Jewelers Lower Cost Cover

Nuts & Bolts: Neenah, Wis.-based Jewelers Mutual Insurance Co. launched a new lower-cost insurance policy and an assortment of coverage options specifically tailored for manufacturers, retailers, wholesalers and specialty jewelry businesses. An alternative to the Jewelers Block, the new Jewelers standard policy covers inventory of jewelry stock for sale; customers' property on a primary basis (from those not in the jewelry industry); and property of others in the jewelry business. The new policy is aimed at smaller jewelers in safer areas.

Jewelers Mutual is also launching four new coverage options, one each for manufacturers, retailers, wholesalers, and specialty businesses such as appraisers, custom designers, and repairers. The new coverage options expand the businessowners policy and the company's package policies. For example, the manufacturer's enhancement option increases coverage for patterns, dies, molds, and forms. The wholesaler and manufacturer options include coverage for contract penalty. The retailer's enhancement increases the limit for lock replacements.

Dollars: Premiums vary based on several factors such as limit of insurance and location. This policy is for jewelry businesses that have property limits up to $250,000.

Carrier: Jewelers Mutual rated "A+" by A.M. Best, admitted.

States Available: All states.

Contact: (800) 558-6411, marketing@jminsure.com or www.jewelersmutual.com.

Community Bank Package

Nuts & Bolts: A new package of insurance policies from the Chubb Group of Insurance Companies can help community banks minimize coverage gaps through an integrated mix of six coverages tailored to each customer's needs. Chubb's ForeFront Portfolio for Community Banks consists of insurance policies for directors and officers liability, bankers professional liability, employment practices liability, fiduciary liability, outside directorship liability and lender liability.

Dollars: Chubb will market this package of coverages to community banks with assets of $1 billion or less that operate in a small geographic area. In addition to being able to select which of the coverages they would like to purchase, customers can choose to have separate limits for each coverage, opt for an aggregate limit for all the coverages, or combine coverages under aggregates, as the needs of the bank require.

Carrier: Executive Risk Indemnity, Federal Ins. Co.

States Available: All states except Alaska, Louisiana, Vermont, Virginia and Wyoming.

Contact: Local Chubb branch office or Jeffrey J. Brown, (908) 903-2664 or jjbrown@chubb.com.

Workers' Compensation – Small- to Mid-Size Employer

Nuts & Bolts: Insurex Inc. and Frontier General announce the release of a new workers' compensation product in California with ACE Casualty Risk, a division of ACE USA. The new product launched is called ACE Complete and is marketed through Insurex and Frontier General. ACE Complete provides workers' comp insurance products for the small- to mid-size employer market. ACE Complete is a multi-state offering designed with more than 125 workers' comp classes in California and can accommodate employers with operations outside of California. In addition, ACE Complete can offer coverages to qualifying "new ventures." Independent agents and brokers in California can access ACE Complete though Insurex or Frontier General Insurance Agency of California.

Dollars: Minimum premium $5,000.

Carrier: ACE Complete is underwritten by ACE Property and Casualty Ins. Co.

States Available: California.

Contact: Dan McCarthy, dan@insurex.com or (619) 229-7770.

Higher Education Liability

Nuts & Bolts: AIG Educators Elite line offers a comprehensive range of property/casualty insurance solutions to cover the distinct liabilities of public and private colleges, universities, junior colleges and trade schools nationwide. Offered services include: general property, property terrorism, primary general and management liability, excess casualty, EPL, accident and health, legal liability and international insurance and claims and risk management through Educators Elite lines of coverage.

Dollars: Healthcare: Premium $50,000, deductible $10,000, limits up to $25 million. Property: Premium $25,000, deductible $25,000, limits up to $100 million. Casualty: Premium $50,000, deductible $25,000, limits up to $100 million. D&O/ELL/EPL: premium $25,000, deductible $25,000, limits up to $25 million. International Package: Premium $2,500, limits $1 million/$2 million.

Carrier: Rated "A++" (superior), Class XV, by A.M. Best and rated "AAA" by S & P.

States Available: All states.

Contact: Tim McAuliffe, (212) 770-2194 or highered@aig.com.

Garage: Dealers/Non-Dealers

Nuts & Bolts: Cascade/Amstar is offering a new garage market for both dealers and non-dealers.

Dollars: Policy limits $1 million to $3 million. Minimum deductible $1,000. Minimum premium $2,500 for dealers and $1,500 for non-dealers.

Carrier: Rated "A-," non-admitted.

States Available: California.

Contact: Joyce Chambers, (909) 898-0960 or Debi Ulis, (805) 523-1233, www.cascade-amstar.com.