New Markets

New Markets

Nuts & Bolts: CNA has introduced a stand-alone employment practices liability product. The new coverage, EPL Solutions, targets publicly traded commercial companies, financial institutions and financial service organizations. It includes expanded definitions and enhanced coverages that are designed to address the changing employment world. CNA’s EPL Solutions offers limits up to $15 million.

Dollars: Limits go up to $15 million. Deductibles and premiums depend on the risk profile.

Carrier: CNA Insurance, rated “A” by A.M. Best, admitted.

Contact: Ryan Cytryn, (212) 440-2562 or Dan Fellerman, (732) 398-4378.

Contractor’s Pollution Liability
and Consultants Professional Liability

Nuts & Bolts: Burns & Wilcox is offering new environmental program with ACE Westchester Specialty Group Environmental for environmental contractors and consultants. Westchester Specialty Group will provide coverage on an excess and surplus lines basis through Westchester Surplus Lines Insurance Co. and Illinois Union Insurance Co., part of the ACE Group of Companies. The program targets small environmental and non-environmental contractors, as well as environmental consultants with annual revenue up to $2.5 million. Contractors may be eligible for stand-alone contractors’ pollution liability. Environmental contractors and consultants who qualify also may be eligible for supporting lines of coverage, including general liability and professional liability.

Burns & Wilcox will market, rate, quote, bind and issue the policies and will handle policy servicing, including in-house claims handling. The Environmental Division offers contractors pollution liability and premises pollution liability. In addition, general liability, professional liability and excess liability coverages may be available to environmental risks such as environmental contractors and environmental consultants who qualify for this program.

Dollars: Available limits of liability will range from $500,000/$500,000 to $2 million/$2 million (per occurrence and in the aggregate). The minimum annual premium for the program is $2,500.

Carrier: ACE Westchester Specialty Group, rated “A+” by A.M. Best.

States Available: All.

Contact: Ken Schneider, (248) 932-9000 or kaschneider@burns-wilcox.com.

Business Owners’
and Commercial Package

Nuts & Bolts: CNA has introduced CNA Connect for small business customers that will combine the company’s former business owners’ policy and commercial package policies into one product. CNA Connect is available for small businesses with under $10 million in sales. The minimum premium is $500 in most states. The package is currently available in 19 states, offers 1,000 eligible classes of business but will add another 1,000 classes by the end of 2006. The product will be expanded nationwide during spring 2006.

Dollars: Deductibles up to $10,000. Limits are subject to state. The minimum premium is $500 in most states.

Carrier: CNA financial rated “A” by A.M. Best, admitted.

States Available: Available in 19 states followed by a nationwide expansion in Spring 2006.

Contact: Local CNA field sales specialist or www.cna.com.

Fire and Water Restoration Plus Pollution and Mold Liability for Contractors

Nuts & Bolts: Bonding and Insurance Specialists Agency is offering fire and water restoration contractors’ general liability plus contractors’ pollution and mold liability.

Dollars: Policy limits are $1 million per occurrence, $2 million aggregate standard. Higher limits are available. Deductibles are $5,000 standard. Minimum premium is $10,000.

Carrier: Rated “A XIV,” nonadmitted.

States Available: Most states.

Contact: Dennis Konieczny (800) 346-1031 or www.bisa-inc.com.

Truckers General Liability

Nuts & Bolts: National Advantage Insurance Services Inc., Tustin, Calif., has added a new program for truckers general liability in Arizona, California, Oregon and Nevada. To entice brokers, the company is offering a 12.5 percent commission on the program.

National Advantage Insurance Services is appointing new qualified retail brokers.

Dollars: Primary limits on CSL is up to $1 million/$2 million aggregate. Minimum premium is $750. Excess general liability is available up to limits of $5 million.

Carrier: The program is underwritten by a non-admitted carrier rated “A,” XV.

States Available: Arizona, California, Oregon and Nevada.

Contact: www.NationalAdvantageIns.com or call Vanessa Willis at (714) 505-1015 or toll free (800) 401-1015.

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