NAS Insurance Introduces New Special Events Insurance
With Both Contingency and Liability Coverages
Now offering event organizers a single-source solution, NAS Insurance Services
introduces Special Events Contingency and Liability programs through its new
Entertainment and Sports facility. Headed by industry veteran Jerid Schmickle, the
programs are available to Entertainment, Hospitality, Media and Sports organizations or
individuals for concerts, festivals, sporting events and special events.
“We understand that events often have unique and unusual risks,” remarks Schmickle,
“and our new programs give event organizers a customized combined solution from one
provider.”
NAS’ Special Events Liability includes coverage for: General Liability; Excess & Umbrella
Liability; Liquor Liability, Hired/Non-Owned Auto Liability; and TULIPs. Limits up to
$5,000,000 are available. In addition, NAS’ Special Events Contingency includes coverage
for: Cancellation, Non-Appearance and Abandonment; Prize Indemnity; and Sports
Promotions. Limits up to $5,000,000 are available.
NAS is a product oriented, independent underwriting manager of specialty insurance
with full binding authority to underwrite on behalf of Lloyd’s, London and other highly
rated carriers. NAS offers innovative specialty products for a broad spectrum of
industries and distributes products as insurance and reinsurance.
NAS Insurance Services is located at 16501 Ventura Blvd., Suite 200, Encino, CA 91436.
For more information on our Entertainment and Sports programs, contact Jerid
Schmickle at (952) 657-5739 or jerid@nasinsurance.com.
NAS Medical Spa Facility Offering Coverage for Physician’s Direct Patient Care
NAS Insurance Services now offers physician direct patient care coverage at medical spas. Shared aggregate limits of up to $3,000,000 are available.
NAS is a product oriented, independent underwriting manager of specialty insurance with full binding authority to underwrite on behalf of Lloyd’s, London and other highly rated carriers. NAS offers innovative specialty products for a broad spectrum of industries and distributes products as insurance and reinsurance.
NAS Insurance Services is an underwriting manager located at 16501 Ventura Blvd. Suite 200, Encino, CA 91436, telephone (818) 382-2030, fax (818) 382-2040, website www.nasinsurance.com.
NAS Allied Medical Facility Now Offering GL on Occurrence Basis
NAS Insurance Services Allied Medical Facility offers some of the broadest medical malpractice coverage in the market and is now expanding its offerings to meet the growing needs of the medical community. Effective immediately, NAS will offer General Liability coverage on an occurrence basis. Limits for Professional and General Liability, up to $6,000,000, are available.
NAS is a product oriented, independent underwriting manager of specialty insurance with full binding authority to underwrite on behalf of Lloyd's, London and other highly rated carriers. NAS offers innovative specialty products for a broad spectrum of industries and distributes products as insurance and reinsurance.
NAS Insurance Services is an underwriting manager located at 16501 Ventura Blvd. Suite 200, Encino, CA 91436, telephone (818) 382-2030, fax (818) 382-2040, website www.nasinsurance.com.
National Interstate
National Interstate’s Affiliate, Safety, Claims and Litigation Services, LLC, Provides
School Bus Driver Training Course to Contractors
Richfield, Ohio – March 28, 2012 - National Interstate Insurance Company announced that its affiliate, Safety, Claims and Litigation Services, LLC (SCLS) will be providing the Driver Training Course, created by The School Bus Safety Company (SBSC), to insured school bus contractors as part of their loss control services package. SBSC has more than 20 years of experience in training school bus drivers to keep school children safe.
“School bus accidents can be tragic, and we continually look for proactive ways to help our clients prevent such tragedies,” said Jim Parks, Vice President of National Interstate. “We have analyzed the Driver Training Course, and are confident that its use will make children safer while reducing the cost of risk to our customers.”
“We are delighted that SCLS and National Interstate are taking this step to bring this course to all their insured contractors,” said Jeff Cassell, President of SBSC. “Six of the eight largest student transportation contractors and more than 2,200 school districts are currently using SBSC training programs. Working together, we are making school bus transportation safer for all of the children being transported. SCLS and National
Interstate are providing assistance well beyond traditional loss control as they help to change the unsafe behaviors performed by drivers and reduce the cost of risk.”
“The programs will ensure that drivers are prepared to provide the safest, most efficient transportation possible. The SBSC training programs focus on the drivers and make a real difference in their daily performance and decision-making,” added Cassell.
“Insurance premiums are derived from expected losses,” added Jim Parks. “By helping our clients reduce their loss costs and enhance their risk management programs, we are providing our customers the best tools to help control their insurance costs. At the same time, we make transportation safer for the children, which is a win/win for everyone. We intend to provide the course to all school bus clients insured by National Interstate.”
