New Markets

September 22, 2008

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.

Insurance Intermediary E&O
Market Detail: Quadrant Insurance Managers makes available a professional liability program designed to provide errors and omissions coverage for insurance wholesalers, surplus lines agents, managing general agents, third party administrators, program administrators, captive managers and reinsurance intermediaries. Program features and benefits include a quality assurance program; a broad policy form; a punitive damages sublimit; and insolvency coverage included for carriers rated “A-” or better by A.M. Best. Minimum premium for the program begins at $20,000 and deductibles begin at $25,000.
Available limits: $1 million to $10 million.
Carriers: Arch. “A-” Rated by A.M. Best. Non-admitted.
States: All.
Contact: Chad Sutley at 614-841-1425 or e-mail csutley@quadrant-us.com.

Social Services Program
Market Detail: Partners Specialty Group LLC can secure admitted occurrence or claims-made professional liability and general liability coverage for all types of social services risks including substance abuse programs, inpatient and detox facilities, halfway houses, outpatient mental health, foster care agencies, home care agencies, rehab agencies, respite care, meals on wheels, domestic abuse services, community action agencies and many more. Property, inland marine, crime and hired/non-owned auto coverage is also available in this program. If the risk is substandard, partners can secure coverage on a non-admitted basis. Minimum premiums begin at $1,500. Deductibles can range from none up to $250,000.
Available limits: $250,000 to $5 million.
Carriers: Unable to disclose. “A” Rated by A.M. Best. Admitted and Non-admitted.
States: Alaska, Ariz., Calif., Colo., Del., D.C., Fla., Ga., Idaho, Ind., Iowa, Ky., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.H., N.C., N.D., Ohio, Okla., Ore., Pa., R.I., S.C., S.D., Tenn., Texas, Utah, Wash., Wis. and Wyo.
Contact: Michael Cardenas at 310-586-4742 or e-mail mcardenas@psgins.com.

Full-Time/Temp Placement E&O
Market Detail: Travis-Pedersen and Associates of Arizona has access to multiple markets that can write professional liability for full-time and temporary placement agencies. Classes of business range from clerical employees all the way to locum tenens.
Available limits: $100,000 to $5 million.
Carriers: Multiple carriers. “A” Rated by A.M. Best. Admitted and Non-admitted.
States: Ala., Alaska, Ariz., Ark., Calif., Colo., Conn., D.C., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., La., Maine, Md., Mass., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., Pa., S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., W. Va., Wis. and Wyo.
Contact: Matt Gervin at 480-281-3850 or e-mail mattg@travped.com.

Wind, Hail, Flood Express Quotes
Market Detail: The Maplewood Group offers “last minute binding” of wind, hail and/or flood coverage for clients with a coastal exposure. Twenty-four hour turnaround on complete submissions with one-hour indications. Habitational (i.e., condominium associations), apartment complexes and all types of commercial property reviewed. Minimum premiums begin at $10,000 and deductibles begin at $10,000 but vary based on the account particulars.
Available limits: Starting at $1 million.
Carriers: Unable to disclose. “A” Rated by A.M. Best. Admitted and Non-admitted.
States: Ala., Calif., Conn., Del., D.C., Fla., Ga., La., Maine, Md., Mass., Miss., N.H., N.J., N.Y., N.C., Ore., Pa., R.I., S.C., Texas, and Va.
Contact: Stephen Pierce at 740-321-1137 or e-mail spierce@themaplewoodgroup.com.

Critical Auto and Truck Parts
Market Detail: MarketScout offers an “A++” rated excess and surplus market to provide general liability and products liability coverage to manufacturers and suppliers of critical auto and truck parts. Coverage is designed to insure manufacturers of wheels, brakes, steering and related parts. MarketScout is also interested in reviewing parts manufacturers and suppliers for racing vehicles including stock cars, trucks and motorcycles. Clients from NASCAR, NHRA, AMA and other racing organizations are encouraged to submit applications. Minimum premiums begin at $10,000 and available deductibles begin at $2,500.
Available limits: $1 million to $5 million.
Carriers: Unable to disclose. “A++” by A.M. Best. Non-admitted.
States: All.
Contact: John Gaskill at 972-934-4212 or e-mail jgaskill@marketscout.com.

High Value Homes & Auto
Market Detail: Tryton Insurance Group offers coverage for high value homes and autos on one policy. Coverage can include personal articles floaters, an umbrella, earthquake and family protection also. Up to $10 million coverage available for personal auto liability. Primary, secondary and tenant occupied dwellings are acceptable. Need ACORD application faxed or e-mailed.
Available limits: Starting at $500,000.
Carriers: Chubb. “A++” Rated by A.M. Best. Admitted.
States: All except Hawaii and N.J.
Contact: Kim Baxter at 713-351-8461 or e-mail kbaxter@trytoninsurance.com.

Specialty Workers’ Compensation
Market Detail: Indemnity Excess & Surplus Agency Inc. introduces a workers’ compensation product designed for specialty and hard-to-place exposures. IES can write multi-state risks on one policy. They have a high success rates on risks having experience modification factors of 1.36 to 1.79. IES specializes in construction and trucking exposures. Every account has access to an online risk management and loss prevention system. In-house quoting and binding authority allows IES to provide our PDQ service, providing agents with turnaround in minutes. Direct billing is available making the policy convenient for clients. Minimum premium begins at $3,000 (except truckers is $10,000).
Available limits: Statutory.
Carriers: Varies by state. “A+” Rated by A.M. Best. Admitted.
States: Ariz., Calif., Colo., Fla., Ga., Hawaii, Idaho, Ore. and Texas.
Contact: Jamie Kay at 800-487-2442 or e-mail jkay@ies-xs.com.

Home Health Care
Market Detail: USX/S offers competitive programs for home health care/temp staffing industry. Placement can be in nursing homes, hospitals, clinics and doctor’s offices. Services covered can include pediatric care, cardiac care and infusion therapy. Coverage can be provided on an occurrence or claims made basis. Professional liability and general liability can be written mono-line. Package coverage can include property, auto, workers’ compensation (with stop gap protection), and employment practices liability. Sexual abuse coverage is available and defense coverage is outside the limits. Minimum premiums begin at $1,500.
Available limits: $100,000 to $50 million.
Carriers: Unable to disclose. “A” Rated by A.M. Best. Admitted and Non-admitted.
States: All.
Contact: John Esterle at 440-888-7300 or e-mail JohnE@USXS.net.

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Topics Texas AM Best Hawaii

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