New Markets

Miscellaneous Medical Malpractice
Nuts & Bolts: NAS Insurance Services’ miscellaneous medical malpractice insurance program has several new features including deductibles under $2,500. The coverage can now be underwritten with greater rate flexibility and is available combined with GL and professional liability. Special features include incident reporting, full prior acts, sexual abuse/molestation coverage available by endorsement, plus defense in addition to the limits, up to half of the per claim limit (by endorsement).
Dollars: Deductibles start under $2,500. Limits: $1 million per claim/$3 million aggregate.
Carrier: Underwritten by NAS Insurance Services, an underwriting manager and Lloyd’s (“A” rated) correspondent.
States Available: Most states
Contact: David Leventhal, (818) 808-4464 or dleventhal@nasinsurance.com.

Fire and Water Restoration for Contractors
Nuts & Bolts: Bonding and Insurance Specialists Agency is offering fire and water restoration contractors general liability plus contractor’s pollution and mold liability. BISA has been writing insurance and bonds for contractors and consultants with pollution exposures for 20 years.
Dollars: Policy limits: $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.

Architects and Engineers
Nuts & Bolts: St. Paul Travelers expanded its appetite for architects and engineers business to include a variety of construction and design consultants. Previously, only licensed or registered architects and engineers, landscape architects and land surveyors were eligible for coverage. Now, construction and design consultants such as interior designers, urban planners and audio-visual consultants are among the groups eligible for St. Paul Travelers’ insurance products. The products include but are not limited to the following: Professional liability, general liability, property, workers’ compensation, monoline auto, umbrella, employment practices liability and directors and officers liability.

Dollars: There are zero deductibles for firms under $250,000 in annual billings. For qualifying firms over $250,000 in billings, there is a deductible option that includes first dollar defense. For larger firms, deductibles are typically .75 -1.5 percent of a firm’s annual billings. The minimum premium is $1,500. Premiums vary depending on the size and characteristics of the firm. Limits are $500,000/$500,000 to $5 million/$5 million.
Carrier: St. Paul Travelers, admitted.
States Available: All except Vermont, Hawaii and Louisiana.
Contact: John Rapp, (443) 353-2262 or jrapp@spt.com.

Workers’ Compensation
Nuts & Bolts: PointSure Insurance Services launched several new specialty products, broadening its workers’ compensation capabilities and offering standard market coverage for risks often neglected due to size and class restrictions. Eligibility for these new programs encompasses more than 700 business categories, including new ventures, contractors, maritime risks, Alaskan and Hawaiian risks, and larger accounts with USL&H workers’ compensation exposure.
Dollars: The deductibles, limits and premiums vary by program.
Carrier: All coverage is placed with high-quality standard markets rated “A-VIII” (excellent) by A.M. Best.
States Available: States vary by program.
Contact: www.pointsure.com.