New Markets

June 15, 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.

Contractors General Liability
Market Detail: London American Risk Specialists Inc. brings agents a commercial general liability (CGL) market for residential and commercial general contractors (GCs). 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.

Green Building Consultants E&O
Market Detail: ELM Insurance Brokers Inc. offers a new liability product designed for green building consultants accredited in programs such as LEED, Energy Star, Green Globe, EarthCraft, HERS and NAHBGreen. Coverage is also available to insureds who conduct green education seminars, green marketing consultants and green technical writers. Registered users of www.e-o.com or ELM Insurance can quote these products online. Minimum premiums begin at $1,300 with minimum deductibles starting at $2,500.
Available limits: $500,000 to $5 million.
Carriers: Unable to disclose. “A+” rated by A.M. Best. Admitted and non-admitted.
States: All.
Contact: Fred Fisher at 310-322-1301 or e-mail ffisher@e-o.com.

Security Guard & Alarm Liability
Market Detail: Izzo Insurance Services Inc. brings 25 years of specialization to agent’s security guard and alarm industry clients. Izzo offers these classes of operation primary general liability, following form umbrella coverage (including errors and omissions protection) and four workers’ compensation markets. Fidelity bonds and employment practices liability protection are also available. Minimum premiums begin at $2,500 and deductibles begin at $1,000.
Available limits: Starting at $1 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Admitted and non-admitted.
States: All except Alaska.
Contact: Scott Newell at 800-800-1704 or e-mail snewell@izzoinsurance.com.

Construction Managers & Consultants E&O
Market Detail: Travis-Pedersen and Associates of Arizona offers a comprehensive policy to cover construction managers and consultants. Coverage is available to cover the various services provided by construction managers and consultants including: 1) acting as the owner’s representative or agent; 2) constructability reviews; 3) value engineering; 4) schedule development; 5) establishing preliminary and working budgets; 6) consulting on design, utility and building costs; 7) reviewing contractor qualifications; 8) monitoring contractor and design team performance; and 9) construction claims management.
Available limits: $500,000 to $5 million.
Carriers: Various “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., Wyo.
Contact: Matt Gervin at 480-281-3850 or e-mail mattg@travped.com.

Land Surveyors Program
Market Detail: Agency Marketing Services offers a professional liability program for land surveyors and land surveying firms. Protection is available for independent surveyors, employed surveyors and surveying firms. Several carriers are part of this program. Carriers do not require a full application; the applicant only needs to answer nine questions. Minimum premiums start at $1,200 and deductibles begin at $1,000.
Available limits: $250,000 to $5 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Non-admitted.
States: Ala., Colo., Conn., Fla., Ga., Mich., Miss., Nev., N.J., N.C., Ohio, S.C., S.D., Texas, Vt., Va. and Wis.
Contact: Keith Alexander at 800-542-2805 or e-mail kalexander@agencymarketing.com.

Bio-Fuel Manufacturers Casualty
Market Detail: International Excess Agency Inc. offers agents access to liability protection designed specifically for manufacturers of bio-diesel. The program also allows agents to offer time element pollution liability coverage to both premises/operations and products/completed operations losses. coverage can be provided on either an occurrence or claims made coverage trigger. Defense is in addition to the coverage limits. Other unique features include: a zero deductible option; medical payments coverage; worldwide coverage for products suits; coverage for short-term business activities and $100,000 product withdrawal expense coverage. Minimum premiums begin at $15,000.
Available limits: Up to $2 million.
Carriers: General Star. “A++” rated by A.M. Best. Admitted and Non-admitted.
States: All.
Contact: Kenneth Kukral at 216-797-9700 or e-mail kkukral@intlxs.com.

Pharmaceutical & Medical Device Manufacturing
Market Detail: MarketScout provides access to coverage for companies in the life sciences industry including those involved in pharmaceutical, biotechnological and medical device manufacturing. We offer flexible options, which allow us to adapt to this fast-paced and rapidly changing field. Products available include: general liability with products coverage; automobile liability; workers’ compensation; property insurance and product recall. Targeted risks include: pharmaceutical companies with less than 50 percent in generic drug manufacturing; accounts that manufacture 25 or more products; domestic and foreign exposures; and manufacturers conducting their own clinical trials. Minimum premiums begin at $25,000 and deductibles start at $5,000.
Available limits: $1 million to $25 million.
Carriers: Unable to disclose. “A” rated by A.M. Best. Non-admitted.
States: All.
Contact: Norman Alberigo at 972-932-4275 or e-mail nalberigo@marketscout.com.

Motor Sports Facilities
Market Detail: Francis L. Dean & Associates Inc. brings agents a market for general liability and participant accident insurance for motor sports facilities, race teams, special events and more. Coverage is offered on an admitted basis with immediate underwriting and policy issuance. Minimum premiums begin at $500.
Available limits: $1 million to $2 million.
Carriers: Starr Indemnity & Liability. “A” rated by A.M. Best. Admitted.
States: All except Calif.
Contact: Michael Dean at 800-745-2409 ore-mail mdean@fdean.com.

Submit your company’s property/casualty markets to the industry’s leading searchable database at www.mynewmarkets.com.

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Insurance Journal Magazine June 15, 2009
June 15, 2009
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