The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com.
Personal Lines Insurance Agents E&O
Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is offering an errors and omissions product that targets retail insurance agencies primarily producing personal lines property/ casualty and individual life and health lines of coverage with up to $10,000,000 in premium volume. Product features include: defense costs outside the limits; coverage for personal injury; duty to defend; automatic coverage for independent contractors. Coverage for both property/casualty and life insurance sales and for mutual fund and variable annuity sales available. Full prior acts coverage and financial planning coverage is also available.
Dollars: $100,000 to $3 million.
Carrier: United States Liability Insurance Group (USLI) rated “A++” by A.M. Best. Admitted.
States: All except Alabama, Alaska and California.
Contact: Matt Gervin at 480-281-3850 or mattg@travped.com.
Life Accident and Health Agents E&O
Nuts & Bolts: Rockwood Programs has expanded its Life/A&H insurance agent’s errors and omissions coverage to include incidental property/casualty activity, and E&O for the placement of financial products (for instruments requiring a Series 6 license to place). The policy is fully portable and helps agents maintain their retroactive dates despite changing carrier affiliations. Up to $25,000 in Identity Theft protection is added for each account written at no cost to the insured. The Rockwood team can also offer unique coverage and rating accommodations for sponsored/group programs.
Dollars: $250,000 up to $2 million.
Carrier: Lloyds of London rated “A” by A.M. Best. Non-admitted.
States: All.
Contact: Darryl McCallin at 877-242-2487 or e-mail darryl.mccallin@rockwoodinsurance.com.
Plumbers Pollution with Incidental Mold
Nuts & Bolts: National E&S Insurance Brokers, Inc. is offering a Plumbing Contractor Pollution Liability (CPL) program on an occurrence basis and Incidental Mold Coverage on claims made basis. Premiums begin at $2,500 with a mold exclusion and $7,500 with incidental mold coverage. Plumbers routinely work in environments where mold, asbestos, lead, and sewage are present. Even plumbers who do nothing wrong can still be forced to defend a lawsuit with their own money as their current general liability policies exclude pollution. Policy also protects E&O for uncovered pollution claims on the general liability.
Dollars: $1 million to $11 million.
Carrier: Rated “A” by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Cesar Baragan at 661-266-4444 or e-mail cesar@nationaleands.com..
Mortgage Fraud
Nuts & Bolts: PBIS Insurance Services Inc., is offering coverage for mortgage fraud: rep and warranty insurance — pays for losses due to material misrepresentation on residential loans (FNMA, Freddie Mac, and non-conventional secondary market). Some of the details include: per loan coverage; sold to banks and mortgage lenders; covers losses due to mortgage fraud; extensive lender benefits, including training, data, exclusionary lists, and operations reviews. Product is underwritten by Lloyd’s of London.
Dollars: Starting at $50,000.
Carrier: Lloyds of London rated “A” by A.M. Best. Non-admitted.
States: All.
Contact: Justin Vedder at 415-472-7500 or e-mail jvedder@priestongroup.com.
Durable Medical Equipment
Nuts & Bolts: Cailor Fleming Insurance is offering a package policy designed for stores that rent and sell equipment for the home health industry. Program includes: property, general and professional liability, marine and umbrella. Broad market appeal. This is an expanding and growing program with competitive coverage, and premiums.
Dollars: $500,000 to $1 million.
Carrier: Rated “A-” by A.M. Best. Non-admitted.
States: All except Alaska and Hawaii.
Contact: Jeffrey Michalenok at 330-782-8068 or e-mail jmichalenok@cailorfleming.com.
Taxis or Paratransits
Nuts & Bolts: American Business Insurance Services, Inc. is offering general liability, including products completed operations, for taxicab and paratransit companies. Fax or email application for a quick quote.
Dollars: $1 million to $3 million.
Carrier: Rated “A” by A.M. Best. Admitted and non-admitted.
States: Ark., Ariz., Calif., Colo., Conn., Del., Fla., Ga., Ill., Ind., Iowa, Kan., Maine, Md., Mich., Minn., Mo., Nev., N.H., N.J., N.Y., N.C., Ohio, Ore., R.I., Tenn., Texas, Va., Wash., D.C., Wis.
Contact: David Haley at 800-980-1950 or e-mail dave@abiw.com.
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