New Markets

Commercial risks catastrophe cover
Nuts & Bolts: International Catastrophe Insurance Managers and National Fire and Marine Insurance Company have launched a new catastrophic coverage product for commercial special risks. The product features earthquake policies for businesses with unique underwriting requirements due to factors such as location, high value concentration, nonstandard construction and special occupancies.

Dollars: The coverage is designed for firms with up to $500 million in total insured value and provides per-risk limits of up to $10 million in either primary or buffer layers.
Carrier: National Fire and Marine Insurance Company is a property/casualty member of the Berkshire Hathaway Group of insurance companies. The insurance group is rated A++ by A.M. Best.
Contact: Contact an ICAT underwriter at 303.447.1155.

Broadcasters – Radio and Television
Nuts & Bolts: Aon Association Services, a Division of Affinity Insurance Services Inc. is administering a program for radio and television stations of all sizes. Property/casualty coverage available: inland marine (including tower coverage), commercial general liability, umbrella liability, broad real and personal property protection, equipment breakdown, automobile, workers’ compensation, umbrella liability, directors’ and officers liability and employee benefits liability.

Dollars: $750 minimum premium.
Carrier: A.M. Best “A+,” admitted.
States Available: AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Contact: Aon Association Services, www.npo-aon.com, Maria Moreno, senior vice president, (800) 432-7465, or e-mail info@nab-aon.com.

Contractors Commercial Liability
Nuts & Bolts: PointSure Insurance Services is offering primary commercial general liability that includes blanket additional insured and blanket waiver of subrogation per project aggregates. Will look at wraps; workers’ compensation available as well.

Dollars: Minimum premium $10,000. Limits – $1,000,000 per occurrence/$2,000,000 aggregate; excess available to $25,000,000.
States Available: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Contact: Steve Ritchie, underwriting specialist, steve.ritchie@pointsure.com.

N.Y. Fund offers online certificatesNew York State Insurance Fund is promoting a new on-line tool at www.nysif.com wherein businesses can now validate certificates of insurance in minutes. NYSIF says it is the first New York workers’ compensation carrier to offer on-line verification.

The process confirms whether a certificate of insurance was issued under the listed policy number and gives the period of coverage as well as the certificate holder.

If the information is incorrect, users receive a message that no valid certificate was found for the information entered. Users are instructed to recheck the information and try again. There are further instructions if they suspect that the certificate they have is fraudulent.