My New Markets

June 20, 2011

Vacant Property
Market Detail: Cox Specialty Markets maintains both binding authority contracts as well as numerous brokerage facilities to provide competitive prices and coverages.
Available limits: As needed.
Carrier: Unable to disclose, admitted.
States: Ind., Mich., and Ohio.
Contact: Greg Cox at 800-648-0357 or e-mail: gregc@coxspecialty.com.

Builders Risk
Market Detail: DP Risk offers builders risk coverage at competitive rates with values up to $2 million online, higher limits available with underwriting referral. “A+” rated carrier and no volume commitments.
Available limits: As needed.
Carrier: Chartis.
States: All states.
Contact: Rod Taylor at 972-865-4981 or e-mail: rtaylor@dpexpress.com.

Tobacco & Smoke Shops
Market Detail: Professional Program Insurance Brokerage offers general liability and property coverage for tobacco and smoke shops. Coverage is excluding products. ACORD applications required and currently valued loss runs. Commission payable to brokers is 10 percent.
Available limits: Minimum $100,000, maximum $1 million.
Carrier: Lloyd’s of London.
States: All states except Alaska, Miss., and W.V.
Contact: Jennifer Schoenthal at 415-475-4300 or e-mail: jennifer@ppibcorp.com.

Wealth Security Policy
Market Detail: Woodruff-Sawyer & Co. have crafted a new personal protection solution for independent board members, called a “wealth security policy.” The Wealth Security Policy is specifically designed to protect an independent director against personal liability when the director’s company and the company’s D&O insurance program cannot or will not.
Carrier: Unable to disclose.
States: All states.
Contact: Judy Roberts at 415-399-6313 or e-mail: jroberts@wsandco.com.

Inland Marine
Market Detail: Aspen Specialty is targeting traditional insurance products such as contractors’ equipment, builders risk and motor truck cargo, as well more unique coverage such as floaters, fine arts, leased property, installments sales and floor plan.
Available limits: As needed.
Carrier: Unable to disclose, admitted and non-admitted available.
States: All states.
Contact: Rich Soja at 646-502-1031 or e-mail: richard.soja@aspenspecialty.com.

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Insurance Journal Magazine June 20, 2011
June 20, 2011
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Umbrellas – Personal & Commercial, Construction, Apartment Buildings