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.
Commercial Property
Market Detail: RISC brings to market a commercial property program designed for a diverse class of operations. All commercial and habitational classes are considered with the exception of explosives, fertilizer, hazardous materials, sawmills, heavy manufacturing and nightclubs. This program offers underwriting flexibility, quick turnaround and a broad appetite of diverse business classes. RISC provides competitive pricing within a 48-hour or better turnaround time. Highlighted classes include habitational risks such as condominiums and apartments. No wind coverage is available in Florida or any first tier counties in the Gulf or Eastern Seaboard. Additionally, there is no wind capacity within 100 miles of the Gulf in Alabama, Louisiana and Mississippi. There is no minimum premium nor is there a minimum deductible.
Available limits: Up to $10 million.
Carriers: Underwriters at Lloyd’s. “A” Rated by A.M. Best. Non-admitted.
States: All.
Contact: Chris Hayes at 214-220-0859 or e-mail hayes@gorisc.com.
Vacant Commercial Property
Market Detail: Klinger Associates Inc. makes available a market for vacant commercial property. Eligible risks include fire damaged properties, risks in bankruptcy, foreclosures, high value buildings and buildings undergoing renovations. Liability coverages can even be added subject to underwriting review. Deductibles vary depending on the specific risk.
Available limits: Up to $100 million.
Carriers: Unable to disclose. “A” Rated by A.M. Best. Admitted and Non-admitted.
States: Ala., Ark., Calif., Colo., Conn., Del., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., La., 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., R.I., S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., W.Va., Wis. and Wyo.
Contact: Bob Klinger at 317-845-9890 or e-mail Klinger@klinger-insurance.com.
Cultural Operations Umbrella
Market Detail: The McGowan Cos. offers an umbrella program designed for cultural types of operations. Eligible classes include art museums, botanical gardens, children’s museums, general museums, historical societies, natural history museums, nature centers, arboretums and science museums.
Available limits: $1 million to $25 million.
Carriers: Unable to disclose. Rating not provided. Admitted.
States: All.
Contact: Nicole Rickett at 800-545-1538 or e-mail nrickett@mcgowaninsurance.com.
Health Clubs & Fitness Facilities
Market Detail: K&K Insurance Group Inc. brings agents a complete line of programs to cover most health and fitness operations. Target classes include (but are not limited to) full service health clubs, exercise and sport clubs, fitness centers, health and wellness clubs, racquet and tennis clubs, gyms, exercise studios, circuit training studios, fitness instructors and others. Coverage can be quoted and purchased online for fitness instructors, dance instructors and sports instructors. Smaller fitness facilities are also eligible for the online quote and purchase option.
Available limits: As needed.
Carriers: Great American Assurance and Nationwide Mutual. “A” Rated by A.M. Best. Admitted.
States: All.
Contact: K&K Marketing at 866-554-4636 or e-mail KK_general@kandkinsurance.com.
Ice Rinks
Market Detail: American Specialty Insurance & Risk Services Inc. offers a program specifically tailored for ice rinks. The package of available coverages includes general liability (which is extended to provide participant legal liability, volunteers as additional insureds and sexual abuse/molestation coverage), excess or umbrella coverage, liquor liability, commercial automobile, commercial property, equipment breakdown, participant accident and medical coverage and catastrophic medical coverage. Various deductible options are available.
Available limits: Various as needed.
Carriers: Unable to disclose. “A+” Rated by A.M. Best. Admitted and Non-admitted.
States: All.
Contact: Jenny Zorger at 800-245-2744 or e-mail jzorger@amerspec.com.
Entertainers’ Workers’ Comp
Market Detail: U.S. Risk Underwriters offers VOCAL, a unique workers’ compensation policy specifically designed for the entertainment industry. VOCAL is an alternative to standard workers’ compensation coverage allowing the insured to purchase a short-term occupational accident and contingent liability master policy. A broad class of individuals qualifies for this protection ranging from volunteers to pyrotechnic personnel. Quick and easy quoting, payment and binding. Minimum premium is as low as $10.
Available limits: Statutory.
Carriers: Unable to disclose. “A” Rated by A.M. Best. Admitted and Non-admitted.
States: Ala., Alaska, Ariz., Ark., Calif., Del., D.C., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., La., Maine, Md., Mass., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.H., N.J., 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.
Contact: Lorna Greenwood at 800-232-5830 ext. 52470 or e-mail lornag@usrisk.com.
E&O for Agency M&A
Market Detail: ELM Insurance Brokers Inc. offers a unique errors and omissions package geared exclusively for agents, brokers and MGAs planning to be part of a merger or acquisition. This innovative errors and omissions product removes the selling party’s need to purchase tail coverage. ELM has direct access to the only market willing to provide the buying firm with coverage that extends to include all prior acts of the acquired entity. Minimum premiums begin at $6,500. Deductibles begin at $10,000.
Available limits: $1 million to $5 million.
Carriers: Unable to disclose. “A” Rated by A.M. Best. Admitted and Non-admitted.
States: All.
Contact: Fred Fisher at 310-322-1301 or e-mail ffisher@e-o.com.
Self-Storage Warehouse Program
Market Detail: PGI Commercial offers a BOP program for self-storage warehouses. Available coverages include property, general liability, crime, customer goods legal liability and sale and disposal liability. Three levels of coverage enhancements. Minimum premium begins as low as $500. Deductibles start at $1,000.
Available limits: $100,000 to $30 million.
Carriers: Member companies of Argonaut Insurance Group. “A” Rated by A.M. Best. Admitted and Non-admitted.
States: All except Alaska and Hawaii.
Contact: Frank Maenza at 973-631-7575 or e-mail fmaenza@pgicommercial.com.
Wind Energy Power Plants
Market Detail: Tri-City Brokerage, a Division of Crump Insurance Services provides agents an insurance solution for the renewable energy industry. Crump/Tri-City is the exclusive access point to this facility offering coverage for wind energy power plants.
Available limits: As needed.
Carriers: Unable to disclose. “A” Rated by A.M. Best. Admitted.
States: All.
Contact: Tri-City Marketing at 877-247-9772 or e-mail marketinginfo@tricityins.com.
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