New Markets

Amateur Sports Facilities

Nuts & Bolts: Philadelphia Insurance Cos. has a new amateur sports facilities program. This product joins a series of products designed for the sports and recreation market including Fitness Centers, Martial Arts Schools and Bowling Centers. The policy provides coverage …

Automobile Repair & Service Operations

Nuts & Bolts: Lemac General Agency in Orange, Calif., has added a new market for Automobile Repair & Service Operations. Eligible classes include but are not limited to: detailers, body shops, quick lubes, heavy truck repair, car stereo installers, alarm …

Commercial Property

Nuts & Bolts: AXIS U.S. Insurance’s excess and surplus property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. The underwriting of this specialized business includes logging operations, sawmills, planing mills, manufacturers of wood …

Med-Mal for California Physicians

Nuts & Bolts: Fairway Physicians Insurance Company is a Washington D.C.-domiciled risk retention group now offering medical malpractice liability insurance to California physicians. Members participate in the growth of Fairway as shareholders. Fairway is authorized to write all types of …

Staffing & Recruitment Firms

Nuts & Bolts: Target Insurance Services now offers professional liability coverage. Target also offers stand-alone package coverage and first- or third-party crime for staffing and recruitment firms. Dollars: Separate E&O and EPLI policy limits up to $5 million, deductibles vary …

Hurricane Spin-down

Nuts & Bolts: ACE USA introduced hurricane spin-down insurance that can be used by the chemical process industry to help reduce the financial costs of closing down plant operations in response to the threat of a hurricane. This new insurance …

Contractors Program

Nuts & Bolts: Victor O. Schinnerer & Company’s contractors program recently released new 2004 editions of its three policy forms: a stand-alone professional liability policy, a stand-alone pollution incident policy, and a combined professional and pollution liability form. The changes …

Long Term Care, Assisted Living Facilities

Nuts & Bolts: Lionheart Insurance is offering several new markets for various adult-care facilities. Dollars: Property limit to $5 million (can include flood and earthquake). Liability limit to $5 million combined GL/PL. Carrier: Lloyds of London rated “A,” non-admitted. States …

Professional Liability

Nuts & Bolts: Target Insurance Services now offers professional liability coverage. Target also offers stand-alone package coverage and first or third party crime, for staffing and recruitment firms. Dollars: Separate E&O and EPLI policy limits up to $5 million, deductibles …

WorldRisk TravelPak

Nuts & Bolts: AIG Small Business, a unit of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), introduced WorldRisk TravelPak, a comprehensive package of international coverages designed for U.S.-based commercial enterprises with employees traveling on business …

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