New Markets

Third Party Harassment and Discrimination Product

Nuts & Bolts:
Monoline third party harassment and discrimination coverage is being offered by Quadrant Insurance Managers. 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.

Dollars: $1,000,000 aggregate. Minimum premium,$5,000.
States: Available in most states.
Carrier: Rated “A” by A.M. Best.
Contact: Doug Ruml, 614-841-1425 or e-mail druml@quadrant-us.com.

Subclasses of Small Business Division
Nuts & Bolts: Zurich announced that it is expanding the number of subclasses of businesses its small business division will underwrite to provide more diversified market opportunities for agents doing business with the company. An additional 188 subclasses are now eligible under Zurich’s core retail, office and service segments for insurance programs that include auto, umbrella and, for many classes, workers’ compensation.

Dollars: Up to $15 million.
States: All except Hawaii.
Carrier: Rated by “A” stable, A.M. Best. Admitted.
Contact: Local state agent or call 800-800-3907.

General Liability
Nuts & Bolts: DFR Insurance Services Inc. is offering a new market for general liability for general contractors, artisans and roofers. National Contractors Insurance Company, Inc. (NCIC), a risk retention group, specializes in general liability insurance for the licensed general and artisan contractor. Minimum premium for most classes is $1,500, and $3,000 for general contractors.

Dollars: $1 million to $2 million. Minimum premium $1,500 and $3,000 in most states, general contractors and roofers higher.
States: Ariz., Calif., Colo., Fla., Ill., Nev., N. M., N. Y., Texas, Utah and Washington, D.C.
Carrier: National Contractors Insurance Co. New company, not rated yet by A.M. Best. Non-admitted.
Contact: Pascal Burke, 949-285-1249 or e-mail pascal@pmax.org.

ART Facilities
Nuts & Bolts: Darwin Professional Underwriters Inc. has introduced a new management and professional liability coverage for alternative risk transfer (ART) facilities, including captives, risk retention groups, reciprocals, and exchanges, as well as privately held non-rated insurance companies (i.e., insurance companies without an A.M. Best Company financial strength rating).

Darwin has partnered with Ohio-based Quadrant Insurance Managers (Quadrant), as its underwriting partner for this product. The product, ART management and professional liability insurance, is geared towards ART facilities that offer property and casualty, workers’ compensation, and life, accident, and health solutions with $250 million or less in annual gross written premium. Coverage is made up of directors and officers (D&O) liability, employment practices liability (EPL).

Dollars: $1million to $10 million on primary or excess basis. Minimum premium is $25,000.
States: All.
Carrier: Darwin Select Insurance Company, rated “A-“VIII by A.M. Best. Non-admitted.
Contact: Douglas Ruml, 877-782-3726 or druml@quadrant-us.com.

Tech Firms
Nuts & Bolts: The Hartford Financial Services Group Inc. announced it has expanded the policy limits available to customers from $1 million to $2 million on The Hartford’s FailSafe MEGA product, a professional liability coverage designed specifically for smaller technology firms and offered through the company’s Technology Practice Group. The Hartford’s Technology Practice Group helps agents and brokers serve all types of technology clients, from start-ups to established market leaders. When purchased with the The Hartford’s popular Spectrum business owners’ policy, FailSafe(R) MEGA creates an insurance solution that can help meet the growing needs of smaller tech firms.

Dollars: $1 million to $2 million. Minimum premium is $800.
States: All except Hawaii.
Carrier: The Hartford, rated “A+” by A.M. Best.
Contact: Toby Levy, director, Technology Practice Group, at 820-547-3977 or e-mail tlevy@thehartford.com.

New Builder Construction
Nuts & Bolts: Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a new owner builder course of construction policy in California. Coverage is written on a homeowners HO-3 Form. Builders Risk policies can be converted to a full homeowners policy upon completion.

Dollars: Coverage limits start at $300,000. Total insured value of more than $5 million is subject to approval.
States: California.
Carrier: Rated “A+,” XV. Non-admitted.
Contact: For more information, contact Bonnie Zanin at 916-780-7000, ext. 313 or e-mail at bonniez@abraminterstate.com.

