Excess Workers’ Compensation Buffer Layer Program
Market Detail: Gray Specialty (www.grayspecialty.com) provides buffer layers of excess workers’ compensation coverage to qualified self-insureds, self-insured groups, joint powers authorities and associations. Self-insured retentions as low as $100,000 and limits of up to $1 million are available. Coverage is offered on an admitted basis. The admitted coverage fits below the excess carrier’s attachment and allows the insured to lower their retention to levels not found in the excess workers’ compensation marketplace.
Available limits: Minimum $100,000, maximum $1 million
Carrier: Unable to disclose, admitted
States: Ala., Ariz., Ark., Calif., Colo., D.C., Ga., Ill., Ind., Iowa, Ks., Ky., La., Mass., Mich., Minn., Miss., Mo., Neb., Nev., N.J., N.M., N.Y., N.C., Ohio, Okla., Pa., S.C., S.D., Tenn., Texas, Utah, W.Va., and Wisc.
Contact: Robert Swayze at 504-754-6701 or e-mail: rswayze@grayspecialty.com
Yacht
Market Detail: American Reliable Insurance Co. (ARIC) (www.americanreliable.com) underwrites and services an array of specialty insurance programs marketed nationwide, with an emphasis on general agency distribution. ARIC specializes in personal lines and agricultural products.
Available limits: As needed
Carrier: Unable to disclose
States: All states
Contact: Steve Fekety at 800-535-1333 or e-mail: sfekety@americanreliable.com
Alternative Workers’ Comp
Market Detail: Selectpeo (www.selectpeo.com) has exclusive workers’ comp programs and a market that include features such as pay-as-you-go, no audits and cash flow – large down payments, little to no collateral, no audit costs and claims management included. High risk business is no problem, including clients that are: A brand new business; have excessive claims or open claims; high risk workers’ comp codes; have a lapse in coverage; required to provide a large deposit; in the state fund; have large cash collateral down for current policy; are being dropped, cancelled or non-renewed.
Available limits: As needed
Carrier: Unable to disclose, admitted
States: All states
Contact: Matthew Weiss at 631-238-2332 or e-mail: matt@selectpeo.com
TRO Surety Bond
Market Detail: Surety Bond Authority Inc.’s (suretybondauthority.com) Temporary Restraining Order Bond offering, otherwise known as a TRO bond, is a type of injunction bond that provides protection to a defendant against possible loss should the court rule that a temporary restraining order was illegal or unnecessary in the litigation. Some courts require a plaintiff to post a temporary restraining order surety bond in the course of litigation. This type of bond is required by certain courts when a plaintiff wants to prevent the plaintiff from performing a particular act that might affect the outcome of the case. It is also intended to protect the rights of the defendant against any loss arising from the TRO in case the judge later rules that the TRO should not have been granted. The bond protects the rights of the defendant should he or she win the case.
Available limits: Minimum $5,000, maximum $5 million
Carrier: Unable to disclose, admitted
States: All states
Contact: Greg Rynerson at 800-333-7800 or e-mail: info@suretyauthority.com
Taxi Program
Market Detail: American Risk Management Inc. (arminsure.com) is the exclusive agent for light public auto programs underwritten by an 80+ year-old admitted carrier that is writing business in 13 states across the country. ARM principally works with a limited number of high-quality specialist producers in each state and is very selective in the producers that it chooses to work with, focusing on those producers that can demonstrate an understanding of the unique aspects of the public auto business and have a track record of profitable production. With this program, ARM is focused on increasing production of livery business with a focus on taxi, sedan (car service), and miscellaneous public auto accounts. It is currently not writing non-emergency medical transportation (NEMT) accounts. Currently operating in 13 states with a particular interest in expanding its business in Indiana, Oklahoma and Wisconsin.
Available limits: Maximum $2 million
Carrier: Unable to disclose, admitted
States: D.C., Ind., Md., Minn., Mo., Ohio, Okla., Ore., S.C., Tenn., Texas, Va., and Wisc.
Contact: Kamila Maciejewska at 202-864-0650 or e-mail: kamila.maciejewska@arminsure.com
CAT Property
Market Detail: WKFC Underwriting Managers (www.wkfc.com) offers windstorm or hail coverage, excluding flood & quake. Construction: all types; 1950 or newer; updates required on older buildings. TIV up to $500 million; minimum premium $5,000.
Available limits: Maximum $25 million
Carrier: Unable to disclose, admitted
States: All states
Contact: Marketing Dept. at 516-986-5332 or e-mail: marketing@wkfc.com
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