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November 7, 2011

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Commercial Automobile
Market Detail: TEE & GEE Underwriting Managers LP offers commercial auto coverage for taxis, limousines and shuttles in Texas.
Available limits: As needed.
Carrier: Unable to disclose.
States: Texas.
Contact: Shellie Voisard at 214-905-9970 or e-mail: shellievoisard@yahoo.com.

Dry Cleaners/Laundries
Market Detail: Intercorp Inc. offers pollution liability, workers’ comp, environmental liability, directors and officers liability, pollution and business owners policies for dry cleaners/laundries.
Available limits: As needed.
Carrier: Unable to disclose, admitted and non-admitted available.
States: All states except D.C.
Contact: Customer service at 800-640-7601.

Lawyers Professional Liability
Market Detail: Lawyer’s Protector Plan offers professional liability for law firms of up to 10 members. All practice areas can be considered. E&S markets also available.
Available limits: Minimum limit $250,000, maximum $10 million.
Carrier: XL Capital.
States: All states except Ore., Alaska, Okla., La., W.V., Wyo. and N.J.
Contact: Customer service at 800-336-5529 or e-mail: lpp@bbprograms.com.

Mental Health Plus
Market Detail: Thompson Insurance Enterprises LLC offers a program for the mentally ill, which can involve, but not limited to: depression; schizophrenia; manic depressive; and substance abuse. The program is designed to provide coverage for residential care facilities, outpatient counseling and transitional living. Mental Health Plus is a multi-line program available nationally.
Available limits: As needed.
Carrier: Stonington/Lantana Insurance Cos.
States: All states except Mass., Minn. and N.J.
Contact: Customer service at 800-476-4940.

Investment Advisors
Market Detail: Markel Cambridge Alliance provides errors and omissions insurance to several classes of investment advisors. Coverage is provided in all 50 states on a surplus lines basis.
Available limits: As needed.
Carrier: Unable to disclose, admitted and non-admitted available.
States: All states.
Contact: Customer service at 800-691-1515.

Vacant Property
Market Detail: Texas All Risk provides coverage for vacant properties which can include strip centers, homes, office space, warehouses and other commercial buildings. Texas All Risk has binding authority with eight A-rated (or better) carriers with up to $2 million per location. Agents can get appointed by filling out application on Web site.
Available limits: Minimum $5,000, maximum $2 million.
Carrier: Eight non-admitted domestic carriers, unable to disclose.
States: Texas, Okla. and La.
Contact: Customer service at 972-669-1188.

Lenders Environmental Liability
Market Detail: ISM General Insurance Agency offers lenders environmental coverage for commercial lenders providing debt financing that is secured by commercial real estate. This coverage is designed to address two major concerns of lenders in regards to environmentallyimpaired properties: potential environmental liability and compromise of their collateral. Coverage is available through either a portfolio policy or a single site policy.
Available limits: As needed.
Carrier: Unable to disclose, non-admitted.
States: Calif., Ariz., Nev., Ore., Wash., Texas, Okla. and N.Y.
Contact: John Farinacci at 714-544-6125 or e-mail: j.farinacci@ismflex.com.

Bed Bug Infestation Recovery
Market Detail: Professional Liability Insurance Services Inc. has introduced a business interruption and extra expense coverage for bed bug infestations for lodging facilities. Bed bug infestations are becoming a national epidemic, racking up expenses and devastating profits. Professional Liability Insurance Services policy features: no waiting period for policy triggers; up to six-month period of restoration available; no deductible for all expenses except decontamination expenses (coinsurance applies for decontamination expenses); loss of lodging revenue; rehabilitation expenses: marketing, overtime of regular staff, other mitigation expenses; third-party remediation expenses: customer decontamination expenses, onsite ustomer first aid; extortion payments; decontamination expenses (affected lodging room and lodging rooms immediately adjacent to the affected lodging room): no co-insurance for first $5,000, then 10 percent co-insurance applies; immediate and expert crisis management from Specialty Risk Management Inc.: 24/7 customer hotline, assistance with regulatory authorities and requirements, marketing and media control, and preventative resources.
Available limits: As needed.
Carrier: Certain Underwriter’s at Lloyd’s.
States: All states.
Contact: PLIS Product Team at 512-328-0677 or e-mail: underwriting@plisinc.com.

Storage Tank Liability Insurance
Market Detail: Chamber Insurance Agency Services offers coverage to protect clients business from environmental exposures. Coverage for: corrective action; cleanup and third party bodily injury; and property damage from pollution conditions emanating from scheduled storage tanks.
Available limits: Minimum $100,000, maximum $10 million.
Carrier: Unable to disclose, admitted.
States: All states.
Contact: John Ferreira at 973-669-2309 or e-mail: jpferreira@chamberagent.com.

Kidnap and Ransom
Market Detail: Petersen International Underwriters’ kidnap and ransom insurance has been developed to reimburse the policy owner for the expenses incurred with a kidnapping or extortion and include the response team, ransom payments, negotiations, and numerous other expenses associated with a kidnapping or extortion. Key benefits include: ransom reimbursement, personal accident, loss of ransom during delivery, private negotiator, public relations, travel expenses, psychiatric expenses, reward payments, financial losses, loss of income, employee lost income, asset protection, security coverage, specialized equipment, rehabilitation benefit, and funeral expenses.
Available limits: As needed.
Carrier: Unable to disclose.
States: All states except D.C.
Contact: Customer service at 800-345-8816.

Topics Texas

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