Nursing Homes, Assisted Living
Nuts & Bolts: Arrowhead Managed Insurance Programs is offering a market for nursing homes and assisted living.
Dollars: Minimum deductible SIR of $50,000. Minimum premium, $50,000; policy limits: $1 million to $3 million.
Carrier: Lloyd's of London, rated "A-," nonadmitted.
States Available: Alaska, California, Idaho, Oregon, Utah and Washington.
Contact: (626) 844-2464 or www.silverliningins.com.
Farm/Ranch Program
Nuts & Bolts: Abram Interstate Insurance Services Inc. is offering a Farm and Ranch program aimed at insuring cattle and crop farms, including fruit and nut trees, grapes, avocado, grain, and vegetables. Farm package policies include dwellings, outbuildings, equipment, farm and personal liability.
Dollars: Varied deductibles, minimum premiums of $1,000 and policy limits of $300,000, $500,000 and $1 million.
Carrier: Travelers rated "A+++," admitted.
States Available: California.
Contact: Stephen Donahue, (916) 721-9205; or www.abraminterstate.com.
Stock Throughput and Marine Contractors
Nuts & Bolts: Marine Managers announced the launch of two new programs, the Stock Throughput Program and the Marine Contractors Package Program. Stock Throughput is a combination of ocean and inland cargo (road, truck, rail, air) plus location coverage in a warehouse or manufacturing premises anywhere in the world. This policy is most applicable when the cargo follows a round trip or has multiple stops along the way. The Stock Throughput Policy can provide coverages for the cargo while it is in route and while it is in a warehouse or manufacturing facility. In addition, the Stock Throughput can offer coverage for stock in various countries. The Marine Contractors Package program is designed for marine contractors who work on vessels, build docks and or seawalls, Stevedores, ship repairers, Wharfingers or landing owners, marine terminal operators, passenger vessel operators (harbor types) and related marine industries. Coverages include mandatory CGL (occurrence form) including products, completed operations, and options of ship repairers legal liability, Stevedores liability, terminal operators liability, Wharfingers liability, Tankermans liability, protection and indemnity (excluding crew and cargo), hull, machinery and equipment. Available limits are $1 million per occurrence, $2 million aggregate with excess coverage available when needed.
Dollars: The minimum premium for the Stock Throughput program is $25,000 and the policy is written on an annual basis with typically annual or quarterly adjustment The minimum premium for the Marine Contractors Package program is $25,000 if written monoline, however this is reduced to $10,000 when written in conjunction with other lines.
Carrier: Domestic licensed insurers, rated "A," and Lloyd's.
States Available: All.
Contact: Karen Tischler, (727) 578-2800 ext. 321; or www.liginsurance.com.
Specialized Truck Equipment
Nuts & Bolts: With its newly enhanced STEP SPICE policy endorsement, The Hartford Financial Services Group Inc. unveiled new additions to its multi-line program for manufacturers, distributors, installers and repairers of specialized truck equipment. The STEP program includes new property coverages that address real life risk.
Dollars: The Hartford's Specialized Truck Equipment Program's STEP SPICE policy endorsement adds new features such as, extra expense (incurred after, from a covered loss) with $25,000 limits, lock re-keying or replacement with a limit of $10,000; and newly acquired or constructed property-buildings with a $2 million limit. At the same time the program expands some existing policy limits, including, employee dishonesty coverage (theft by employee) from its current $15,000 to $100,000, forgery/monies and securities limits from $15,000 to $25,000 and utility services limits from $15,000 to $90,000. This coverage provides built-in protection for direct physical loss or damage to the insured's property when caused by interruption of off premises utility services.
Carrier: The Hartford rated "A+ XV."
States Available: All states except, Alaska, Hawaii, Indiana and Louisiana.
Contact: Maureen Johansen, (888) 947-6915 or maureen.johansen@thehartford.com or Lisa Doherty, lisa.doherty@thehartford.com.
Commercial Property, Liability, Crime
Nuts & Bolts: The Chubb Group of Insurance Companies has updated its Customarq Classic property policy. Chubb's Customarq Classic offers U.S. and Canadian commercial customers a choice of monoline property insurance protection or a package of property, general liability and crime insurance in one policy. Customarq Classic's all-risk property policy can insure both U.S. and foreign exposures, including differences in conditions and/or limits created by policies issued in foreign countries. Impairment of computer services is a new type of insurance that addresses emerging first-party exposures presented by the Internet and customers' increasing reliance on electronic information in their business activities.
Dollars: The automatic blanket limit has been increased from $250,000 to $500,000 at no extra charge. Customers can also purchase a blanket limit of $1 million or $2 million for an additional premium, subject to underwriting. Several new property coverages have been added to the automatic blanket limit.
Carrier: The Chubb Group rated "A++."
States Available: All except Arkansas, Hawaii, Louisiana, Nebraska, North Dakota, Texas, Virginia and Washington.
Contact: Local Chubb branch office or Paul Lewis at plewis@chubb.com.
Package and Commercial Auto
Nuts & Bolts: Superior Access Insurance Services Inc. is offering a package and commercial auto program featuring a replacement cost with optional ACV, no coinsurance and property value guard automatic increases. Building coverage includes all buildings, completed additions and maintenance equipment, fences, other structures, outdoor fixtures and furniture, outdoor radio and television antennas, satellite dishes used as antennas, lead in wiring, masts and towers. Additionally, business personal property includes coverage within 1,000 feet of premises, contractor's tools and equipment, animals held as stock and equipment breakdown. Coverage in addition to the limits of liability include accounts receivable, building glass, a $10,000 catastrophe allowance, counterfeit currency and money orders up to $25,000, valuable papers, sewer backup and fine arts. Available liability options include, hired and non-owned auto, liquor liability, rental car damage, increased tenant legal liability and more. Commercial auto may be eligible depending on class.
Dollars: $500 deductible with options for $1,000, $2,500, $5,000, $10,000 or $25,000. CGL included for most classes, personal injury and advertising injury with $1 million each occurrence, $2 million aggregate available. Aggregate applies per location. $300,000 tenant legal liability. $10,000 medical payment per person. Actual loss of earnings reimbursement up to $500 a day, minimum policy premium is $500 for annual term.
Carriers: Rated "A+ XV," admitted.
States Available: Online quotes are available for commercial, personal lines and life and health insurance to varying degrees in 48 states.
Contact: Web site: www.superioraccess.com. Click on Commercial, the eligible state, then click on the newest admitted market for package and commercial auto and then "program overview" or "quote now." Agents can fax applications and supporting documents to (888) 272-7550 or call the agency support center at (800) 272-7550 ext. 706.
