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.

Baby Products
MarketScout: www.marketscout.com gives agents access to a products liability market for baby products. Other coverages available include general liability and umbrella protection. Prospects for this coverage include makers and sellers of children’s furniture, strollers, toys, accessories, playground equipment, etc. Minimum premiums begin at $7,500 and deductibles start at $5,000.
Available limits: $1 million to $5 million.
Carriers: Unable to disclose. “A++” rated by A.M. Best. Non-admitted.
States: All.
Contact: John Gaskill at 972-934-4212 or e-mail jgaskill@marketscout.com.

Yachts & Boats Program
Market Detail: Advanced E&S Insurance Underwriters offers a program for all types of private and pleasure vessels including sailing vessels, catamarans, cruisers, sports cruisers, speed boats and performance boats (up to 80 miles per hour). Advanced can consider wood vessels and vessels more than 25 years of age, provided there is a current survey at the time of quoting. Most types of commercial craft used for recreational purposes are also eligible including fishing charters, sightseeing vessels, excursion vessels, recreational dive boats, swimming and snorkeling boats, and bareboat and alike. Minimum premiums begin at $750.
Available limits: $25,000 to $1 million.
Carriers: Unable to disclose. “A+” rated by A.M. Best. Non-admitted.
States: All.
Contact: Ronald Keller at 312-957-4041 or e-mail rkeller@aesins.com.

Vacant, Forced Placed and REO Properties
Market Detail: Innovative Risk Solutions Inc offers a program for schedules of vacant properties, forced placed portfolios and REO portfolios. Coverage can be written on a reporting form basis with no minimum earned premium. Polices can be direct billed and policy administration is handled online. Minimum premiums begin at $1,000.
Available limits: As needed, reporting form.
Carriers: Lloyd’s, Arch and American Modern Home. “A” rated or better by A.M. Best. Admitted and non-admitted.
States: All.
Contact: John Watt at 954-931-4795 or e-mail jwatt@irs-incorporated.com.

EPLI For Restaurants
Market Detail: Executive Perils has access to new markets that can protect restaurant against many employment practices exposures, including wage and hour, third party coverage, defense costs outside the limit, illegal alien investigation coverage, and many others. Restaurants are more vulnerable to employment practices claims than most businesses due to the volume of people that are on the premises every day. Minimum premiums begin at $2,500 and deductibles start at $1,000.
Available limits: $500,000 to $25 million.
Carriers: Not disclosed. “A+” rated by A.M. Best. Admitted.
States: All.
Contact: Peter Taffae at 310-444-9333 or e-mail petert@eperils.com.

Lawyers Professional Liability
Market Detail: Travis-Pedersen & Associates of Arizona LLC has access to a fast 12-question submission process for qualified lawyers’ professional liability risks. This process takes only a few minutes to complete and generates a pre-filled application to send to the law firm for signature. Binding will be granted upon completion. Coverage deductibles begin at $5,000.
Available limits: $250,000 to $5 million.
Carriers: Unable to disclose. “A+” rated by A.M. Best. 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.

Personal Umbrella — Hard-To-Place
Market Detail: International Excess Agency Inc. offers several specialized personal umbrella policies for hard-to-place risks. High risk drivers, farm and ranch owners and celebrity programs are available. High risk drivers are with up to 10 violations (maximum of two DUI’s) or five accidents eligible for up to $5 million with no retention on a true umbrella. Farm and ranch owners generating annual revenues of up to $1 million qualify for up to $10 million of protection (including personal injury) with no limitation on acreage, grazing of livestock or number of locations. Limited family partnerships as additional insured are also eligible. High-profile celebrities such as athletes, coaches, Fortune 500 executives, nationally recognized musicians, actors, entertainers, authors and other recognizable names are eligible for up to $10 million of protection with no limit on the number of vehicles or one to four family dwellings; fenced swimming pool and boating exposures are also considered. Attachment points vary and none of these programs require a self-insured retention. Minimum premiums begin at $200.
Available limits: $1 million to $10 million.
Carriers: US Liability Insurance Co. “A++” Rated by A.M. Best. Admitted and Non-admitted.
States: All except Alaska and Louisiana.
Contact: Kenneth Kukral at 216-797-9700 ext. 2082 or e-mail kkukral@intlxs.com.

Topics AM Best