Architects & Engineers
Nuts & Bolts: NAS Insurance Services Inc. offers architects and engineers errors and omissions insurance through qualifying wholesale brokers. The classes included, but not limited to, architects/building design, civil engineers, construction staking, electrical engineers, HVAC, interior designers (industrial), land surveyors, landscape architects, mechanical engineers, and process engineers.
Dollars: Limits up to $5M; deductible $5,000; minimum premium $5,000. Admitted. Rated “A” by A.M. Best.
States: All except Alaska.
Contact: Robert Speak, NAS Insurance Services, (818) 808-4476, or e-mail rspeak@nasinsurance.com.
Biotech & Medical Device Manufacturers
Nuts & Bolts: Venture Insurance Programs offers an all-line program for agents of research and development firms, and pharmaceutical and medical device manufacturers through its Venture Life Sciences program. The program utilizes Chubb Group of Insurance Companies, Discover Re, The Hartford, OneBeacon Insurance Co. and Zurich North America. Co. rated “A” to “A++” by A.M. Best.
Dollars: Minimum premium $25,000; deductibles and limits vary.
Carriers: Multiple.
States: All.
Contact: Annamarie Keen, (800) 282-6247, ext. 278, marketing@ventureprograms.com.
Collectibles
Nuts & Bolts: American Collectors Insurance offers coverage for precious collectibles. This policy supplements homeowners insurance. Once homeowners insurance limitations are explained to a collector with regard to full value replacement, this product does not require professional appraisals, inventories. The collectible policy covers most household collections. The company is admitted; “A excellent,” A.M. Best.
Dollars: Min. premium, $75; deductible $100.
Carrier: American Banker.
States: All except Alaska and Hawaii.
Contact: Erica Maurer, (800) 360-2277 or e-mail, erica.m@americancollectors.com.
Employment Practices, Smaller Employers
Nuts & Bolts: Rockwood has developed an EPLI product specifically designed to meet the needs of companies with 15 or fewer employees. This initiative is being marketed under the name of The Rockwood Guardian EPLI Program. The product offers meaningful coverage for as little as $500. Rated “A,” A.M. Best.
Dollars: Liability limit options of $50,000 and $100,000 are available. All polices are issued with a $5,000 retention.
Carrier: Lloyds of London.
States: All.
Contact: Thomas Caputo, (800) 588-8808, www.rockwoodinsurance.com.
Fertility Clinics Liability
Nuts & Bolts: Chicago-based Avreco has introduced new products based on the demand for increased in-vitro fertilization, new related products and an increase in the number of fertility clinics and the physician specialists who staff them. Coverage includes products liability; product liability with or without GL; and incidental professional liability.
Dollars: $5 M/$5M for physicians, professional liability. Limits available at $1M/$3M (some state restrictions may apply). Clinics, professional liability with or without GL and professional liability with or without GL are also available at $5M/$5M. Rated “A,” A.M. Best.
States: All, except for Kansas.
Contact: Charles Becker at (312) 294-6311 or cbecker@avreco.com.
Topics AM Best
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