Workers’ Comp Middle Market
Nuts & Bolts: PointSure Insurance Services is offering workers’ compensation for middle market and loss-sensitive plans, with broad risk appetite. Premiums are in excess of $130,000 with guaranteed cost and loss-sensitive plans. Experience modification factors are .80 or higher. Underwriters will look at 80 percent of all class codes.
Dollars: Limits $1 million and up.
Carrier: Rated “A” XV by A. M. Best.
States: All.
Contact: Lisa Gardiner, (206) 269-8616, lisa.gardiner@pointsure.com.
Community Development Program
Nuts & Bolts: Gales Creek Insurance Services, Inc. is offering its Community Development Corporation program to insurance agents and brokers nationally for the first time. The policy includes tax credit projects; automatic cover ‘for profit’ subsidiaries; two-year rate guarantee; defense costs outside limits; automatic coverage for volunteers, trustees, committee members; employment-related practices liability and many other features. CDCs must be affiliated with or receive funding from one of the national organizations such as Enterprise, National Association of Community Action Agencies, Essex, Rural Community Assistance Corp, LISC, Neighbor Works of Neighborhood Reinvestment Corp., related to a Municipal Housing Authority or be a member of their state CDC trade association.
Dollars: $1 – $2 million; higher limits only with underwriting approval.
Carrier: Rated “A” by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Kim Hutchinson, (800) 755-1575, ext. 224., kim@galescreek.com.
Security Risks
AI Risk, Lexington Insurance’s middle market unit, has selected Brownyard Programs, Ltd to bring AIG’s GuardSecures product to small and intermediate-sized private security companies throughout the U.S., including security guards; private investigators/investigative firms; background screening firms; security consultants; armored car companies; alarm installation and monitoring companies; and ATM servicing companies.
Dollars: Limits available up to $5 million.
Carrier: Lexington Insurance Company
States: All.
Contact: Bruce Brownyard, info@brownyardprograms.com or AI Risk at www.AIRisk.com.
Alcohol and Substance Abuse Treatment
Nuts & Bolts: Stateco has been writing its Addiction Treatment Providers Program with Westport Insurance (now part of the Swiss-Re organization) since 2002. The Program offers coverage to residential treatment programs, outpatient treatment programs and Methadone clinics. Coverage is written on a package policy form. Coverage for employed or contracted physicians is offered on a stand-alone basis.
Dollars: General liability, $1million per occurrence/$3 million annual aggregate. Professional liability, $1 million per occurrence/$3 million annual aggregate. Sexual abuse and molestation, $1million per occurrence/$2 million annual aggregate.
Carrier: Rated “A” XV by A.M. Best.
States: All states except Alaska, Hawaii, D.C.; Massachusetts, no auto or umbrella.
Contact: Hank Deeken, www.hdeeken@stateco.com; Tom Natoli, www.tnatoli@stateco.com or call (800) 478-2832.
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