My New Markets

Skating Rinks, Roller and Ice Venues
Nuts & Bolts: American Insurance Alliance is offering Roller and Ice Skating venues that are traditionally difficult to insure general liability coverage. American Insurance Alliance’s only business is skating venues with 18 continuous years specializing in the class.

Dollars: $300,000 to $2 million.
Carrier: Tudor Insurance Co., Essex Insurance Co rated “A+” by A.M. Best. Non-admitted.
States: Ala., Ariz., Ark., Calif., Colo., Conn., Del., Fla., Ga., Idaho, Ill., Ind., Iowa, Kan., Ken., La., Md., Mass., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.H., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., Penn., R.I., S.C., SD, Tenn., Texas, Utah, Vt., Va, Wash., and W.V.
Contact: Gerald Officer at 636-464-9200 or e-mail: jofficer@earthlink.net.

Car Washes
Nuts & Bolts: Shoemaker & Besser Associates Inc. is offering a BOP market for both automated and self serve car washes. All lines of coverage are available. No 24-hour operations or gas sales are allowed.

Dollars: $2 million per occurrence/$4 million aggregate.
Carrier: CNA Insurance Co. rated “A” by A.M. Best. Admitted.
States: Available in Delaware, Maryland, New Jersey, New York, Pennsylvania, and West Virginia.
Contact: Brenda Swaltek, at 800-632-9002, ext. 8109 or e-mail bswaltek@shoemaker-besser.com.

High Value Vacant Dwelling Program
Nuts & Bolts: Abram Interstate Insurance Services, Inc. in Rocklin, Calif., is offering a new program for hard to place vacant dwellings, including higher value, old and new, coastal and inland in California. Coverage is written on a DP-3 or DP-1 form including extended coverage and vandalism available for most dwellings. Coverage options include on-premises theft, personal liability, and medical payments. Coverage for personal effects up to 30 percent, adjacent structures — up to 30 percent, and CPL to $500,000. Flexible deductibles and 3, 6 and 12 month terms available.

Dollars: Minimum coverage limit is $100,000.
Carrier: Rated “A++” XV by A.M. Best. Non-admitted.
States: California.
Contact: Meagan Fisher at 916-780-7000 or e-mail meaganf@abraminterstate.com.

Logging and Lumbering
Nuts & Bolts: O’Donovan & Associates’ Timber Harvester Program is designed to provide customized coverage for the contractor who harvests and hauls timber and related products. Mechanized and manual cutting operations are both included. Related timber dealers with storage facilities may also be included. Package policies including automobile, general liability and property are available.

Dollars: Up to $1 million.
Carrier: Rated “A” by A.M. Best. Admitted.
States: Ariz., Calif., Fla., Ga., Ky., La., Md.,, Mich., Minn., N.C., Ore., Penn., S.C., Tenn., Texas, Wash., Wis.
Contact: Jeremiah P. O’Donovan, at 800-410-6333 ext. 228 or e-mail jeremiahp@odonovanassoc.net.

Tax Credit, Historic Commercial Real Estate
Nuts & Bolts: Lexington Insurance Company, a member company of American International Group Inc., has announced Historic Rehabilitation Tax Credit (HRTC) Insurance, a new coverage designed to help protect owners and developers of commercial properties qualifying for federal rehabilitation tax credit against a financial loss if during rehabilitation or after occupancy, the property suffers significant damage from an insured event and such damage results in a reduction in, or recapture of, the tax credit. Entities that rehabilitate and use historic structures or buildings constructed prior to 1936 for commercial purposes may qualify for significant federal tax credits under Internal Revenue Code Section 47. Large corporations and other businesses with substantial tax liabilities invest in these properties, typically in a limited partnership arrangement with the property developer, in order to achieve these tax credits. Financial exposure through the loss or reduction of the tax credit arises if the property is damaged significantly and as a result, its historical significance diminished. This exposure is typically assumed by the developer as part of the limited partnership agreement at the onset of the venture. HRTC insurance is designed to help protect owners, developers and tax credit investors against the loss of the rehabilitation tax credit during the full duration of the exposure, through rehabilitation and the first 5-years of occupancy.

Dollars: Up to $40 million.
Carrier: Lexington Insurance Group rated “A++” by A.M. Best. Non-admitted.
States: All.
Contact: Ed Mazman at 617-443-4660 or e-mail Edward.mazman@aig.com.

School Violent Acts Policy
Nuts & Bolts: Genesis Under-writing Management Co. has developed a first party insurance policy to fund many of the elements of a school’s emergency response plan. Typical covered expenses include post crises management services; post incident crises intervention and containment; media, public relations and communications costs; security and civil authority expenses; air travel and hotel costs for the parents, spouse or child of a victim to the location where the school violent act occurred; as well as a limited amount for property or equipment that relates directly to the security of the school and which may assist in the mitigation or prevention of future acts. Minimum deductible is $2,500.

Dollars: Up to $250,000.
Carrier: Genesis Indemnity Co. rated “A++” by A.M. Best. Non-admitted.
States: All, except N. H. and N. D.
Contacts: East of Mississippi, Matt Meyer at 859-245-2500 or e-mail matt_meyer@rpsnis.com or west of the Mississippi, Nancy Gelis at 800-275-6472 or e-mail nancy_gelis@rpsnis.com.

Artisan Contractors
Nuts & Bolts: Builders & Tradesmen’s Insurance Services Inc. has announced that the Victory Artisan Contractor Program is available on an admitted basis in California, Arizona, Nevada and Oregon. The program offers 46 different classes including structural remodelers. Program is rated on a payroll basis. The Victory program also offers inland marine coverage and if purchased with the general liability the inland marine will receive a 10 percent discount. The Victory program can be price indicated on our Web site at www.btisinc.com. The program allows new residential work (custom home environment) as well as commercial work. The program also allows service and repair work in both residential and commercial work environments.

Dollars: Up to $1 million/$2 million/$2 million.
Carrier: Rated “A” X by A. M. Best. Admitted.
States: California, Arizona, Nevada and Oregon.
Contact: Paul Hohlbein at 916-772-9200, ext. 113 or e-mail phohlbein@btisinc.com.