New Markets

Third Party Harassment and Discrimination
Nuts & Bolts: Monoline third party harassment and discrimination coverage is offered by Quadrant Insurance Managers. This product covers businesses for discrimination, harassment and wrongful eviction committed by an employee against a customer and/or member of the public. Small to mid-size businesses with high public/customer interaction such as hospitality, banking, restaurant, retail, higher education and health care are targeted industries.

Dollars: $1,000,000 aggregate. Minimum premium, $5,000.
States: Available in most states.
Carrier: Rated “A” by A.M. Best.
Contact: Doug Ruml, (614) 841-1425 or druml@quadrant-us.com.

Small Business
Nuts & Bolts: Zurich announced it is expanding the number of subclasses of businesses its small business division will underwrite. An additional 188 subclasses are now eligible under Zurich’s core retail, office and service segments for insurance programs that include auto, umbrella and, for many classes, workers’ compensation.

Dollars: Up to $15 million.
States: All except Hawaii.
Carrier: Rated by “A” stable, A.M. Best. Admitted.
Contact: Local state agent or call (800) 800-3907.

General Liability — Contractors, Roofers
Nuts & Bolts: DFR Insurance Services Inc. has a new market for general liability for general contractors, artisans and roofers. National Contractors Insurance Company Inc., a risk retention group specializes in general liability insurance for the licensed general and artisan contractor.

Dollars: $1 million to $2 million. Minimum premium, $1,500 and $3,000 in most states; general contractors and roofers higher.
States: Ariz., Calif., Colo., Fla., Ill., Nev., N. M., N. Y., Texas, Utah and Wash-ington, D.C.
Carrier: National Contractors Insurance Co.; not rated yet by A.M. Best. Non-admitted.
Contact: Pascal Burke, (949) 285-1249 or e-mail pascal@pmax.org.

ART Facilities
Nuts & Bolts: Darwin Professional Underwriters Inc. introduced a new management and professional liability coverage for alternative risk transfer (ART) facilities, including captives, risk retention groups, reciprocals, and exchanges, as well as privately held non-rated insurance companies (i.e., insurance companies without an A.M. Best Company financial strength rating). Darwin has partnered with Ohio-based Quadrant Insurance Managers, as its underwriting partner for this product. The product, ART management and professional liability insurance, is geared towards ART facilities that offer property and casualty, workers’ compensation, and life, accident, and health solutions with $250 million or less in annual gross written premium. Coverage is made up of directors and officers liability and employment practices liability.

Dollars: $1 million to $10 million on primary or excess basis. Minimum premium is $25,000.
States: All.
Carrier: Darwin Select Insurance Co., rated “A-“VIII by A.M. Best. Non-admitted.
Contact: Douglas Ruml, (877) 782-3726 or druml@quadrant-us.com.

Tech Firms
Nuts & Bolts: The Hartford Financial Services Group Inc. has announced it has expanded the policy limits available to customers from $1 million to $2 million on The Hartford’s FailSafe MEGA product, a professional liability coverage designed specifically for smaller technology firms and offered through the company’s Technology Practice Group. The Hartford’s Technology Practice Group helps agents and brokers serve all types of technology clients, from start-ups to established market leaders. When purchased with the The Hartford’s popular Spectrum business owners’ policy, FailSafe(R) MEGA creates an insurance solution that can help meet the growing needs of smaller tech firms.

Dollars: $1 to $2 million. Minimum premium is $800.
States: All except Hawaii.
Carrier: The Hartford, rated “A+” by A.M. Best.
Contact: Toby Levy, at (820) 547-3977 or e-mail tlevy@thehartford.com.

National Mining Program
Nuts & Bolts: Casualty & Surety Inc. (CSI), a specialty MGA, announced it has been granted underwriting authority for a new national mining program. It will be able to write coverage for general liability, auto, property and inland marine. CSI’s underwriting team has collectively been involved in the mining arena for over 50 years. Additionally, CSI can write through various other carriers all of the above coverages, plus employers liability, umbrella liability, and workers’ comp. The program is available in all 50 states and to all types of mining companies, including coal, aggregates and hard rock, mining for both surface and underground operations, as well as the various processing facilities.

Dollars: Limits $1 million to $2 million. For pro-perty, up to $10 million per location.
States: All.
Carrier: Rated “A” FSC XV by A.M. Best. Ad-mitted and non-admitted.
Contact: Jim Godfrey, (205) 995-0713 or e-mail at igodfrey@csiapex.com.

Umbrella Reinsurance
Nuts & Bolts: John B. Collins Associates Inc. is offering a new national umbrella facility that provides up to $5 million in commercial and personal umbrella limits exclusively for Collins clients. It serves as a master reinsurance program for umbrella business of qualifying firms, providing “following form” coverage and rate flexibility to allow Collins clients to more effectively serve their clients’ needs. Umbrella insurance policies cover losses above the limit of an underlying policy or policies, such as homeowners or auto insurance. Terms of coverage are sometimes broader than those of underlying policies. For many regional and independent insurers, however, the reinsurance needed to write such business has been disproportionately expensive and difficult to obtain. One reason is that umbrella policies provide high limits of coverage for comparatively low premiums. This is rarely an issue for major national insurance companies that can develop a more balanced portfolio of umbrella coverage derived from their large underlying volume of auto, home or commercial insurance business. The Collins facility assists such reinsurers by bringing numerous, similar regional insurers into one facility, providing a more balanced mix of business to reinsure.

Dollars: Up to $5 million per occurrence.
States: All.
Carrier: Axis, Hanover, Transatlantic, all rated “A” to “A+” XV A.M. Best. Admitted.
Contact: Andy Justice, (972) 385-6250 or andy.justice@collins.com.

Topics AM Best