New Markets

January 11, 2009

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.

Top 10 Most Unusual Searches on MyNewMarkets.com in 2008

  1. Exotic Snake and Reptile Breeding Operation
  2. Circus Arts Instructor Liability
  3. Tailgate Party Bus Operation
  4. Sand Rail (Dune Buggy) Operation
  5. Dating Service Operation
  6. Snow Machine Rentals
  7. Tourist Trolley Operator
  8. Air Traffic Control School
  9. Halfway House Operation
  10. Timberland Coverage

Vacant Property
Market Detail: Insurance Specialty Construction Group offers a vacant property program designed to cover general contractor’s inventory on-hand when written in conjunction with their new starts. Features of this program include the option of both blanket and new starts coverage forms; with wind coverage available in most areas. Additional coverages available include coverage for model homes and their contents, soft costs, flood and earth movement. Minimum premiums begin at $1,000 and deductibles start at $1,000.
Available limits: $750,000 to $5 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Admitted.
States: Ala., Ariz., Calif., Fla., Ga., Ill., Ind., Kan., Md., Mich., Minn., Miss., Mo., N.J., N.M., N.C., Ohio, Ore., Pa., S.C., Tenn., Texas, Utah, Va. and Wash.
Contact: Heidi Henn at 678-742-6300 or e-mail hhenn@isgins.com.

Not-For-Profit Senior Living
Market Detail: Bunker Hill Insurance Agency offers the underwriting expertise and high-level service to agents searching for a market for their retirement apartments, not-for-profit skilled nursing homes and assisted living facilities. Bunker Hill can provide programs with claims-made or occurrence liability coverage, prior acts (nose) coverage, property, automobile liability, and umbrella liability. Bunker Hill offers in-house claims expertise. Minimum premiums begin at $30,000.
Available limits: As needed.
Carriers: American International Group. “A” rated by A.M. Best. Admitted.
States: All.
Contact: Melanie Hinton at 800-645-7707 or e-mail mhinton@bunkerhillinsurance.com.

Medical Facilities
Market Detail: Partners Specialty Group gives agents access to an established health care carrier offering commercial general liability (on the ISO form), professional liability and employment practices liability with sexual abuse coverage for various types of medical facilities around the country. Primary limits of $1 million/$3 million with a sub-limit for sexual misconduct is available. Capacity also allows for excess/umbrella coverage up to $15 million. Defense expense is outside the limits. Supplementary payments include disciplinary proceedings coverage and reimbursement for lost earnings. Risk management services are part of this program. Minimum premiums and deductibles begin at $5,000.
Available limits: $1 million to $15 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Admitted and non-admitted.
States: All except N.M. and Pa.
Contact: Michael Cardenas, RPLU at 310-586-4742 or e-mail mcardenas@psgins.com.

Surety and Fidelity Bonds
Market Detail: Gilbert Trujillo Insurance Services offers a broad range of fidelity and surety bond markets. Difficult risks and renewals can be handled with a minimal amount of additional information. They also handle preferred bonds. GTIS has a market for nearly any kind of bond; and they promise to deal only with the agent, not the client.
Available limits: As needed.
Carriers: Unable to disclose. Rating not provided. Admitted and non-admitted.
States: All.
Contact: Gilbert Trujillo at 623-695-3334 or e-mail gtrujillo9@cox.net.

Campgrounds & Dude Ranches
Market Detail: Hull & Co. Inc. has availability of a new program to insure those risks that cater to outdoor lovers. Target classes include: campgrounds & RV parks, dude & guest ranches; fishing & hunting lodges; resorts & lodges; outfitters & guides; hunting preserves; trap, skeet & sporting clay; rod & gun clubs; shooting ranges; snowmobile tours; ATV tours; whitewater rafting tours; consulting foresters; and many more. Excess limits and accident policies are available.
Available limits: Not provided.
Carriers: Unable to disclose. Rating not provided. Admitted and non-admitted.
States: All.
Contact: Jodie Faulkner at 303-218-3084 or e-mail jfaulkner@hullco.com.

Contractors General Liability
Market Detail: London American Risk Specialists brings agents a commercial general liability market for residential and commercial general contractors. Work done on the GC’s behalf by sub-contractors is covered in this program. Program allows the option for use of uninsured and underinsured sub-contractors. Roofing contractors, artisan contractors and general contractors are the program target classes. New ventures are eligible. Occurrence, sunset or claims made forms are available for use. Minimum premiums begin at $750 for artisan contractors and go up to $4,000 for roofing contractors. Deductibles begin at $1,000.
Available limits: $1 million to $2 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Non-admitted.
States: All except N.H. and N.Y.
Contact: Chris Chiodetti at 713-977-7726 or e-mail cchiodetti@londonamericantx.com.

Topics AM Best

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