Insurance Agents E&O
Nuts & Bolts: London American Profes-sional Liability LLC, a program administrator and MGA, introduced a new professional liability program for insurance agencies. The program is designed for agencies with gross written premiums between $5 million and $250 million. Coverage is offered on both a primary and excess basis. Eligible agencies include retailers, wholesalers, specialist firms and hard to place firms.
Dollars: $5 million each claim/$5 million annual aggregate limit. Minimum premium $10,000/$5,000 excess.
Carrier: Rated “A” XV by A.M. Best.
States: All.
Contact: Ed Velasquez, (201) 944-7000 or e-mail evelasquez@londonamericantx.com.
E&O for New P/C Agents
Nuts & Bolts: Rockwood Programs recently partnered with certain underwriters at Lloyds of London to offer professional liability coverage for property/casualty agents licensed less than three years. Eligibility considerations include years of experience, annual commission revenues, risk location and types of products placed. New policyholders must also agree to access and review the risk management tools available on the company’s Web site. Once an agent has three years of experience, he/she becomes eligible for Rockwood’s standard program.
Dollars: Limits of $1 million/$1 million; $5,000 deductible. Premiums start at $3,100.
Carrier: Lloyds of London. Admitted and non-admitted.
States: All except Ala., Alaska, Ariz., Calif., Fla., Hawaii, La., Mass., Miss., Nev., N.J., Texas, Wash. and W. V.
Contact: Darryl McCallin, (302) 765-6018 or darryl.mccallin@rockwoodinsurance.com.
Retail Carts
Nuts & Bolts: General liability, including contractual liability, personal injury and advertising injury liability for retail cart vendors operating concessions and exhibits is available from K&K Insurance Group Inc. This program is tailored for concessionaires, exhibit-ors and vendors operating at various types of sites, including special events, arts and craft shows, fairs, festivals and trade shows. Premiums vary according to the overall square footage and the number of tables or booths. K&K offers a fee-based program, however commissions are negotiable for books of business. During the policy period there are no limitations on the number of shows the insured may attend. This program is a self-rating/brochure-style product where applicants can submit payment with enrollment form for faster processing.
Dollars: $300,000 damage coverage to premises rented; $5,000 medical payments.
Carrier: Rated “A+” by A.M. Best. Admitted.
States: All.
Contact: K&K Insurance Group Inc., (800) 328-2317 or www.kandkinsurance.com.
Builders’ Risk
Nuts & Bolts: Praetorian Financial Group entered into a partnership with Britt/Paulk to launch a builders’ risk program. Builder’s risk covers properties while under construction. The program will launch in Florida and the Gulf states and will focus on quality builders and superior construction.
Dollars: Limits up to $30 million.
States: All except Hawaii.
Carrier: Rated “A” by Standard and Poors; “A-” by A.M. Best.
Contact: Michael Pilla, (770) 214-7607 or mike.pilla@brittpaulk.com.
Celebrity, Mascot, Character Appear-ances, Photo Booths
Nuts & Bolts: General liability, including contractual liability, personal injury and advertising injury liability for celebrity, mascot or character vendors operating concessions and exhibits is available from K&K Insurance Group Inc. This program is specifically tailored for concessionaires, exhibitors and vendors operating at various types of sites, including special events, arts and craft shows, fairs, festivals and trade shows. Premiums vary according to the overall square footage and the number of tables or booths. K&K offers a fee-based program, however, commissions are negotiable for books of business. This program is a self-rating/brochure-style product where applicants can submit payment with enrollment form for faster processing.
Dollars: $300,000 damage coverage to rented premises; $5,000 medical payments
Carrier: Rated “A+,” A.M. Best. Admitted.
States: All.
Contact: K&K Insurance Group Inc, (800) 328-2317 or KKgeneral@kandkinsurance. com.
Crane-Construction Contractors
Nuts & Bolts: Arrowhead General Insurance Agency Inc. has a new crane-construction contractors program. Endorsements include riggers liability in addition to other coverage enhancements as part of the policy limits.
Dollars: $1 million/$2 million; $2 million for GL. Business auto policy – $1 million combined single limits. Minimum GL deductible is $5,000, with a minimum premium for GL at $25,000.
Carrier: Rated “A-” by A.M. Best. Admitted and non-admitted.
States: Coverage by appointment only in Ala., Alaska, Ariz., Ark., Calif., Colo., Conn.*, D.C., Del.*, Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., La., Md., Mass., Maine*, Miss., Mich.*, Minn.*, Mo., Mont., Neb., N.J.*, N.Y.*, N.H.*, Nev., N.M., N.C., N.D., Ohio, Okla., Ore., Pa., R.I.*, S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., W. Va., Wis., and Wyo. (*Approval pending for general liability only.)
Contact: Barbara Hartz, (619) 881-8508 or AGIAconstruction@arrowheadgrp.com.
Miscellaneous Medical Malpractice
Nuts & Bolts: NAS Insurance Services has a new miscellaneous medical malpractice insurance program. Defense outside the limits is available, as is supplementary sexual abuse/molestation insurance.
Dollars: $1 million/$3 million aggregate.
Carrier: Rated “A” superior by A.M. Best.
States: All except Alaska and Hawaii.
Contact: Dave Leventhal, (818) 808-4464 or dleventhal@nasinsurance.com.
Travel Professionals E&O
Nuts & Bolts: Liberty International Underwriters, a division of Liberty Mutual Group, and Travel Professionals Insurance Network are offering a travel professionals errors and omissions insurance product available in 32 states and the District of Columbia.
Dollars: Up to $5 million limit.
Carrier: Liberty International Underwriters. Rated “A” XV by A.M. Best.
States: Ala., Ariz., Ark., Colo., Conn., Del., D.C., Hawaii, Idaho, Ill., Ind., Iowa, Ken., Maine, Md., Mich., Minn., Mo., Mont., Nev. N.H., N.J., N.D., Okla., Ohio, Ore., Penn. S.D., Tenn., Texas, Utah, W.V., Wis., and Wyo.
Contact: Alice Ergovich, (913) 564-0866 or www.travelproins.com.
Professional Liability
Nuts & Bolts: London American Profes-sional Liability program is designed for a diverse set of professions, including consultants, insurance services, media and real estate classes. Coverage is offered on both a primary and excess basis for risks with up to $250 million in revenue. Policy highlights include: primary and excess coverage available; claims made and reported policy; company has right and duty to defend; coverage is extended to employees while acting within the scope of their employment duties; personal injury coverage; prior acts coverage provided for insureds who have carried continuous coverage, predecessor and successor firm coverage; automatic 60-day extended reporting period; and worldwide coverage for suits brought in the U.S.
Dollars: Limits to $5 million for each claim; $5 million annual aggregate limit. Deduct-ible, $5,000; minimum premium, $5,000.
Carrier: Rated “A” by A.M. Best. Non-admitted.
States: Ala., Ark., Ariz., Calif. Colo., Fla., Ga., Hawaii, Idaho, Ill., Ind., Kan., Ken., La., Md., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.J., N.M., N.Y., N.C., N.D., Ohio, Ore., Penn., S.C., S.D., Tenn., Texas, Utah, Va., Wash., D.C., W.V. , Wis., and Wyo.
Contact: Ed Velasquez, (201) 944-7000 or evelasquez@londonamericantx.com.
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