New Markets

Builder’s Risk Program
Nuts & Bolts: Praetorian Financial Group, a specialty insurance provider, announced that it has entered into a partnership with Britt Paulk to launch a Builder’s Risk program. Builder’s Risk covers properties while under construction. The partnership will initially be launched in Florida and the Gulf states, where Builder’s Risk has been extremely difficult to obtain. The new program will focus on quality builders and superior construction. Ultimately the new program will cover both commercial and large residential construction projects nationally except in Hawaii.

Dollars: Limits up to $30 million.
States: All, except Hawaii.
Carrier: Britt Paulk. Rated “A” by Standard and Poors; “A-” by A.M. Best.
Contact: Michael Pilla, Britt Paulk In-surance, (770) 214-7607 or mike.pilla@brittpaulk.com.

Retail Carts
Nuts & Bolts: General liability, including contractual liability, personal injury and advertising injury liability for retail cart vendors operating concessions and exhibits is available from K&K Insurance Group Inc. This program is specifically tailored for concessionaires, exhibitors and vendors operating at various types of sites, including special events, arts and craft shows, fairs, festivals and trade shows. Premiums vary according to the overall square footage and the number of tables or booths. K&K offers a fee-based program, however commissions are negotiable for books of business. During the policy period there are no limitations on the number of shows the insured may attend. This program is a self-rating/brochure-style product where applicants can submit payment with enrollment form for faster processing.

Dollars: $300,000 damage coverage to premises rented; $5,000 medical payments. Carrier: Rated “A+” by A.M. Best. Admitted.
States: All.
Contact: K&K Insurance Group Inc., (800) 328-2317 or www.kandkinsurance.com.

Dental Professional Liability
Nuts & Bolts: Allsouth Professional Liability Inc. offers coverage for dental professional liability. Coverage features include new dentist credit, part time credit, AGD and ADA credit, risk management and claims free credit, defense costs paid in addition to limits, separate limits for partnership or corporation.

Dollars: Up to $100,000 to $5 million.
Carrier: Rated “A” by A. M. Best. Admitted.
States: Florida only.
Contact: Terri Galentine, broker, (800) 913-9260 or tgalentine@allsouth.net

Insurance Agents Errors & Omissions
Nuts & Bolts: London American Profes-sional Liability LLC (LAPL) a program administrator and MGA, introduced a new program for Independent Property and Casualty Insurance Agents Errors and Omissions. This professional liability program is designed for agencies with gross written premiums between $5 million and $250 million. Eligible agencies include retailers, wholesalers, specialist firms.

Dollars: $5 million each claim/$5 million annual aggregate limit. Minimum premium $10,000/$5,000 excess.
Carrier: Rated “A” XV by A.M. Best.
States: All.
Contact: Ed Velasquez, president, LAPL, (201) 944-7000 or evelasquez@londonamericantx.com.

Topics AM Best