Logging and Lumbering
Nuts & Bolts: O’Donovan & Associates’ Timber Harvester Program is designed to provide customized coverage for the contractor who harvests and hauls timber and related products. Mechanized and manual cutting operations are both included. Related timber dealers with storage facilities may also be included. Package policies including automobile, general liability and property are available.
Dollars: Up to $1 million.
Carrier: Rated “A” by A.M. Best. Admitted.
States: Ariz., Calif., Fla., Ga., Ky., La., Md.,, Mich., Minn., N.C., Ore., Penn., S.C., Tenn., Texas, Wash., Wis.
Contact: Jeremiah P. O’Donovan, at 800-410-6333 ext. 228 or e-mail email@example.com.
Surety and Performance Bonds
Nuts & Bolts: American Eagle Bonding is offering surety and performance bonds for clients with good and bad credit. All types of bonds, except bail bonds.
Dollars: $1,000 to $80 million.
Carrier: Capitol Indemnity rated “A” by A.M. Best. Admitted.
States: All, except Hawaii.
Contact: Kathryn White at 480-985-1618 or e-mail firstname.lastname@example.org.
BOP, Beauty, Nail Salons
Nuts & Bolts: Bass Underwriters has a new admitted program for BOPS targeting a varied selection of risks. The program will entertain such businesses as beauty and nail salons, clothing stores, convenience stores, electronic and video stores, fast food restaurants and taquerias, LRO, Laundromats, offices, retail liquor stores, and more. New ventures are okay. Value plus endorsement is okay. Minimum premium is $500 with low limits. Some require $0 to $500 deductibles, depending on the class.
Dollars: $1 million per occurrence/$2 million aggregate.
Carrier: Rated “A++” by A. M. Best. Admitted and non-admitted.
States: Calif., Penn., Fla., Nev., N.Y. and Texas.
Contact: Barbara Anderton at 916-929-8008 or 888-929-8008 or e-mail email@example.com.
Skating Rinks, Roller and Ice Venues
Nuts & Bolts: American Insurance Alliance is offering Roller and Ice Skating venues that are traditionally difficult to insure general liability coverage. American Insurance Alliance’s only business is skating venues with 18 continuous years specializing in the class.
Dollars: $300,000 to $2 million.
Carrier: Tudor Insurance Co., Essex Insurance Co rated “A+” by A.M. Best. Non-admitted.
States: Ala., Ariz., Ark., Calif., Colo., Conn., Del., Fla., Ga., Idaho, Ill., Ind., Iowa, Kan., Ken., La., Md., Mass., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.H., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., Penn., R.I., S.C., SD, Tenn., Texas, Utah, Vt., Va, Wash., and W.V.
Contact: Gerald Officer at 636-464-9200 or e-mail: firstname.lastname@example.org.
Nuts & Bolts: Shoemaker & Besser Associates Inc. is offering a BOP market for both automated and self-serve car washes. All lines of coverage are available. No 24-hour operations or gas sales are allowed.
Dollars: $2 million per occurrence/$4 million aggregate.
Carrier: CNA Insurance Co. rated “A” by A.M. Best. Admitted.
States: Available in Delaware, Maryland, New Jersey, New York, Pennsylvania and West Virginia.
Contact: Brenda Swaltek, at 800-632-9002, ext. 8109 or e-mail email@example.com.
Historic Rehab Tax Credit
Nuts & Bolts: Lexington Insurance Co., a member company of American International Group, Inc. (AIG), has announced Historic Rehabilitation Tax Credit (HRTC) Insurance, a new coverage designed to help protect owners and developers of commercial properties qualifying for federal rehabilitation tax credit against a financial loss if during rehabilitation or after occupancy, the property suffers significant damage from an insured event and such damage results in a reduction in, or recapture of, the tax credit. Entities that rehabilitate and use historic structures or buildings constructed prior to 1936 for commercial purposes may qualify for significant federal tax credits under Internal Revenue Code Section 47.
Large corporations and other businesses with substantial tax liabilities invest in these properties, typically in a limited partnership arrangement with the property developer, in order to achieve these tax credits.
inancial exposure through the loss or reduction of the tax credit arises if the property is damaged significantly and as a result, its historical significance diminished. This exposure is typically assumed by the developer as part of the limited partnership agreement at the onset of the venture. HRTC insurance is designed to help protect owners, developers and tax credit investors against the loss of the rehabilitation tax credit during the full duration of the exposure, through rehabilitation and the first 5-years of occupancy.
Dollars: Up to $40 million.
Carrier: Lexington Insurance rated “A++” by A.M. Best. Non-admitted.
Contact: Ed Mazman at 617-443-4660 or e-mail Edward.firstname.lastname@example.org.
New School Violent Acts Policy
Nuts & Bolts: Following recent violent acts at schools nationwide, Genesis Underwriting Management Co. has developed a first party insurance policy to fund many of the elements of a school’s emergency response plan. Typical covered expenses include post crises management services; post incident crises intervention and containment; media, public relations and communications costs; security and civil authority expenses; air travel and hotel costs for the parents, spouse or child of a victim to the location where the school violent act occurred; as well as a limited amount for property or equipment that relates directly to the security of the school and which may assist in the mitigation or prevention of future acts.
Dollars: Limits up to $250,000. Minimum deductible is $2,500.
Carrier: Genesis Indemnity Co. rated “A++” by A.M. Best. Non-admitted.
States: All, except New Hampshire and North Dakota.
Contacts: East of Mississippi, Matt Meyer at 859-245-2500 or e-mail email@example.com or west of the Mississippi, Nancy Gelis at 800-275-6472 or e-mail firstname.lastname@example.org.
Earthquake and Flood, DIC
Nuts & Bolts: AmWins Insurance Brokerage of California is offering Difference in Conditions or Stand Alone coverage; Stand alone Zone A Flood. No age, construction or parking limitations. Quick turn around.
Dollars: $1million to $500 million limits.
Carrier: Rated “A” by A.M. Best. Admitted and non-admitted.
Contact: L-Tanya Mabrie at 818-772-3823 or e-mail Tanya.email@example.com.