Umbrella Reinsurance
Nuts & Bolts: John B. Collins Associates Inc. has a 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 serve 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. The Collins facility assists reinsurers by bringing similar regional insurers into one facility.
Dollars: Up to $5 million per occurrence.
States: All.
Carrier: Axis, Hanover, Transatlantic, rated “A” to “A+” XV, by A.M. Best. Admitted.
Contact: Andy Justice, 972-385-6250, andy.justice@collins.com.
Residential Contractors Coverage
Nuts & Bolts: Hull & Co. has a custom home builders program. The company will entertain risks with 20 starts per year or less. Coverage is provided by an “A-VIII” rated carrier. Remodelers and renovations are acceptable. Occurrence form with five year sunset clause or claims made policy option with five year ERP included. The program targets risks generating in excess of $500,000 annual revenue.
Dollars: $1 million to 2 million. Minimum premium is $40,000.
State: California.
Carrier: Rated “A-” VIII by A.M. Best. Non-admitted.
Contact: Jeff Case, 866-434-2210 ext. 224 or e-mail jcase@hullco.com.
Liability Long Term Care Facilities
Nuts & Bolts: Houston-based London American Risk Specialists Inc. is offering CareSurance, a liability insurance program designed for skilled, assisted and independent long-term care (LTC) facilities across America. CareSurance uses a risk assessment of each facility and generates a quote based on the facility’s risk profile. The program also includes risk management tools from LTCQ Inc. Some of the risk management tools are a Data Integrity Audit (DIA) of the Minimum Data Set (MDS) done prior to state submission that includes online feedback on inconsistencies. There is also a documentation check-off feature that is designed to ensure exceptions or special circumstances are properly documented in the medical record.
Dollars: Limits of up to $5 million per claim and $15 million in the aggregate are available per nursing home, with deductibles from $10,000.
Carrier: Rated “A” XV by A.M. Best. Non-admitted.
States: All except Hawaii and Alaska.
Contact: Mike Mullens, 214-373-3936 ext. 206 or e-mail mmullens@LondonAmerican Tx.com.
Liquor Liability
Nuts & Bolts: Pacific Coast E&S Services of Sherwood, Ore., has stand-alone liquor liability for restaurants, bars, taverns (live entertainment OK), package stores and private clubs. Assault and battery coverage is also available.
Dollars: $1 million per occurrence; $1 million aggregate.
States: Oregon.
Carriers: Rated “A-” VII by A.M. Best. Non-admitted.
Contact: Eric Dahl, 866-925-8368, www. pacifccoastes.com.
Topics AM Best
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