New Markets

Hospitality Program
Nuts & Bolts: Underwriters at PLIS are offering The Hospitality program, written on Lloyd’s paper covering named perils ranging from Aeromonas hydrophila to Yersinia enterocolotica. The policy has the benefit of: a “trade name trigger;” up to 25 percent of the applicable limits available for “incident response expenses” including immediate crisis management expenses (as approved by underwriters), communications, marketing and media support (as approved by underwriters); coverage for accidental and malicious contamination for named perils; and dual coverage trigger of an actual or alleged incident and a media announcement. A seven-day/10 percent reduction of sales waiting period then coverage may be provided back to “day one/dollar one.” Separate sub-limit coverage for suppliers and extortion can be considered. The hospitality program also has access to the certified crisis management team of Specialty Risk Management Inc. SRM has expertise on food law, public health law, communicable diseases/ pathology, media and marketing techniques, and food borne illness protocols. The SRM Crisis Management Team is available 24/7 and is able to work directly or indirectly with local, state or federal health authorities.

Dollars: Up to $70 million in capacity
Carrier: Rating “A” A.M. Best. Non-admitted
States: All
Contact: 800-761-7547 or e-mail underwriting@plisinc.com

Non Medical Miscellaneous E&O
Nuts & Bolts: Healthcare writer Mid-Continent GA is underwriting professional liability for non-medical related risks. Coverage is claims-made with the option to add contingent bodily injury/property damage. The policy is worldwide, and key classes include consultants, home inspectors, title agents, associations, medical billing and collection agencies.

Dollars: $1 million to $2 million
Carrier: Lloyds, rated “A” by A.M. Best. Non-admitted
States: All
Contact: Keli Eddings at 214-545-6710 or e-mail keddings@mid-continentga.com

Builders & Tradesmen’s Commercial Package
Nuts & Bolts: Builders & Tradesmen’s Insurance Services Inc., Rocklin, Calif., has a commercial package policy available in California underwritten by One Beacon. Eligible classes are garage, manufacturers, offices, restaurants, apartments and more. Brokerage business is accepted.

Dollars: Varies by class of business
Carrier: One Beacon, rated “A” by A.M. Best. Admitted
States: California
Contact: 916-772-9200, ext. 113, or e-mail at pholhbein@btisinc.com

Monoline Energy Accounts
Nuts & Bolts: MarketScout, the Dallas-based eInsurance Exchange, has launched a monoline energy workers’ compensation program. The facility accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures.

Dollars: Statutory and $1 million employers liability
Carrier: Rate “A” by A.M. Best. Admitted
States: All, except New Jersey
Contact: Chris Kerr at 972-934-4206 or e-mail ckerr@marketscout.com

Parking and Valet Operators Program
Nuts & Bolts: USRisk Brokers, a subsidiary of U.S. Risk Insurance Group, has introduced a Parking and Valet Operators Program for businesses engaged in operations related to parking customers’ cars, such as self-parking garages and lots, assisted parking, valet parking and parking for special events. Exposures can include parking operations at retail or office complexes, hotels, entertainment venues, restaurants, medical centers, high-rise residential facilities and airports, and extend to incidental operations in conjunction with parking, such as car washing, detailing and minor repairs; moving a customer’s vehicle to a repair facility for minor repairs; and basic concierge-type services such as luggage assistance or bellman operations. The program provides commercial general liability with broadened coverages, and garagekeepers legal liability.

Dollars: GKLL $250,000 per vehicle/ $1 million per location/$5 million aggregate
Carrier: Rated “A” XV by A.M. Best. Non-admitted
States: All
Contact: Connie Chalayan at 800-856-7035 or e-mail conniec@usrisk.com

Small Business EPL Package
Nuts & Bolts: CNA has enhanced its management and professional liability package policy to create Epack EZ. Targeting companies with less than 50 employees and $10 million in assets, Epack EZ offers a stand alone employment practice liability (EPL) policy or combination EPL, directors and officers, and fiduciary policy. Epack EZ offers online applications to obtain quotes. Eligible policyholders also have access to a Web site devoted to managing employment exposures. Epack EZ offers a two-year policy term and a separate limit for defense cost. Other standard policy enhancements include: a broad insured definition that includes domestic partners; a broad definition of covered wrongful employment practices; automatic coverage for third-party claims; punitive damages coverages; and independent contractor coverage.

Dollars: Monoline, $500,000 or a $1 million; or shared D&O fiduciary limit $1 million
Carrier: Continental Casualty, rated “A” by A.M. Best. Admitted
States: Ala., Ariz. Colo., Del., D.C., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., La., Md., Mich., Mont., Mo., Neb., N.H., N.J., Nev., N.C., N.D., Ohio, Okla., Ore., Pa., R.I., S.C., Tenn., Utah, W.Va., Wis., Wyo. (Non-admitted in La. and Wyo.)
Contact: Michelle Aliperti at 732-398-4375 or e-mail michelle.aliperti@cna

Health Clubs & Fitness Facilities
Nuts & Bolts: K&K has a line of programs for health and fitness operations, such as health clubs, exercise and sport clubs, fitness centers, health and wellness clubs, racquet and tennis clubs, gyms, exercise studios, circuit training studios, fitness instructors, etc.

Dollars: Up to $10 million
Carrier: Great American Assurance rated “A” and Nationwide Mutual rated “A+” by A.M. Best. Admitted
States: All
Contact: Marketing at 866-554-4636 or e-mail KK_general@kandkinsurance.com

D&O Coverage for Small Public Companies
Nuts & Bolts: The Chubb Group of Insurance Companies has introduced specialized directors and officers liability insurance for publicly traded companies with market capitalizations of $100 million or less. The “micro-cap” coverage enhancements can be added to Chubb’s D&O liability insurance policy. Some small public company customers may be eligible to receive a non-rescindable endorsement.

Micro-cap D&O coverage highlights include: independent directorship liability, which may help a company attract, retain and protect outside directors by offering up to an additional $1 million of coverage outside the directors and officers liability insurance policy limit for independent directors; amended exclusionary conduct wording that requires final adjudication to establish fraud and illegal personal profit; a definition of “claim” enabling the policy to be triggered if an insured person is investigated by the Securities and Exchange Commission, U.S. Department of Justice or similar regulatory or law enforcement authority; a new non-rescindable endorsement, designed to preserve coverage for directors and officers by providing severability for all D&O policy insuring clauses.

Dollars: Up to $25 million
Carrier: Rated “A++” by A.M. Best. Admitted.
States: All
Contact: Tony Galban at 908-903-4590 or e-mail galbanT@chubb.com

Aviation and Aerospace Insurance
Nuts & Bolts: Transport Risk Management Inc. is providing aviation insurance and risk management services through its offices located in Denver; Austin, Texas; Los Angeles; and Scottsdale, Ariz.

Dollars: $1 million to $1 billion
Carrier: Rated “A++” by A.M. Best. Admitted.
States: All
Contact: Terry Miller at 866-256-0227 or e-mail tmiller@transportrisk.com.

Topics AM Best