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March 5, 2012

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Technology/Cyber/Media Coverages
Market Detail: S.H. Smith & Co. offers a variety of coverages including, but not limited to: technology errors and omissions, privacy liability, network security, media and advertising, identity theft, and cyber liability. Key industries are: education, healthcare, finance and media.
Available limits: As needed.
Carrier: Chubb & Others, admitted and non-admitted.
States: All states.
Contact: David Perkins at 781-247-6223 or email: David_Perkins@shsmith.com.

Earthquake Deductible Buyback
Market Detail: Abacus Insurance Brokers has lowered the deductible on a residential earthquake policy down to 5 percent. Also included: 10-second quick rater; minimum premium of $150; no age restrictions; no size restrictions; single family residences, duplex, triplex and fourplex.
Available limits: As needed.
Carrier: Unable to disclose, admitted.
States: California only.
Contact: Darren Lewin at 310-500-2302 or email: darren.lewin@abacus.net.

Medical Marijuana Crop Coverage
Market Detail: MMD Insurance has an A+ rated carrier to offer medical marijuana crop coverage in the United States. Crop coverage is available on a 12-month policy and can add governmental actions and cargo. Coverages include: general liability with products completed operations; live plant coverage, marijuana finished stock; excess coverage of $1 million to $10 million; business personal property; grow equipment; loss of business income; loss of rents signs; tenant improvements and betterments; special property endorsement; and building coverage.
Available limits: Minimum $825, maximum $1 million.
Carrier: Unable to disclose, non-admitted.
States: Alaska, Ariz., Calif., Colo., D.C., Hawaii, Maine, Mich., Mont., Nev., N.J., N.M., Ore., R.I., Vt. and Wash.
Contact: Customer service at 888-751-3141.

REO Coverage
Market Detail: Innovative Risk Solutions offers REO coverage to banks, credit unions, investors and hard money lenders. Also offered: web-based program to manage multiple locations on one policy, instant evidence of insurance 24/7, replacement cost or ACV simple direct monthly billings. Property, flood and liability coverage is available in all states.
Available limits: Minimum $250,000, maximum $100 million.
Carrier: Lloyd’s.
States: All states except Alaska and Hawaii.
Contact: John Watt at 954-931-4795 or email: jwatt@irs-incorporated.com.

Pay-As-You-Go Workers Compensation
Market Detail: Pinnacle Underwriters pay-as-you-go workers’ compensation has no down payment and is direct billed monthly. Contractors, staffing and new companies are accepted.
Available limits: Minimum $500,000, maximum $1 million.
Carrier: Unable to disclose.
States: All states except Alaska, Conn., Del., D.C., Maine, Mass., Md., Mont., N.D., N.H., N.Y., Ohio, R.I., S.D., Vt., Wash. and Wyo.
Contact: Derek Lynn at 972-715-0999 or e-mail: dlynn@pinnacleunderwriters.com.

Elite Restaurant Insurance Association
Market Detail: DGP Miles Insurance Agency offers all lines of coverage to restaurants. Other features: dividend on all lines of coverage (except umbrella); non-auditable; no coinsurance; no wind deductible; premium based on public square foot (not revenue); liquor included in general liability; and umbrella covers over liquor.
Available limits: Minimum $1 million; maximum $10 million.
Carrier: Unable to disclose, admitted.
States: Conn., Maine, Mass., N.H., N.J., N.Y., R.I. and Vt.
Contact: Amanda Munoz at 972-934-4209 or email: amunoz@marketscout.com.

Trade Contractors
Market Detail: Norman-Spencer Agency‘s construction insurance solutions (CIS) is a program designed for residential and commercial artisan-type contractors, operating in states noted for construction defect litigation. Underwritten by a national, non-admitted A-rated carrier, the program lead lines are general liability and excess liability, with property and auto also available. Program features include open distribution and availability in selected states.
Available limits: As needed.
Carrier: Unable to disclose, non-admitted.
States: All states except Hawaii.
Contact: Customer service at 800-543-3248.

Property and General Liability
Market Detail: Element22 Insurance Services provides commercial property and general liability coverage for shopping and retail centers.
Available limits: As needed.
Carrier: Multiple carriers, admitted and non-admitted available.
States: Ala., Ga., Fla., La., Miss., N.C., S.C. and Texas.
Contact: Customer service at 888-992-4405.

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