My New Markets

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.

Kidnap and Ransom Coverage
Nuts & Bolts: Travis-Pedersen & Associates of Arizona, LLC is offering a kidnap/ransom, extortion and detention insurance policy that addresses the full range of exposures facing commercial enterprises and individuals based in the U.S. and overseas. The broad policy form offers a comprehensive package of protection designed to help victims cope with what can be devastating emotional and financial consequences should an event occur.
Dollars: $1 million to $10 million.
Carrier: Rated “A” by A.M. Best. Admitted.
States: All.
Contact: Matt Gervin at 480-281-3850, e-mail mattg@travped.com.

Plumbers CPL 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 if the plumber does nothing wrong, the plumber can still be forced to defend a lawsuit with their own money as their current general liability policies exclude pollution. Protect your 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. The policy pays for losses due to material misrepresentation on residential loans (FNMA, Freddie Mac, and non-conventional secondarymarket). 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.
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.

Testing Laboratories PL
Nuts & Bolts: Travis-Pederson & Associates of Arizona LLC is now offering coverage for testing labs including analysis, sampling, inspection and consulting services for many industries. Research protocol, analytical procedures and technological feasibility evaluations are developed by testing labs. Precise analysis performed under the proper laboratory conditions yields accurate and timely analytical results. In response to the rapidly advancing needs of the engineering and regulatory community, certain testing labs have developed specialized services for environmental projects. These may include providing on-site mobile laboratories as well as ground water analysis, waste and wastewater analysis, air quality analysis, hazardous waste site work, hazardous waste testing and developing waste disposal profiles.
Dollars: $500,000 to $5 million.
Carrier: Rated “A+” by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Matt Gervin at 480-281-3850 or e-mail mattg@travped.com.

Abuse/Molestation Coverage
Nuts & Bolts: Travis-Pederson & Associates of Arizona LLC is offering a product that is available to organizations with clients under their care, custody or control, including, but not limited, to the following: mental health services, nursing homes, tutoring services, churches, schools, community theater/arts programs, camps, school bus companies. Coverage also includes: free selection of defense counsel; first party coverage; prior acts coverage available for legal expense coverage only; waiver of co-insurance upon selection of panel counsel; and, coverage for directors, trustees, officers or other employees or volunteers (when the entity is also named as a party defendant).
Dollars: $100,000 to $ 1 million.
Carrier: Lloyds of London rated “A” by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Matt Gervin at 480-281-3850 or e-mail mattg@travped.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.

GL for Taxi or Paratransit Clients
Nuts & Bolts: American Business Insurance Services Inc. is offering general liability, including products completed operations for taxicab and paratransit companies. Fax or e-mail your client’s 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.

Trucking
Nuts & Bolts: IPA Risk Management is now offering a unique market for trucking risks.
Dollars: $750,000 to $1 million.
Carrier: Unable to be rated by A. M. Best at this time. Admitted.
States: Ala., Calif., Del., Fla., Ill., La., Mass., Miss., N.J., Penn., Tenn., Texas.
Contact: Greg Heitmann at 201-797-1215 ore-mail g.heitmann@ipariskmanagement.com.

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