My New Markets

March 7, 2022

Cannabis Surety Bonds

Market Detail: Cannabis Surety Bonds, through First Indemnity of America Insurance Co. / FIA Surety, is one of the few sureties supporting the emerging cannabis market. The company offers A rated, T-listed bonds nationwide, providing creative surety solutions, including cannabis surety bonds.

Available Limits: As needed

Carrier: FIA Surety / First Indemnity of America Ins. Co., admitted, A- rated by AM Best

States: All states

Contact: Steve Golia at email: sgolia@fiasurety.com, or 856-304-7348

Psychoanalysts

Market Detail: The EPIC Psychoanalytic Program improves and simplifies the risk management process for psychoanalysis professionals including psychiatrists, psychologists, psychotherapists and social workers. Endorsed by three of the largest psychoanalytic associations in the United States (the American Psychoanalytic Association, the American Society of Psychoanalytic Physicians, and the American Academy of Psychodynamic Psychiatry and Psychoanalysis), clients in the EPIC Psychoanalytic Program cover a broad spectrum, from the recent graduate starting a new practice to the more experienced and established psychoanalysts groups. We also serve some of the largest psychoanalyst institutes in the country.

Available Limits: As needed

Carrier: Cosmetic Insurance Services, a division of EPIC Brokers

States: All states

Contact: Ken Hegel at email: kenneth.hegel@epicbrokers.com, or 201-356-0057

Commercial Auto Liability

Market Detail: Star Mutual RRG, offers competitive and stable commercial auto liability rates for transportation companies that include: Agency online instant quoting and servicing portal; Auto Liability limits up to $ 1 million; High Deductible options for fleets; and Federal and state fillings. Transportation Classes Covered: Short and Long-Haul Trucking; General freight; Dry vans; Cargo vans; Refrigerated goods; Car haulers; Flatbed; Last Mile Delivery; Owner-operators; Small and Large Fleet. Payment options: Direct Bill; Credit Card; ACH. Discounts available for: Pay in full; CDL experience; New trucks; and Qualified safety scores.

Available Limits: Up to $1 million

Carrier: Star Mutual RRG

States: California, Delaware, Illinois, Iowa, Kansas, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia.

Contact: Star Mutual RRG at email: agents@starrrg.com, or 855-569-7827

Violent Attack Program

Market Detail: Amalgamated Insurance Underwriters offers a product designed for any organization or business that attracts gatherings of individuals. The focus of the liability coverage is to protect the insured business from claims relating to the injury or death of customers and patrons. We offer a dedicated line of $5 million in liability coverage per occurrence. The focus of the property coverage is to assist the affected business, by mitigating direct and indirect property losses due to attack. Some of the business classes that will benefit most from this product are: Houses of Worship; Strip Malls, Cinemas; Restaurants; Nursing Homes; Entertainment Centers; Hotels. Liability Coverages: $5 million liability coverage limit; Broad definition of violent attack; Competitive pricing options; Comprehensive Victim compensation inclusive of bodily injury, death, disablement, rest and rehabilitation, psychological counseling, and monetary losses to the victim; Defense costs and settlement resulting from legal action taken against your business following an incident. Property Coverages: $500,000 property coverage limit; All physical damages to the premises Included; Business interruption including loss of income resulting from prevention of access or evacuation of your premises; Loss of attraction directly resulting from an incident that directly targets your business or that occurs in the vicinity; Expenses for crisis management support from expert security consultants; Additional expenses including PR consultancy, legal advice and temporary security; All-encompassing cleanup services post-event.

Available Limits: $5 million (liability); $500,000 (property)

Carrier: Lloyd’s of London, non-admitted, A rated

States: All states except Florida.

Contact: Joseph Indig at email: hello@aiu-usa.com, or 845-426-0400.

Catastrophe Insurance

Market Detail: Owned by Poulton Associates, CATcoverage.com is an online marketplace and distribution platform for insurance brokers and producers. With multiple coverage forms and numerous insurance carrier options, CATcoverage.com is the go-to option for the informed insurance producer. CATcoverage.com is the exclusive distributor of the Natural Catastrophe Insurance Program, which is widely recognized as the gold standard when it comes to flood and earthquake coverage.

Available Limits: As needed

Carrier: Various, admitted and non-admitted, A or A- rated

States: All states except Kentucky.

Contact: Jennifer Jones at email: jjones@poulton.com, or 801-316-4228

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Insurance Journal Magazine March 7, 2022
March 7, 2022
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