New Markets

March 5, 2018

Insurance Broker / Large Retail Agent Errors & Omissions

Market Detail: Rockwood Brokerage (www.rockwoodbrokerage.com) serves as the exclusive national administrator of an errors & omissions (E&O) product designed to address the unique professional liability exposures faced by insurance agents and brokers generating gross written premiums of $2 million or more. Program highlights include: broad definition of professional services; includes notary, premium financing, and risk management/loss control activities; B+/government guaranteed insolvency exclusion; automatic coverage for independent contractors; punitive damages covered where allowable by law. Additional coverages included and outside of the policy limit. Wholesaler, MGA, and program administrators considered.

Available limits: Minimum $1 million, maximum $5 million

Carrier: Western World Insurance Group

States: All states

Contact: Mark Lann at 786-404-4444 or e-mail: mark.lann@rockwoodinsurance.com

Auto – Mexico

Market Detail: American Border Insurance Services, Inc.’s (www.abis-group.com) cruceSeguro coverage offers auto liability coverage for Mexican registered vehicles crossing the border into the USA. Policy includes roadside assistance.

Available limits: Minimum $15,000, maximum $300,000

Carrier: CHARTIS Seguros Mexico

States: Ariz., Calif., N.M., and Texas

Contact: Customer service at 800-554-2247

Difference in Conditions (DIC)

Market Detail: Southwest Risk, LP (www.swrisk.com) can provide various coverages including ground-up flood, excess flood, Cal quake, New Madrid quake, stand alone wind/hail/hurricane or even stand alone excess debris removal. DIC placements in critical or non-critical zones are like a jigsaw puzzle and rarely will any one carrier provide a large limit ground up. Southwest Risk can help piece that puzzle together and provide the terms the insured needs.

Available limits: As needed

Carrier: Unable to disclose

States: All states

Contact: Customer service at 214-206-4900

Medi-Spas

Market Detail: Arlington/Roe & Co. (www.arlingtonroe.com) offers coverage for medi-spa facilities specializing in laser hair removal, botox and microderm abrasion. Call to inquire on specific state information.

Available limits: Minimum $1 million, maximum $3 million

Carrier: Unable to disclose, non-admitted

States: Ill., Ind., Ky., Mich., Ohio, and Tenn.

Contact: Jim Eades at 800-878-9891, ext. 8626 or e-mail: jreades@arlingtonroe.com

A&M Commercial Contractors Market

Market Detail: Anderson & Murison, Inc. (www.andersonmurison.com) offers coverage for most commercial contractors including apartments, artisan contractors, contractors equipment rental, roofing, sprinkler/fire protection systems, and structural steel. Many more classes listed online. In-house binding authority and highly competitive markets available.

Available limits: Minimum $1 million, maximum $2 million

Carrier: Various, non-admitted

States: All states except Alaska and Fla.

Contact: Commercial Underwriting at 800-234-6977, ext. 220 or e-mail: commercial@amqts.com

Short Haul Trucking

Market Detail: Insurance Marketing Corporation of Oregon (IMCO) (www.imcoinsurance.com) has binding and quoting authority with a number of “A+ Rated” admitted and non-admitted carriers, including Lloyd’s. All policies and e ndorsements are issued in-house, including cancellations and reinstatements. All claims are reported direct to the office and then assigned to either company or independent adjusters for service. Wholesale insurance products include: motor truck cargo up to $1 million; physical damage; commercial auto liability; general liability; business auto; non-trucking liability; and miscellaneous equipment.

Available limits: As needed

Carrier: Unable to disclose

States: Calif., Ore., and Wash.

Contact: Customer service at 800-944-3128

Was this article valuable?

Here are more articles you may enjoy.

From This Issue

Insurance Journal West March 5, 2018
March 5, 2018
Insurance Journal West Magazine

How to Succeed in Small Business Market; Directory: Hospitality Risks; Markets: Homeowners & Auto, Business Interruption