New Markets

February 8, 2009

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.

High-Value Homeowners’ Protection
Market Detail: Irwin Siegel Agency Inc. brings agents access to AIG’s Private Client Group program. Private Client Group is a comprehensive package program for high net worth individuals seeking to protect their valuable assets and benefit from flexible coverages, innovative products, extraordinary services and competitive pricing. A high-deductible option is available to allow targeted high net worth clients effectively control costs. Agents are not subject to production minimums.
Available limits: As needed.
Carriers: American International Group. “A” rated by A.M. Best. Admitted.
States: All.
Contact: Mark Madsen at 800-622-8272 or e-mail mark.madsen@SiegelAgency.com.

General Liability for Roofers
Market Detail: MarketScout gives agents access to a general liability market for roofers. Residential, repair and commercial roofers are welcome. No exclusions for hot tar or heights. New entities are also welcome. The carrier can provide blanket additional insureds and blanket waivers of subrogation endorsements. Minimum premiums begin at $10,000 and the minimum deductible is $5,000.
Available limits: $1 million to $5 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Non-admitted.
States: All.
Contact: John Gaskill at 972-934-4212 or e-mail jgaskill@marketscout.com.

Specialty Equipment Rental General Liability Program
Market Detail: Trade Group Insurance Specialties Inc. created and is the exclusive underwriter for the FLOW Rental Program. FLOW provides general liability protection for specialty rental trades such as traffic control/barricades, portable toilet, temporary power and fencing, and water pump/flow diversion. Minimum premiums begin at $10,000.
Available limits: As needed.
Carriers: Unable to disclose. “A” rated by A.M. Best. Non-admitted.
States: All except New York.
Contact: Michael Bell at 866-366-7938 or e-mail mbell@tradegroupins.com.

TeleRadiology Professional Liability
Market Detail: Founders Professional LLC offers medical malpractice/professional liability protection to TeleRadiology practices serving hospitals, imaging centers, ASCs and physician groups. Coverage is provided on a claims-made basis with available prior acts protection. Minimum premiums begin at $25,000 and deductibles begin at $5,000.
Available limits: $1 million to $10 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Non-admitted.
States: All.
Contact: Robert C. Hall at 813-769-1290 or e-mail robert@founderspro.com.

Vacant Property
Market Detail: American Management Corp. offers property protection to owners of residential and commercial vacant property in 45 states and the District of Columbia. Minimum premiums begin at $750.
Available limits: Up to $2 million.
Carriers: Various carriers. “A” rated by A.M. Best. Non-admitted.
States: Ala., Ariz., Ark., Calif., Colo., Conn., Del., D.C., Ga., Idaho, Ill., Ind., Iowa, Kan., Ky., La., Maine, Md., 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: Stephen Strange Jr. at 800-233-2398 or e-mail stevejr@amcins.com.

Large Commercial Umbrella
Market Detail: Northern Star Insurance Agency LLC can offer certain classes of commercial insureds umbrella and excess coverage with limits up to $100 million. Northern Star specializes in community associations, real estate, hospitality, public entities, restaurants, museums and cultural centers, auto dealers, contractors, distributors, manufacturers, retailers, service organizations and many other market segments. Minimum premiums begin at $500.
Available limits: $1 million to $100 million.
Carriers: Unable to disclose. “A-” or better as rated by A.M. Best. Admitted and non-admitted.
States: Ala., Alaska, Ariz., Ark., Calif., Colo., Conn., Del., Ga., Ill., Ind., Md., Miss., Mo., Neb., Nev., N.J., N.M., N.Y., N.C., Ore., Pa., R.I., S.C., Tenn., Texas, Utah, Va. and Wis.
Contact: Eric Magee at 714-938-0015 or e-mail emagee@northernstarins.com.

Medical Property Protection
Market Detail: RPS of New York offers agents a property protection program designed specifically for the health care industry equipment. The medical diagnostic equipment coverage form is crafted to provide protection for: MRIs, CAT scanners, X-Ray equipment and other portable diagnostic equipment. Power units and specialized trailers part of mobile units can also be covered. Blanket limits of $250,000 are also available on items such as accounts receivable, EDP (including extra expense), extra expense, food spoilage and contamination, loss data preparation costs, personal property of patients and valuable papers and records. Minimum premiums and deductibles begin at $5,000.
Available limits: $1 million to $100 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Admitted.
States: All.
Contact: Robert Hecht at 631-969-1900 or e-mail bob_hecht@rpsins.com.

Training Schools Package
Market Detail: Agostini Wholesale Insurance offers agents a program focused on specialty training schools including: art, athletic, bartending, beauty, business, computer, cooking craft, dance, insurance, language, modeling, music, photography, public speaking, real estate, tailor, theater, tutoring instruction and more. General liability is available as part of a package or on a monoline basis. Professional liability and abuse/molestation coverage are also offered.
Available limits: As needed.
Carriers: Various carriers. “A++” rated by A.M. Best. Admitted and non-admitted.
States: Ariz., Calif., Colo., Md., Neb., Nev., N.M., Ore., Pa., Tenn., Texas, Utah, Va. and Wash.
Contact: Elizabeth Gaida at 619-593-2059 or e-mail elizabeth@agostinisurplus.com.

Artisan Contractors Package
Market Detail: Chopra Insurance Brokerage Inc. offers an artisan and trade contractors insurance program using some hard-to-find coverage – the 11/85 edition of the CG 20 10. Coverage is provided using Insurance Services Office’s (ISO’s) occurrence policy form. Other often requested coverages include: waiver of subrogation language, “primary” wording, blanket additional insured and a per-project aggregate. Coverage is also available for residential repair and remodeling contractors. Minimum premiums begin at $5,000 and deductibles start at $1,000.
Available limits: $1 million to $2 million.
Carriers: Unable to disclose. “A +” rated by A.M. Best. Non-admitted.
States: Ala., Ariz., Calif., Colo., Del., Fla., Ga., Idaho, Ill., Ind., Iowa, Kan., Ky., La., Maine, Md., Mass., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.H., N.M., N.C., Ohio, Okla., S.C., S.D., Tenn., Utah, Vt., Va., Wash., W. Va. and Wis.
Contact: John Upchurch at 818-551-4588 or e-mail Jupchurch@choprainsurance.com.

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

Topics Texas AM Best

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