Last Mile Delivery: Workers’ Compensation Markets
Market Detail: Freedom Risk Insurance Services (www.freedomrisk.net) works with the growing parcel delivery industry, offering several competitive workers’ compensation programs from large companies to start ups. Previous 1099 only exposure is OK (new laws in California are affecting these companies requiring employees be W2 and workers’ comp is required). Submission requirements include: Acord 130; trucking supplemental; currently valued loss runs; explanation of losses over 20,000. $5K Minimum Limit
Available limits: Minimum $5,000
Carrier: Unable to disclose
States: All states except N.D., Ohio, Wash., and Wyo.
Contact: Ryan Wakefield at 800-985-3028 or e-mail: submissions@freedomrisk.net
Cyber
Market Detail: Cowbell Prime (cowbell.insure) 250 is a standalone, admitted cyber insurance offering targeted at businesses with up to $250 million in revenue. Coverages include first-party loss, first-party expense and third party liability. Available coverages include: security breach expense (forensic, notification, call center, overtime salaries, post-event monitoring services, other expenses); extortion threats; replacement or restoration of electronic data; business income & extra expense; public relations expense; security breach liability (including PCI and regulatory); social engineering and cyber crime; ransom payment; telecommunication fraud; endorsements available for: cryptojacking, missed bid (construction), contractual damages (manufacturing), full media liability, full system failure, and contingent bodily injury and property damage. Up to $15 million in limit; deductible starting at $2,500.
Available limits: Maximum $15 million
Carrier: Benchmark Insurance Group and Obsidian
States: Ariz., Calif., Colo., Ga., Ill., Ind., Iowa, Mich., Minn., Mo., Neb., Nev., Ohio, Ore., Pa., Texas, Utah, and Wisc.
Contact: Brandon Murphy at 804-475-0064 or e-mail: brandon@cowbellcyber.ai
Logistics Operations
Market Detail: AmWINS Specialty Logistics Underwriters (ASLU) (www.amwins.com) is a specialist in the nuances of logistics insurance focused on creative ways to protect a client’s assets and avoid costly chain disruptions that can occur when shipping goods both domestically and globally. Target clients are freight forwarders. Each policy issued by ASLU is specific to the client’s needs in accordance with the services they provided as well as the individual exposures attached to them. Services provided by a freight forwarder may include: international or domestic transportation brokerage; customs house brokerage; non-vessel common carriers (NVOCC); indirect air carriers (IAC); motor truck carrier (MTC); warehousemen. Providing “All Risk” coverage to clients through the insurer for ocean and inland shipments as well as for goods in storage/warehouse. Program highlights include: U.S. admitted paper (A.M. Best “A” rated); all necessary coverages under one package, which eliminates coverage gaps and minimizes the necessity for brokers to place different coverages with multiple carriers. AmWINS can work with the insured to standardize the insurance-related portion of their contracts and minimize exposures, and customize a coverage package suitable for each individual insured. Certificate issuing platform for shippers interest and warehousing with full report capabilities; global claims settling. AmWINS offers coverage on 100% admitted paper and includes no E&S taxes; quick claims handling; backed by government funds to pay claims in the event of bankruptcy. As an AmWINS Group company, the nation’s largest independent wholesale distributor of specialty insurance products, ASLU has access to all the tools and resources of the global firm. Coverage & limits include: Shippers Interest Ocean Cargo – $15 million any one conveyance; Shippers Interest Domestic Transit – $15 million any one conveyance; Third-party Warehousing – $15 million any one location; Carriers Legal Liability (NVOCC, IAC, MTCLL & Contingent) – $5 million any one conveyance; Freight Forwarders E&O – $1 million any one occurrence; Warehouse Legal Liability – $15 million any one location. Premium starts at $10,000.
Submission requirements: ASLU application or full broker application; contracts of carriage/warehousing in use by the insured; five-year loss experience; other information, if necessary, requested upon submission.
Available limits: Minimum $10,000; maximum $15 million
Carrier: Argo
States: All states
Contact: Alex Rosas at 754-260-2199 or e-mail: alex.rosas@amwins.com
Lawyers Professional Liability
Market Detail: Grayhawk General Agency Inc. (GGA) (www.ggagency.com) is a wholesale broker and managing general agent specializing in offering lawyers professional liability with access to an extensive group of carriers. The company’s team has more than 20 years of experience to this specialty market.
Available limits: Minimum $100,000, maximum $5 million
Carrier: Unable to disclose, admitted
States: Ariz., Calif., Colo., Idaho, Mich., Mont., Nev., N.H., N.M., Ore., Tenn., Texas, Utah, Vt., and Wash.
Contact: Dan Moore at 480-551-3854 ext. 11 or e-mail: dan@ggagency.com
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