New Markets

October 20, 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.

Medi-Tourism Professional Liability
Market Detail: Arrowhead Wholesale Insurance Services LLC brings to market a professional liability policy specifically designed for medical tourism professionals. Medical tourism professionals arrange for people to obtain medical services outside of the United States. Minimum premiums begin at $2,225.
Available limits: $1 million to $5 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Non-admitted.
States: Ariz., Calif., Ore., Texas and Wash.
Contact: Joshua Parrish at 619-876-4111 or e-mail jparrish@awisgroup.com.

Sports & Fitness – All Types
Market Detail: Sports & Fitness Insurance Corp. is a national underwriting facility specializing in sports & fitness facilities. Sports & Fitness offers most lines of coverage for health clubs, fitness centers, martial arts schools, personal trainers, sports training facilities, racquet clubs, tennis centers, golf clubs, dance schools, yoga studios, pilates studios, commercial swim schools, amateur sports and more. Coverage is available on an admitted and non-admitted basis. Minimum premiums begin at $500.
Available limits: $500,000 to $10 million.
Carriers: Safeco, Liberty Mutual, Philadelphia, Hartford, ACE, AIG, and more. At least “A” rated by A.M. Best. Admitted and non-admitted.
States: All except Hawaii.
Contact: Joan Watson at 601-898-8464 ext. 2222 or e-mail jwatson@sportsfitness.com.

Equipment Protection
Market Detail: Britt/Paulk Insurance Agency Inc. makes available a market specifically designed to provide coverage for all types of equipment for all types of industries. Equipment used in agricultural, construction, wood yards, sawmills and forestry operations can be covered. Coverage can also be written on an open-peril basis to include theft. Equipment is valued on an ACV basis at 80 percent coinsurance. Coverage features include debris removal, rental reimbursement, coverage for rented/leased equipment, miscellaneous tools coverage, business income and extra expense coverage. Rigging and on-hook liability is also available. As an option, coverage can be provided on a replacement cost basis. Coverage can be quoted and issued online. Minimum premiums begin at $400 and deductibles vary but begin at $500.
Available limits: As needed.
Carriers: AAIC. “A+” rated by A.M. Best. Admitted.
States: All except Hawaii.
Contact: AJ Brown at 800-842-8917 or e-mail ajbrown@brittpaulk.com.

Directors & Officers for Non-Profits
Market Detail: Chopra Insurance Brokerage Inc. offers non-profit directors and officers coverage to agricultural cooperatives, chambers of commerce, charities, community groups, foundations, golf and country clubs, social service providers and trade and professional associations. Minimum premiums begin at $800 and deductibles begin at $1,000.
Available limits: $500,000 to $5 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Admitted.
States: Ala., Alaska, Ariz., Ark., Calif., Colo., Conn., Del., D.C., Fla., Ga., Hawaii, Idaho, Ill., Ind., Iowa, Kan., Ky., La., Maine, Md., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.H., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., Pa., R.I., S.C., S.D., Tenn., Texas, Utah, Va., Wash., W. Va., Wis. and Wyo.
Contact: John Upchurch at 818-551-4588 or e-mail Jupchurch@choprainsurance.com.

Condo and Homeowner Association Environmental Impairment
Market Detail: JGS Insurance offers environmental impairment liability coverage for condominium and homeowners’ associations. Some common environmental exposures faced by condominium and homeowner associations include: contaminants from historical usage or neighboring properties, unknown operations previously performed on site, hazardous chemical storage (i.e. swimming pool chemicals and pesticides/herbicides), prior use as a landfill, lagoon or other solid waste disposal areas; past/present use of septic systems for disposal of wastes; and the leaking underground/above ground tanks or piping. Minimum premiums begin at $250 and deductibles begin at $5,000.
Available limits: $250,000 to $1 million.
Carriers: Greenwich Insurance Co. “A” rated by A.M. Best. Admitted.
States: All except Ill.
Contact: Carmen Suarez at 888-548-2465 or e-mail csuarez@jgsinsurance.com.

Risky Property and Inland Marine
Market Detail: NIP Specialty Brokerage LLC offers a specialty property program designed for risks with: coastal commercial properties, vacant properties, renovation projects/builders’ risks, business income and extra expense, excess property coverage, equipment breakdown, and inland marine. Property can be packaged with the inland marine exposure. Monoline terrorism and markets offering biological/chemical coverage are available. Minimum premiums and deductibles begin at $1,000.
Available limits: Starting at $500,000.
Carriers: Various. “A” rated by A.M. Best. Admitted and non-admitted.
States: Ala., Ariz., Ark., Calif., Colo., Conn., Del., D.C., Fla., Ga., Idaho, Ill., Ind., Kan., Ky., La., Maine, Md., Mass., Mich., Minn., Miss., Mo., Mont., Neb., Nev., N.H., N.J., N.M., N.Y., N.C., N.D., Ohio, Okla., Ore., Pa., R.I., S.C., S.D., Tenn., Texas, Utah, Vt., Va., Wash., W. Va., Wis. and Wyo.
Contact: Regina Kustowski at 800-446-7647 ext. 611 or e-mail dmortilla@nipgroup.com.

Garage Clients
Market Detail: USX/S offers a competitive garage program encompassing many risk classes. Eligibility includes new or used car dealerships, repair shops, impound yards, accessory dealers, farm equipment sales or repair, motorcycle sales or repair, valet operations (including on-street exposures), auctions, emergency vehicle sales or repair, RV sales or repair and other classes.
Available limits: Not provided.
Carriers: Unable to disclose. “A-“rated by A.M. Best. Non-admitted.
States: All.
Contact: Sandy Hupcej at 440-888-7300 or e-mail SandyH@USXS.net.

Cyber/Network Liability
Market Detail: IBSL Inc. is seeking cyber/network liability submissions for any type of business that has an e-mail system, network or a Web site. Any agent that currently insures a professional risk handling sensitive third party information should consider this program for their clients. Minimum premiums and deductibles begin at $1,000.
Available limits: $250,000 to $20 million.
Carriers: Unable to disclose. “A+” rated by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Steven Page at 800-348-4275 or e-mail stevep@ibsl.com.

Excess Flood
Market Detail: International Excess Agency Inc. offers excess flood coverage for both residential and commercial risks for exposures that may far exceed the limits offered by NFIP. Coverage includes building, contents and loss of income. Minimum premiums begin at $500 for residential and $1,000 for commercial.
Available limits: $25,000 to $100 million.
Carriers: Lloyd’s of London. “A” rated by A.M. Best. Non-admitted.
States: All.
Contact: Lisa Gabel at 216-797-9700 ext. 1009 or e-mail Lgabel@intlxs.com.

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Topics Texas AM Best Hawaii

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