: The lesser of $100,000 or ACV per covered vehicle is subject to a deductible of $1,000 per occurrence. Application must reflect the value.
30-day Coverage: Satisfies a lienholder’s minimum of 30 days of proof of coverage to drive the unit off a dealership lot. Premium: $537, including taxes and fees per policy, per unit. Liability: $60,000 combined single limit (bodily injury and property damage) or applicable statutory minimum limits. Physical Damage: The lesser of $100,000 or ACV per covered vehicle is subject to a deductible of $1,000 per occurrence. Application must reflect the value. Newly acquired is defined as a vehicle acquired by the insured within the last 14 days.
National Drivers Association Membership: Each insured is automatically enrolled in the NDA Basic Membership, costing $2/month. All policies with delegated underwriting authority are issued under a master policy via NDA. www.nationaldriversassociation.com
Available Limits: As described.
Carrier: Certain underwriters at Lloyd’s, London
States: Most states and the District of Columbia. Not available in Alaska, Hawaii and New York.
Contact: JoAnna Dollarhide; sales@transportationinsurors.com; 800-257-7364.
Amateur Sports: Teams, Leagues, Venues, Events and Facilities
Market Detail: Although the sports and recreation industry provides people with fun experiences that put smiles on their faces, it also comes with plenty of risks. Given the physical nature of the industry, the chances of a customer suffering a bodily injury are high. Sports and Recreation insurance protects businesses from the costs of a lawsuit because of a bodily injury. LIO’s proprietary platform allows quote, bind and issue of policies in minutes, unlike any other carrier in the marketplace today. Legacy supplementals and ACORD forms are no longer needed. Gone are the days of the 2-week quote turnaround, 30-day policy and endorsement issuance. Includes: general liability, non-owned & hired auto, property, inland marine, professional liability, sexual abuse & molestation, excess, participant accident and nonprofit management liability. Has pen.
Available Limits: Not disclosed.
Carrier: LIO Insurance Company
States: Most states and the District of Columbia. Not available in Colorado, Connecticut, Louisiana, Maine, Minnesota, New York, Tennessee and Vermont.
Contact: Ryan Burger; ryan.burger@lioinsurance.com; 916-759-3886.