Surgeons General Liability
Nuts & Bolts: Avreco is now offering Bariatric and General Surgery Physicians Professional Liability coverage. Eligible risks must be certified by the American Board of Surgery or the American Osteopathic Board of Surgery, and also a member of either the American Society of Bariatric Surgeons (ASBS), or the Society of American Gastrointestinal and Endoscopic Surgeons (SAGES). Claims-made/incident-sensitive policy form available. One unique option is Bariatric-only coverage for surgeons who want to continue their general surgery coverage with their existing carrier. Prior acts coverage is available subject to underwriting evaluation.
Dollars: Limits offered are up to $1 million per claim/$3 million per aggregate in most states with a mandatory $25,000 deductible.
Carrier: General Star, “A++ ” A.M. Best.
States: All except Ind., La., N.M., S.C. and N.Y.
Contact: Bill Yurek, byurek@avreco.com.
Horticultural and Agricultural Industry
Nuts & Bolts: Arrowhead General Insurance Agency Inc. offers stand-alone workers’ compensation coverage for horticultural and agricultural industry. Coverages include flower growers, nurseries, retail florists, retail garden supply stores and agriculture risks.
Dollars: Minimum premium, $1,000.
Carrier: Admitted. Rated “A-X” by A.M. Best.
States: California and Nebraska.
Contact: Mike Mathews, (866) 401-2111 or (866) 650-2747.
Builders’ Risk Policies
Nuts & Bolts: Britt Paulk Insurance Agency Inc. is offering a full line of builder’s risk coverage for transit, temporary storage, debris removal, fire department services, pollution clean up, trees, shrubs and plants, earth movement, flood, soft costs, loss of rental income and permission to occupy.
Dollars: Minimum premium is $300 residential, $500 commercial; deductible, $500 residential and $1,000 commercial.
Carrier: Admitted. Rated “A” by A. M. Best.
States: All except Hawaii.
Contact: Sandy McMillan, (770) 214-7605, sandy.mcmillan@brittpaulk.com.
Equipment Policies
Nuts & Bolts: Britt Paulk Insurance Agency Inc. is offering an equipment policy program that includes agriculture, forestry, construction and lawn and garden. The coverage is a first party physical damage for contractors’ equipment.
Classes include contractors, agricultural, forestry, cranes, wood yard/sawmill, utility, lawn and garden.
Dollars: Commission varies. Deductible, $500 and minimum premium is $400.
Carrier: Rated “A” by A.M. Best
States: All except Hawaii.
Contact: Jeff Vaughn, (770)214-7603, jeff.vaughn@brittpaulk.com.
Printers’ Errors & Omissions Coverage
Nuts & Bolts: Hartford’s new printers’ errors and omissions coverage form pays the insured’s legal liability for an economic loss resulting from a negligent act, error or omission in connection with printing services performed by the insured. Printing services errors are usually found in copy (words, pictures), printing (color, placement), assembly and distribution of material.
The basic E&O policy covers: Cost to recover work containing errors, cost to correct the work of subcontractors. The cost incurred to withdraw or inspect work because of known or suspected deficiencies in the work is also covered. The cost of postage paid, where the postage was properly applied is included. Also offered is “correction of work ” coverage which pays for the cost to correct the insured’s errors.
Dollars: Limits, $1 million primary/umbrella available up to $25 million. Deductible, $1,000/$2,500/$5,000/$10,000.
Carrier: Admitted. No rating.
States: All.
Contact: Allan Sague, (860) 547-6582.
Miscellaneous Medical Malpractice
Nuts & Bolts: NAS Insurance Services is offering several new miscellaneous medical malpractice insurance programs. Special features include sexual abuse/molestation sub limit options of $250,000/$500,000, defense in addition to the limits up to the full limit, and new, lower premiums for surgery centers, MRI facilities and dialysis centers. Class: medical malpractice. Coverage: professional liability; general liability.
Dollars: Limits $1 million per claim/$3 million aggregate.
Carrier: Rating “A XV”A.M. Best. Non-admitted.
States: Alaska, Hawaii and West Virginia.
Contact: David Leventhal, vice president, (818)382-2030, dleventhal@nasinsurance.
com.
To submit New Market information e-mail smckenna@insurancejournal.com.
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