New Markets
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com.
Builders Risk and Affiliated Exposures
Market Detail: Atlantic Risk Specialists (www.arspecialists.com) brings builders risk coverage to commercial and residential contractors. Coverage is available for new construction and for remodel/renovation. Remodeling and renovation contractors have the option to purchase coverage on the existing structure in addition to the new construction. Atlantic can access markets to provide protection for large equipment schedules consisting of owned and leased equipment; warehouseman’s coverage to cover customer’s goods in storage and while in transit; and miscellaneous property floaters to protect unique property. Minimum premium is $5,000 and deductibles begin at $5,000.
Carriers: Various “A” Rated by A.M. Best. Non-admitted.
States: All.
Contact: Darren Dooskin at 201-661-2340 or e-mail ddooskin@arspecialists.com.
Title Agents and Abstractors E&O
Market Detail: Fox Point Programs offers an E&O program for title agents and abstractors. A simplified, one-page application is used to apply for coverage in these programs. The target markets are title agents and abstractors generating annual revenue of less than $200,000. Tailored to address the unique liability exposures facing title agents and includes coverage for notary services and vicarious liability resulting from any negligent actions of a third party acting on the direction of the insured (such as an outside abstractor or title search firm). Identity theft coverage of $25,000 has been thrown in at no cost to the policyholder. Sponsored plans for title agent companies. Minimum premium is $1,000.
Available Limits: $500,000 to $1 million
Carriers: Certain Underwriters at Lloyds of London, “A” Rated by A.M. Best. Non-admitted.
States: All except California.
Contact: Jeremy Theobald at 302-765-6048 or e-mail jeremy.theobald@foxpointprg.com.
Local & Intermediate Trucking
Market Detail: USAssure Insurance Services Inc (www.USAssure.com) offers coverage for small fleets, 10 power units or less, operated within a 300 mile radius (intermediate hauling). Non-trucking coverage may also be written for this classification. Target classes include automobile haulers, livestock haulers, containerized freight haulers, flatbed load hauling, refrigerated loads, grain hauling and many more.
Available Limits: Various as needed.
Carriers: Zurich, “A” Rated by A.M. Best. Admitted.
States: Ala., Ariz., Ark., Calif., Colo., Conn., Del., D.C., Fla., Ga., Idaho, Ill., Ind., Iowa, Kan., Ky., Maine, Md., Mich., Minn., Mo., Mont., Neb., Nev., N.H., N.M., N.C., N.D., Ohio, Okla., Ore., Pa., R.I., S.C., S.D., Tenn., Utah, Vt., Va., Wash., W.Va., Wis. and Wyo.
Contact: Jenny Roberts at 800-713-1158 or e-mail jenny.roberts@usassure.com.
Real Estate Property
Market Detail: Kevin Davis Insurance Services (www.kdisonline.com) brings a full package of coverage to real estate risks. The package includes property, liability, umbrella, earthquake, workers’ compensation and directors and officers coverages. Target classes include: condominiums, homeowners associations, co-operatives, lessors risk only, apartments, commercial condominiums, restaurants and hotel/motel risks. Minimum premium is $2,500 and deductibles begin at $2,500.
Available Limits: As needed.
Carriers: Various “A+” Rated by A.M. Best. Admitted and Non-admitted.
States: Calif., Fla., Hawaii and Texas.
Contact: Ezana Asfaw at 213-833-6127 or e-mail easfaw@kdins.com.
Environmental Consultants
Market Detail: Gresham & Associates offers a professional liability program combining errors and omissions coverage with contractor’s professional liability to provide seamless coverage to environmental consulting firms. Target classes include air monitoring firms, industrial hygiene firms, analytical laboratories, toxicologists training institutes, asbestos and lead consultants and labs, UST consultants and testing firms, environmental consultants, environmental engineers and waste brokers. Minimum premium is $2,000 and deductibles start at $2,500.
Available Limits: As needed.
Carriers: Various “A+” Rated by A.M. Best. Admitted.
States: All.
Contact: Bob Reardon at 888-473-7442 or e-mail breardon@greshaminc.com.
Spot Auto Insurance Plan for Dealers (Temporary Coverage)
Market Detail: 413 Insurance Services LLC (www.spotautoinsurance.com) offers a specialized and unique coverage aimed at car dealers dealing with an uninsured buyer. This plan allows the dealer to go online and order full, short-term auto insurance coverage for anywhere from 3 days up to 30 days. Coverage is offered regardless of the customer’s age, driving record or license type. Down payments are based on the cost per day. Dealers can specify the number of days needed. A copy of the spot auto insurance policy is sent to the agent to solicit the customer for permanent insurance. Commission is on a flat rate per policy written.
Available Limits: As needed.
Carriers: Various “A+” Rated by A.M. Best. Admitted.
States: Ala., Ariz., Ark., Calif., Colo., Fla., Ga., Hawaii, Ind., La., Md., Mich., Nev., N.M., N.C., Ore., Tenn., Texas, Utah and Wash.
Contact: Brad Wiehe at 770-965-6221 or e-mail brad@spotautoinsurance.com.
Scaffolding Risks Program
Market Detail: Allied Insurance Brokers (www.alliedforbrokers.com) brings agents an exclusive general liability program for scaffold risks. Minimum premium for the program is $15,000.
Available Limits: Various
Carriers: Varies by risk and location. “A+” Rated by A.M. Best.
States: All.
Contact: Chuck Weisenborn at 800-569-9427 x228 or e-mail cweisenborn@alliedinsbrokers.com.
Small Business E&O Program
Market Detail: S.H. Smith & Co. Inc. (www.SHSmith.com) offers an exclusive errors and omissions program for small businesses. Coverage is tailored for specific classes of business and includes protection against disciplinary proceedings (up to $5,000), personal injury coverage, mutual selection of defense counsel and punitive damage coverage (where allowed by law). Coverage options include independent contractor coverage and defense outside limits. Target classes include real estate related services, consulting services, tech related services along with many classes of business not generally considered by other markets such as title agents, abstractors, escrow agents and collection agents. Minimum premium is $1,000 and deductibles begin at $2,500.
Available Limits: $250,000 to $3 million
Carriers: Endurance American Specialty Insurance Co. “A” Rated by A.M. Best. Non-admitted.
States: Ala., Alaska, Ariz., Ark., Calif., Colo., Conn., D.C., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., Maine, Md., Mass., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.H., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., Pa., S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., W. Va., Wis. and Wyo.
Contact: Charles P. Bellingrath at 860-561-3600 ext. 362 or e-mail Charles_Bellingrath@SHSmith.com.
Submit your company’s property/casualty markets to the industry’s leading searchable database at www.mynewmarkets.com.
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