New Markets

Medi-SpasNuts & Bolts: Medi-Spas facilities coverage, which includes laser hair removal, botox, microdermasion, etc., is now being offered by Arlington/Roe & Co. Call to inquire on specific state information.
Dollars: $7,500 Generally
From $1,000,000 to $3,000,000
Carrier: Arlington/Roe & Co.
States: Ill. Ind., Ken., Mich., Ohio, Tenn.
Contact: Jim Eades, www.arlingtonroe.com

ClinicsNuts & Bolts: AVRECO, a member of the Park Group, announced a new product for retail medical clinics that are opening at rapid rates all over the country, creating a need for a new type of insurance coverage. Clinics of this type typically treat non-threatening, garden-variety illnesses such colds, flu, or minor infections, and provide medical services such as monitoring blood pressure or administering flu shots. Physicians can be added at an additional cost. Per location limits available; per location limits available as well.
Dollars: Minimum premium $3,500; maximum limits $5,000,000
Carrier: AVRECO
States: All states
Contact: www. AVRECO.com

Harassment and Discrimination Nuts & Bolts: Quadrant Insurance Managers have introduced a new primary coverage to the marketplace — monoline third party harassment and discrimination coverage. This product covers businesses for discrimination, harassment and wrongful eviction committed by an employee against a customer and/or member of the public. Small to mid-size businesses with high public/customer interaction such as hospitality, banking, restaurant, retail, higher education and health care are some of the targeted industries. Gender identity, obesity and physical appearance are just a few of the emerging issues in discrimination and harassment claims along with the more familiar cases involving religion, race, sex and nationality. Lawsuits involving national chain restaurants are well known and publicized. However, smaller businesses are also targets for discrimination and harassment claims and they may experience difficulty in getting coverage. The Quadrant monoline third party harassment and discrimination product will offer a stand-alone policy with minimum premiums beginning at $5,000 for a single location carrying a $1 million aggregate limit of liability. Punitive damages (where insurable) and defense costs are included in the limits, and the insurer is rated “A” by A.M. Best. Quadrant predicts that this product will allow more businesses in public-oriented industries to secure affordable third party harassment/discrimination insurance.
Dollars: Limits $1 million
Carrier: Quadrant Managers Insurance
States: Available in most states
Contact: Doug Rumi, www.quadrant-us.com

RecallNuts & Bolts: RecallReady is a unique and comprehensive product recall risk management program that combines crisis management expertise, preparedness and response with insurance protection. Colemont Insurance Brokers together with international insurance markets and crisis management professionals, has developed this exclusive program. Cases involving malicious tampering by terrorists, extortionists or individuals with a grudge, or an accidental contamination incident can involve incalculable, catastrophic financial loss. Recall costs, lost profits, product replacement and public relations expenses are just a few of the areas where a financial safety net is vital. This program has been specifically designed to meet the needs of U.S. based mid-sized food and beverage manufacturers and distributors with annual sales up to $5,000,000.
Dollars: Capacity of $5 million
Carrier: Colemont Insurance Brokers of Illinois
States: All, Canada
Contact:Bernie Steve, www.recalready.com or www.colemont.com

Luxury Condos and Co-opsNuts & Bolts: The Chubb Group of Insurance companies rolled out insurance packages for the owners of luxury condo and co-op apartments. The policies address coverage gaps created by building associations reducing their commercial insurance limits and increasing their deductibles during the last few years.

Masterpiece Condominium Preference and Masterpiece Cooperative Preference provide high limits of property and liability insurance coverage. They include $100,000 in coverage for assessments to all unit owners for incidents that may not be adequately addressed by a building association or its master insurance policy. Separate $10,000 limits apply for assessments resulting from deductibles under the association’s policy. Deductibles range from $500 to $50,000.
Dollars: Minimum limit for alterations $300,000; $400,000 for contents
Carrier: Chubb Group
States: Ill., N.Y.
Contact: JoeRiccio, www.chubb.com/personal