MyNewMarkets

December 19, 2016

Physical Damage Insurance

Market Detail: International Transportation & Marine Agency (www.itmagency.com) offers physical damage insurance, often referred to as a collision coverage policy pays to fix or replace damaged vehicles. International Transportaiont & Marine Agency specializes in writing commercial automobile physical damage coverage primarily for local and long-haul trucking, taxicabs, limos and special automobile risks.

Available limits: As needed

Carrier: Unable to disclose

States: All states

Contact: Horrace Greene at 480-556-0200 or email: info@itmagency.com

Property Capacity for Water Treatment, Septic and Sewer Industries

Market Detail: WaterColor Management (www.watercolormanagement.com), an Alabama-based managing general underwriter, has opened new property underwriting facilities and has signed a new agreement with an A- VII surplus lines carrier. The agreement grants nationwide managing general agent authority with in-house rating and underwriting. The new capacity is designed for businesses in the private sector that are involved in water treatment.

The WaterColor Management is licensed to write business on a nationwide basis and has underwriting agreements with an A++ XV carrier to underwrite a highly specialized liability policy for the water treatment industry. Coverage for water treatment specialists includes protection against Legionella bacteria-based claims. Combined multiple coverages are available in one occurrence-form policy, including general liability; products and completed operations; professional liability; and broad pollution liability.

WaterColor’s clients include national and local water treatment service companies, water chemical manufacturers and distributors, as well as septic system installation and management companies. WaterColor’s customers apply biocides, scale inhibitors and corrosion preventatives to air-conditioning cooling towers; boilers and other water-regulated heat transfer mechanisms; and to irrigation systems. The company also covers businesses offering water filtration and water softening programs.

Available limits: As needed

Carrier: Unable to disclose

States: All states

Contact: Karen Seals at 256-260-0412 or email: karen@watercolormanagement.com

Marinas and Boat Dealers

Market Detail: Houston International Insurance Group (www.hiig.com) has an A-rated, admitted program developed for marinas and boat dealers. Coverages include: liquor liability; care, custody and control; commercial general liability; watercraft liability; accessories, hoist and haul-out, business interruption; property; piers and docks; marina operators legal; boats; completed operations liability; and ship repairers legal.

Available limits: As needed

Carrier: Great Midwest Insurance Co.

States: Ala., Ariz., Ark., Colo., Ga., Ill., Ind., Iowa, Ky., Mich., Minn., Mont., Nev., Ohio, Okla., Pa., Tenn., Texas, Utah, Wis., W.Va., and Wyo.

Contact: Kathleen Eaton at 713-935-4936 or email: keaton@bhuainc.com

Cyber Liability

Market Detail: Distinguished Specialty’s (www.distinguished.com) coverage targets hotels, resorts, and casinos. Coverage Option A includes $1 million aggregate limit; $5,000 deductible; 25,000 notifications per location (capped at 250,000). Sublimits for regulatory fines/penalties are: full limit; PCI fines and penalties: $100,000; legal and forensics: $100,000. Coverage Option B includes: $1 million aggregate limit; $5,000 deductible; 50,000 notifications per location (capped at 500,000); sublimits of: regulatory fines and penalties: full limit; PCI fines and penalties: $100,000; and legal and forensics: $250,000.

Available limits: As needed

Carrier: Unable to disclose

States: All states

Contact: Tara Hughes at 425-213-1259 or email: thughes@distinguished.com

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