National Mining Program
Nuts & Bolts: Casualty & Surety Inc. (CSI), a specialty MGA, announced that it has been granted underwriting authority for a new National Mining Program. The company will be able to write coverage for general liability, auto, property and inland marine. CSI’s underwriting team has collectively been involved in the mining arena for over 50 years. Additionally, Casualty & Surety can write through various other carriers all of the above coverages, plus employers liability, umbrella liability, and workers’ compensation.

The program is available in all 50 states and to all types of mining companies, including coal, aggregates and hard rock, mining for both surface and underground operations, as well as the various processing facilities.

Dollars: Limits $1 million to $2 million. On the property side can written up to $10 million per location.
States: All.
Carrier: Rated “A” FSC XV by A.M. Best. Admitted and non-admitted.
Contact: Jim Godfrey, 205-995-0713 or e-mail igodfrey@csiapex.com.

Umbrella Reinsurance
Nuts & Bolts: John B. Collins Associates, Inc. is offering a new national umbrella facility that provides up to $5 million in commercial and personal umbrella limits exclusively for Collins clients. It serves as a master reinsurance program for umbrella business of qualifying firms, providing “following form” coverage and rate flexibility to allow Collins clients to more effectively serve their clients’ needs.

Umbrella insurance policies cover losses above the limit of an underlying policy or policies, such as homeowners or auto insurance. Terms of coverage are sometimes broader than those of underlying policies.

For many regional and independent insurers, however, the reinsurance needed to write such business has been disproportionately expensive and difficult to obtain, according to Collins. The Collins facility assists such insurers by bringing numerous, similar regional insurers into one facility, providing a more balanced mix of business to reinsure.

Dollars: Up to $5 million per occurrence.
States: All.
Carrier: Axis, Hanover, Transatlantic, all rated “A” to “A+” XV A.M. Best. Admitted.
Contact: Andy Justice, at 972-385-6250 or e-mail andy.justice@collins.com

Celebrity, Mascot or Character Appearances/Photo Booths
Nuts & Bolts: General liability, including contractual liability, personal injury and advertising injury liability for celebrity, mascot or character vendors operating concessions and exhibits is available from K&K Insurance Group Inc. This program is specifically tailored for concessionaires, exhibitors and vendors operating at various types of sites, including special events, arts and craft shows, fairs, festivals and trade shows.

Premiums vary according to the overall square footage and the number of tables or booths. K&K offers a fee-based program, however, commissions are negotiable for books of business. During the policy period there are no limitations on the number of shows the insured may attend. This program is a self-rating/brochure-style product where applicants can submit payment with enrollment form for faster processing.

Dollars: Program includes $300,000 damage coverage to premises rented to you; $5,000 medical payments.
Carrier: Rated “A+” by A.M. Best. Admitted.
States: All.
Contact: K&K Insurance Group Inc, 800-328-2317 or e-mail KKgeneral@kandkinsurance.com.

Crane-Construction Contractors Program
Nuts & Bolts: California-based Arrowhead General Insurance Agency Inc. is offering a new crane-construction contractors program. Endorsements include riggers liability in addition to other coverage enhancements as part of the policy limits.

Dollars: Limits $1 million/$2 million; $2 million for general liability. Business auto policy is $1 million combined single limits. Minimum general liability deductible is $5,000, with a minimum premium for general liability at $25,000.
Carrier: Rated “A-” by A.M. Best. Admitted and non-admitted.
States: Coverage is available by appointment only in Ala., Alaska, Ariz., Ark., Calif., Colo., Conn.*, D.C., Del.*, Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., La., Md., Mass., Maine*, Miss., Mich.*, Minn.*, Mo., Mont., Neb., N.J.*, N.Y.*, N.H.*, Nev., N.M., N.C., N.D., Ohio, Okla., Ore., Pa., R.I.*, S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., W Va., Wis., and Wyo.

(*Approval currently pending for general liability only.)

Contact: Barbara Hartz, 619-881-8508 or e-mail AGIAconstruction@arrowheadgrp.com.