My New Markets

October 17, 2011

Cyber Liability
Market Detail: NAS Insurance Services Inc.’s TechGuard provides protection from class-action lawsuits resulting from E&O and a broad range of network-related exposures. Classes include: data management services, Web site design, software programming, software/hardware resellers, network installation/maintenance, systems design, IT project managers, outsourcing companies, ASPs, security consultants. Coverage is available for professional services, network damage, breach of privacy, libel, identity theft, slander, government investigation, data recovery costs, regulatory fines or penalties, and customer notification costs. Special features include: coverage for media perils and unauthorized access and virus liability. Copyright infringement coverage for code and content is also available.
Available limits: Maximum $5 million.
Carrier: Lloyd’s.
States: All states except Ill.
Contact: Michael Palotay at 818-808-4476 or e-mail: mpalotay@nasinsurance.com.

Professional Liability
Market Detail: Gray-Stone & Co. is a full service excess and surplus broker that specializes in professional liability including errors and omissions (E&O), agents E&O, directors and officers (D&O), employment practices liability (EPLI), law firms, property/DIC, commercial auto, package, general liability, workers’ compensation; and homeowners standard, preferred, high-value and hard-to-place.
Available limits: As needed.
Carrier: Unable to disclose.
States: All states except Wyo., Alaska, and D.C.
Contact: Customer service at 805 494-4440.

Medical Liability
Market Detail: PULIC Insurance Services Inc. specializes in medical liability protection for physicians, surgeons, dentists, podiatrists and other medical professionals who have difficulty finding coverage within the standard markets, been denied coverage, or whose policies have been non-renewed or canceled. Coverages available for those whose histories include claims, licensing actions, board sanctions, and a variety of other underwriting issues.
Available limits: As needed.
Carrier: Unable to disclose.
States: All states except D.C.
Contact: Customer service at 800-537-7362.

Pollution
Market Detail: National E&S Insurance Brokers Inc. has a new companion product designed for manufacturing, distribution, or chemical risks. Cover can be added to an existing admitted general liability package policy.
Available limits: Minimum $1 million, maximum $25 million.
Carrier: Unable to disclose, non-admitted.
States: All states except N.D. and S.D.
Contact: Customer service at 661-266-4444.

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Insurance Journal Magazine October 17, 2011
October 17, 2011
Insurance Journal Magazine

Focus on Professional Liability / PLUS, Law Firm Directory, Commercial Property, Insurance Geek Issue – What’s New in Technology