New Markets

November 30, 2008

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.

Waste Haulers
Market Detail: ELM Insurance Brokers Inc. offers automobile and general liability coverage for residential and commercial waste haulers. Ancillary coverages such as workers’ compensation, environmental liability, umbrella liability and executive liability coverages are also available. Minimum premiums begin at $100,000.
Available limits: $1 million to $10 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Admitted.
States: Ala., Ariz., Calif., Conn., Del., D.C., Fla., Ga., Ill., Ind., Maine, Md., N.J., N.Y., N.C., Pa., S.C., Tenn., Vt. and Va.
Contact: Jim Goble at 646-367-5165 or e-mail jgoble@insurancespecialtygroup.com.

Environmental/Pollution Programs
Market Detail: USG Insurance Services works with more than 260 carriers in all states to bring agents a pollution program. Sought-after classes include contractor’s pollution liability, site specific pollution, asbestos abatement, mold remediation and waste water treatment plants. A detailed appetite guide and customizable marketing pieces are available from USG’s Web site.
Available limits: Not provided.
Carriers: Unable to disclose. “A” rated by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Kristen Taylor at 724-754-9007 or e-mail ktaylor@usgins.com.

Hi-Tech Firms in IT
Market Detail: CCBsure Technology Insurance offers a complete package for the unique risks of hi-tech firms in the IT industry. In addition to standard property/casualty coverage, CCBsure’s carrier provides media liability, cyber extortion, network security and professional liability.
Available limits: As needed and available.
Carriers: Chubb, Travelers, CNA, Great American and One Beacon. “A” to “A++” Rated by A.M. Best. Admitted.
States: All.
Contact: Estelle Cummings at 410-901-0730 or e-mail

Construction Managers & Consultants Errors & Omissions
Market Detail: Travis-Pedersen and Associates of Arizona offers a comprehensive policy to cover construction managers and consultants. Coverage is available for various services provided by construction managers and consultants including: 1) acting as the owner’s representative or agent; 2) constructability reviews; 3) value engineering; 4) schedule development; 5) establishing preliminary and working budgets; 6) consulting on design, utility and building costs; 7) reviewing contractor qualifications; 8) monitoring contractor and design team performance; and 9) construction claims management.
Available limits: $500,000 to $5 million.
Carriers: Various “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., La., Maine, Md., Mass., Mich., Minn., Miss., Mo., Mont., Neb., Nev., 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., Wyo.
Contact: Matt Gervin at 480-281-3850 or e-mail mattg@travped.com.

Water Damage Contractors
Market Detail: UCPM Environmental is one of only a few wholesale brokers that can access all three insurance markets approved by ServePro from which pollution coverage can be purchased. Servpro has allowed its franchisees to purchase pollution (including mold coverage) from a select group of carriers in addition to their risk retention group: Everest Indemnity, AIG, or Rockhill Insurance. UCPM can also access a number of other carriers which can comply with referral organizations requirements such as Alacrity Services or Crawford Contractor Connection (needed by fire and water restoration franchisees). Minimum premiums begin at $2,500 as do deductibles.
Available limits: $500,000 to $10 million.
Carriers: Unable to disclose. “A” Rated by A.M. Best. Admitted and Non-admitted.
States: All.
Contact: Bart Jarman at 480-682-1562 or e-mail bjarman@ucpm.com.

Para Transit Program
Market Detail: Irwin Siegel Agency Inc. offers a comprehensive package program for agent’s for-profit and non-profit agencies offering Para transit. Package coverages include general liability, automobile and umbrella. Optional coverages include “employees as insureds,” abuse coverage, garage liability and hired car physical damage up to $50,000. There is limited capacity for emergency services vehicles in conjunction with Para-transit services. The program makes extensive Fleet and Driver Risk Management services available to clients.
Available limits: As needed.
Carriers: AIG. “A+” Rated by A.M. Best. Admitted.
States: Alaska, Ariz., Ark., Calif., Colo., Conn., Del., D.C., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., Maine, Md., Mass., Mich., Minn., 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: Shannan Broughan at 800-622-8272 or e-mail Shannan.Broughan@SiegelAgency.com.

Layered Excess Program
Market Detail: Tri-City Brokerage, a division of Crump Insurance Services Inc., introduces a unique excess liability facility known as United Excess. This capability was developed through the participation of a number of high quality admitted carriers and provides enhanced coverage for a variety of risks. This facility diminishes concentration of risk by spreading any excess loss payment across the group of carrier participants. Up to $125 million in excess limits available at a $25 million attachment.
Available limits: Up to $125 million.
Carriers: Various. “A” rated by A.M. Best. Admitted.
States: All.
Contact: Marketing at 877-247-9772 or e-mail TheOne@crumpins.com.

Tough Professional Liability
Market Detail: MarketScout offers a program to satisfy the professional liability needs of the toughest accounts. Some examples include: geotech and soil engineers, offshore and marine engineers, roofing consultants, structural engineers, medi-spas, home health care, tissue banks and correctional medicine operations. Minimum premiums begin at $3,000 and deductibles start at $2,500.
Available limits: $300,000 to $5 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Non-admitted.
States: All.
Contact: Norman Alberigo at 972-932-4275 or e-mail nalberigo@marketscout.com.

Nonprofits
Market Detail: NIF Group Inc. has been a market for most nonprofit organizations for more than 26 years. NIF Group can offer the entire package: property, general liability, professional liability, medical malpractice, sexual misconduct, crime, auto and umbrella. Targeted classes include risks such as: professional societies, grant making foundations, educational institutions, libraries, parent/teacher groups, culture and humanities, fundraising groups, historical societies, music groups, choral groups, theatres, symphonies and animal related services just to name a few. Minimum premiums begin as low as $500.
Available limits: $1 million to $3 million.
Carriers: Safeco and NOVA Casualty. “A” and “A-” rated, respectively, by A.M. Best. Admitted.
States: All except Alaska, Hawaii and Louisiana.
Contact: Nancy Williams at 516-365-7440 or e-mail nwilliams@nifgroup.com.

Submit your company’s property/casualty markets to the industry’s leading searchable database at www.mynewmarkets.com.

Topics AM Best Hawaii Maine Alaska

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal Magazine December 1, 2008
December 1, 2008
Insurance Journal Magazine

Program Directory, Vol. II