Repossession Insurance Program
Market Detail: TUMI, part of the Amwins Underwriting division, offers its Professional Repossession Contractors Program, a specialized insurance program designed for professional repossession contractors who work with banks, credit unions and other reputable lending institutions. The program partners with an “A” rated non-admitted carrier and is available in most states. Target accounts: professional repossession contractors that work closely with banks, credit-unions and other reputable lenders. Accounts outside the scope of the program: new ventures, pawn shops. Available coverage and policy limits: auto liability – $1 million; general liability – $1 million; physical damage – $500,000; on-hook/cargo – $500,000; garage keepers – legal liability or direct primary; wrongful repo and drive away coverage available; excess limits available. No monoline GL.
Available Limits: Auto liability – $1 million; general liability – $1 million; physical damage – $500,000; on-hook/cargo – $500,000.
Carrier: Non-admitted; rated A by AM Best
States: Available in Alaska, Connecticut, District of Columbia, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, West Virginia, Wisconsin, Wyoming.
Contact: Rob Mills; rob.mills@amwins.com; 912-450-7500.
Cyber Insurance (Crypto Included)
Market Detail: International Underwriting Agency (IUA) has markets that will offer full insurance solutions for cyber insurance and insights to protecting small to large businesses for day to day technological cyberattacks. Cyber coverage for all risk types: network and information security liability; regulatory defense and penalties; multimedia content liability; PCI fines and assessments; bodily injury and property damage; technology errors and omissions; pollution; computer replacement; fund transfer fraud; service fraud; digital asset restoration; business interruption and extra expenses; cyber extortion; breach response; crisis management and public relations. Coverages: Up to $5 billion revenue companies entertained; up to $5 million in limits. Submission requirements: completed and signed applications (non HIIG apps accepted); Acord applications (property, GL, automobile); 5-year currently valued, carrier loss runs; current state inspection (if applicable); current license (if applicable); resume of the owner and/or operator (if in business less than three years); brochure or website (if available). BOP, CPP, GL, Property, Liquor Liability, EPLI, D&O, Auto and Umbrella. Appointment required.
Available Limits: Up to $5 million.
Carrier: Admitted; non-admitted; rated A- or higher by AM Best.
States: Available in Alabama, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia.
Contact: Edward Ha; eha@iua.bz; 718-461-8088.
Garage Keepers for the Automotive Aftermarket
Market Detail: Alliant Insurance Services LLC offers its Installers Edge, a proprietary insurance program that offers garage keepers insurance, garage liability coverages and more to limit exposures for shop owners. From installing specialty automotive parts to restoring automobiles, Alliant has the coverage crafted especially for your unique needs. Installers of aftermarket parts, dealer jobbers, truck centers, vehicle conversion, and custom car builders face many of the same issues revolving around garage operations, risk management and insurance. Whether it is the exposure to a customer’s car in their care, custody and control, or the test drive, exposure for liability actions in the event of an accident can put a company at risk. Has pen; appointment required.
Available Limits: Not disclosed.
Carrier: Not disclosed.
States: Available in most states plus District of Columbia; not available in Hawaii.
Contact: Franco Ganino; insurancequote@alliant.com; 800-390-9099.
MLI+WHIP and EPL+WHIP
Market Detail: ExecutivePerils offers EPL and/or D&O with up to $1 million wage and hour (defense and indemnity). Robust EPL with joint employer, sub limits reinstatements, claims continuity, reserve limit. Available in 50 states, broad industry appetite. Has pen.
Available Limits: Up to $1 million wage and hour (defense and indemnity).
Carrier: Non-admitted; rated A XV by A.M Best.
States: Available in all states plus District of Columbia.
Contact: Peter Taffae; WHIP@eperils.com; 310-444-9333 x100.
Topics Virginia
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