Dealer Open Lot - Garage Keeper Legal Liability - Valet Parking
Nuts & Bolts:
Garage Keepers Legal Liability and Dealer Physical Damage is now offered by Safety Net Insurance Marketing Corporation. Target classes of businesses are valet parking, storage facilities, automotive repair shops and used car dealers. Applications and Quick Quote Sheets are available on Safety Net's Web site at www.safetynet-USA.com.
Dollars: Up to $1,000,000 of coverage is available and a minimum premium of $1,000.
Carrier: Rated "A," non-admitted.
States Available: California.
Contact: Underwriting department,
(800) 215-7784 ext. 12 or quotes@safetynetins.com.
Homeowners
Nuts & Bolts:
Cascade/Amstar is offering a new homeowners: HO3 and HO8, Tenant Occupied Dwelling: DP3 program.
Dollars: Policy limits of $500,000 (coverage A). Minimum deductible is $1,000.
Carrier: Lloyds of London, non-admitted market.
States Available: California.
Contact: Jim Carper, (805) 523-1233 ext. 3221.
Specialty Trade Contractors
Nuts & Bolts:
Construction Insurance Solutions (CIS), a new group of territorial program administrators, introduced a program for specialty trade contractors involved in commercial and residential construction. The group is comprised of Dayton, Ohio-based Norman-Spencer, McKernan Agency Inc., Houston-based RISC Inc. and Arthur J. Gallagher of Louisiana. The program covers air-conditioning, concrete, electrical, excavators and land graders, fence, fire sprinkler, garage door, ground water drilling, heating and plumbing, landscapers, mechanical, nurseryman and landscapers, roofing, sheet metal, street and road, swimming pool and spas, system builders and underground utility risks. The CIS program offers general liability occurrence form coverage with blanket additional insured, blanket waiver of subrogation and per project aggregate coverages available.
Dollars: The GL minimum is $2,500 with a property damage deductible. The policy carries GL primary limits of $1 to $2 million for completed operations and annual aggregates with a $5,000 minimum policy premium, as well as commercial umbrella limits up to $25 million.
Carrier: CIS is being written with an "A++ XV"-rated carrier.
States Available: All states.
Contact: Paul Norman, (937) 885-5053 or paul.norman@nsmoh.com
High Level Disability Income Product
Nuts & Bolts: Rockwood Programs has partnered with ASU International Inc. to launch a disability income product positioned to meet the coverage needs of highly compensated personnel. The initiative, called the Rockwood Executive Disability Income Program, helps protect insureds against financial loss resulting from accident or illness. The product is aimed at personnel with annual incomes over $250,000.
Dollars: This program offers limits up to $30 million. The premium charged for the coverage is based on a host of factors, occupation, health of the individual insured, coverage options selected, etc. As a general rule, the annual premium equates to approximately 1 percent to 3 percent of the individual's annual income.
Carrier: Varies from state to state.
States Available: All states.
Contact: Carl Wilson, (302) 765-6043 or carl.wilson@rockwoodinsurance.com
Public Officials Liability
Nuts & Bolts: Executive Perils is offering liability protection for public officials in special service districts. Separate limits for the EPL and D&O/public officials, defense outside the limit and automatic unlimited extended reporting period. Includes punitive damages, optional fiduciary liability and full prior acts coverage.
Dollars: Minimum premium of $2,500 and policy limits up to $5 million.
Carrier: Rated "A++" by A.M. Best, admitted market.
States Available: All states.
Contact: Peter R. Taffae, (310) 444-9333 or www.e-perils.com.
Trucking Program
Nuts & Bolts: Cascade/Amstar is offering a new Trucking Program: BI/PD (with filings), Physical Damage, Cargo.
Dollars: Policy limits of $1 million CSL. Minimum deductible of $1,000 and a minimum premium of $500 for physical damage.
Carrier: Various carriers rated "A," admitted market.
States Available: All 48 contiguous states.
Contact: Debi Ulis-Judd, (805) 523-1233 ext. 3210.
Online Indications for Artisan Contractors
Nuts & Bolts: Excess & Surplus Lines Insurance Brokers Inc. has re-released online rating indications for artisan contractors, general liability. Brokers can get immediate indications for several classes of artisan contractors by visiting www.eslib.com. Online indications are also available for COC and inland marine.
Dollars: Available limits to $1 to $2 million with $1,000 deductible. Minimum premiums start at $550 for $300,000 limits to $750 on $1 million.
Carrier: Rated "A VIII" (excellent) by A.M. Best, non-admitted.
States Available: California.
Contact: Matt Merkle, (818) 990-8860 ext. 203
Long Term Care, Assisted Living Facilities
Nuts & Bolts: Lionheart Insurance is offering several new markets for various adult-care facilities.
Dollars: Property limit to $5 million (can include flood and earthquake). Liability limit to $5 million combined GL/PL.
Carrier: Lloyds of London rated "A," non-admitted.
States Available: All states.
Contact: Joe Weckerle, (818) 591-3010 ext.105
