My New Markets

September 21, 2020

Commercial Crime

Market Detail: Axis Insurance Service, LLC (www.axisins.com) provides Commercial Crime insurance to all types of businesses to protect against the risk of theft of their money and securities. A typical crime policy is comprised of several coverage parts, providing you with options of which coverages to purchase depending on your profession, industry niche, and the exposures you face: Employee theft; burglary/robbery; forgery & alteration; wire transfer fraud; counterfeit money; social engineering; cyber theft; telephone fraud; ERISA/employee dishonesty; assets/monies in transit; theft of client’s property of securities. It’s important to note that commercial bank accounts are not afforded the same protections under the FDIC as personal accounts. Any business with a bank account is vulnerable to wire transfer, ACH fraud, or forgery and alterations risk, making crime insurance a must-have policy as part of a comprehensive risk management program.

Available limits: As needed

Carrier: Unable to disclose, admitted and non-admitted

States: All states

Contact: Mike Smith at 201-847-9175 or e-mail: msmith@axisins.com


Workers’ Compensation for Middle Market

Market Detail: Foresight Commercial Insurance (www.getforesight.com) targets hard-to-place risks with a technology-based workers’ compensation program. Foresight focuses on improved safety and lower rates through increased safety engagement. Using instant pricing indications, a digital submission process, and easy claims management and reporting, Foresight provides value for brokers and their more complex clients. Target classes include: Construction, light industrial, manufacturing, agriculture, and logistics. Foresight is now appointing a select group of founding broker partners specializing in middle market business in Texas, Arizona, New Mexico, California, Louisiana, Arkansas, Nevada, and Oklahoma.

Available limits: Minimum $25,000

Carrier: Foresight Commercial Insurance

States: Ariz., Ark., Calif., La., Nev., N.M., Okla., and Texas

Contact: Christine Garza at 800-965-3012 or e-mail: christine@getforsight.com


Community Services Insurance Program (CSIP)

Market Detail: Community Services Insurance Program (CSIP) (www.csipins.com) is an insurance program available to not-for-profit and social service organizations. CSIP provides specialized insurance coverages specifically designed for social services operations while providing meaningful cost savings.

CSIP offers specialized claims and loss control services, premium savings, and budget stability. CSIP provides workers’ compensation, liability, property, cyber, auto, inland marine, crime and umbrella coverage for lines of business that include: Community services; counseling and treatment centers; food & nutrition services; residential facilities & shelters; sports & recreation; education; arts & culture; associations & clubs; and allied health.

The program is written on an admitted and non-admitted basis through carriers rated “A” or better by A.M. Best

Company.

Available limits: As needed

Carrier: Benchmark Insurance

States: Fla., Ga., and Texas

Contact: Justin Wiley at 321-319-7584 or e-mail: justin.wiley@ballator.com


Travel Agent, Agency & Tour Operator E&O Insurance

Market Detail: 360 Coverage Pros (www.360coveragepros.com) offers a fast and affordable way to secure E&O for travel professionals. Coverage starts at $29.33 a month; applicants can apply online in minutes. Coverage available through an “A” rated carrier. Instant proof of E&O insurance and automatic renewals available.

Available limits: As needed

Carrier: Lloyd’s of London

States: All states

Contact: Joseph Matthews at 877-524-0265 or e-mail: admin@360coveragepros.com


Amazon Parcel Delivery

Market Detail: Plimsoll Specialty Markets LLC (www.plimsollspecialty.com) is a wholesale broker with access to competitive markets in this space, which is experiencing unprecedented growth.

Available limits: As needed

Carrier: Unable to disclose

States: All states

Contact: Michael Clark at 770-298-2806 or e-mail: mclark@plimsollspecialty.com


Contractor’s Tools & Equipment

Market Detail: Norman-Spencer Agency, LLC (www.norman-spencer.com) for tools & equipment includes: $1,000 minimum premium; quick quote turnaround; installation floater available; riggers liability available; new ventures acceptable. Target classes include: Excavation contractors; steel erectors; utility contractors; street & road contractors; and all other artisan contractors.

Available limits: Minimum $1,000

Carrier: Unable to disclose, admitted and non-admitted available

States: All states

Contact: Greg Rose at 937-432-1637 or e-mail: gregrose@norman-spencer.com

Topics Texas

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