My New Markets

September 7, 2020

Paramount Trucking Program

Market Detail: Paramount Managing General Agency’s (www.paramountgeneralagency.com) trucking program is designed for trucking and transportation companies domiciled in the state of Texas, hauling goods for hire with a local to intermediate radius. Coverages available include: auto liability, physical damage, non-owned trailer/PD trailer interchange, and general liability. Intermodal containerized freight haulers and general trucking for-hire risks hauling eligible commodities are eligible. Commercial auto limits include: up to $1 million written on a combined single limit (CSL) basis; medical payments up to $5,000; PD can be written on a stated amount basis; hired auto liability up to the CSL (available on an “if any” basis only; non-owned auto liability up to the CSL (available on an “if any” basis only); trailer Interchange with a max limit for any one trailer of $100,000. Physical damage coverage deductibles starting at $1,000; $2,000, $3,000, $5,000 are also available. General liability limits: $2 million general aggregate; $2 million products/completed operations aggregate; $1 million per occurrence; $1 million personal & advertising injury limit; $100,000 fire damage liability limit; $5,000 medical payment limit. Services offered include: risk control services; downloadable/fillable form; claims handled by ESIS.

Policy covers: authorized for hire, common or contract authority motor carriers whose customary practice is to deliver an entire load (versus less than full truckload to one destination per trip); transportation of general dry freight, in accordance with eligibility guidelines; transportation of intermodal containers arriving at ports (including sea, rail, and air), placed on tractor-trailer units and moved to a warehouse, distribution center or other port; types of commodities hauled include but are not limited to general dry freight, agricultural products, building materials, bulk commodities, lumber, and refrigerated freight; appliances; consumer goods; electronic goods, including computers; equipment or machinery – smaller or mid-size – in van type trailer, not on flatbed trailer; grocery items/food products, including produce; non-perishable or perishable; refrigerated, frozen; paper, paper products; and plastics.

Available limits: As needed

Carrier: DB Insurance Co.

States: Texas only

Contact: Mario Mendiola at 866-514-2200 ext 569 or e-mail: mario@paramounttx.com


Social Service- Difficult to Place

Market Detail: NIF Group, Inc.’s (www.nifgroup.com) coverage is offered through to A rated or higher carriers for general liability and professional liability on an occurrence or claims made basis (with matching retro dates). Abuse and molestation available. For profit and not for profits considered. Designed for accounts with unusual exposures, no prior insurance or loss problems. This product may be combined with an admitted property and auto market.

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

Carrier: Ironshore or Admiral

States: All states except Hawaii

Contact: Paul Orlando at 516-365-7440 or e-mail: marketing@nifgroup.com

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Insurance Journal West September 7, 2020
September 7, 2020
Insurance Journal West Magazine

Surplus Lines: Wholesale & Specialty Insurance Association Annual Marketplace; Market: Energy