For more information, please visit www.natl.com or www.schoolbussafetyco.com or contact:
Jim Parks
Vice President, National Interstate Insurance Company
800-929-1500
Jeff Cassell
President, School Bus Safety Company
800-275-7272
About National Interstate
National Interstate Insurance Company, a wholly owned subsidiary of National Interstate Corporation, is a specialty property and casualty insurance company with a niche orientation and focus on the transportation industry. We differentiate ourselves by offering insurance products and services designed to meet the unique
needs of targeted insurance buyers. Products include insurance for passenger, moving and storage, and truck transportation companies, alternative risk transfer, or captive insurance programs for commercial risks, specialty personal lines consisting of insurance products focused primarily on recreational vehicle owners and
small commercial vehicle accounts, and transportation and general commercial insurance in Hawaii and Alaska. National Interstate and its insurance subsidiaries, which include Vanliner Insurance Company and Triumphe Casualty Company, are rated "A" (Excellent) by A.M. Best Company.
About School Bus Safety Company
The School Bus Safety Company (SBSC) is solely dedicated to creating the most effective training materials to improve the performance of school bus drivers and reduce accidents and injuries. More than 2,200 school districts are using training programs created by SBSC plus over 45 contractors, including six of the eight
largest contractors. Used as explained in the training guides, the Driver Training Course has achieved a reduction in accidents approaching 50%.
Glatfelter Public Practice Adds Cyber Liability Coverage
New Cyber Liability & Privacy Crisis Management Expense Coverage features no deductible and offers public entities protection against the growing threat of cyber breaches
York, Pa. – March 27, 2012 – Glatfelter Public Practice, the nation’s premier public entity program manager, today announced that it has introduced Cyber Liability & Privacy Crisis Management Expense Coverage for municipalities and water related entities nationwide. Glatfelter Public Practice (www.GlatfelterPublicPractice.com) is part of Glatfelter Program Managers, a strategic business unit dedicated to Glatfelter Insurance Group’s program business.
The coverage is triggered by data breach incidents in which a public entity may be held legally liable (accountable). These incidents include personally identifiable information such as social security numbers being taken or released from an entity’s computer system, transmission of malware from their computer to a third party, or a denial of service attack resulting in the inability to use computers or web sites.
“More than 500 million records have been breached since 2005, and the federal government, as well as 47 states, have mandated that all affected parties be notified and offered credit monitoring services after a breach,” said Mark McCrary, president of Glatfelter Public Practice. “As a result, the cost of these losses can be significant, so it is important for a public entity to protect itself.”
Cyber Liability and Privacy Crisis Management Coverage is offered on the Glatfelter Public Practice Public Officials Management Liability policy written through an insurance carrier rated A+ (Superior), XV by A.M. Best Company. Coverage offered with no deductible.
Cyber Liability coverage (third party) has limits of $1 million occurrence/$3 million aggregate, and if an excess policy is purchased, Cyber Liability coverage extends through the excess. It offers protection for claims seeking monetary damages as a result of an electronic information security event, including:
- The cost to defend suits brought by affected parties
- Negligence
- Failure to maintain reasonable security procedures
Privacy Crisis Management Expense coverage (first party) has limits of $50,000 with the option to purchase higher limits. Following a privacy event, it pays applicable reasonable and necessary fees on behalf of the insured. These include:
- A computer forensic analysis to determine the cause and extent of the privacy breach
- A crisis management review and advice by an approved independent crisis management or legal firm
- Expenses associated with notifying affected parties to maintain goodwill or comply with any notification requirements imposed by law (Notification to affected parties for printing, advertising, mailing of materials or other costs)
- Call center services for credit monitoring as well as identity theft education and assistance for affected individuals
- Travel expenses by directors and employees to mitigate damages
Coverage will be offered in states where municipalities and water related entities are currently written.
Agents and brokers seeking more information should call 888-855-4782 or visit www.GlatfelterPublicPractice.com.
About Glatfelter Program Managers (GPM)
GPM (www.glatfelters.com/specialty_insurance_programs.asp) is a strategic business unit dedicated to Glatfelter Insurance Group’s program business. Based in York, Pa., GPM is one of the premier managers and recognized specialists of niche markets in the country. GPM manages and markets several specialty programs, including VFIS for fire departments, ambulance and rescue squads, and 911 centers; Glatfelter Public Practice for educational institutions, municipalities, independent school bus contractors and water/sewer entities; Glatfelter Healthcare Practice for skilled care, assisted living, independent living, continuing care retirement communities (CCRCs), personal care and group homes, hospice, home health care agencies and other private homecare agencies; and Glatfelter Religious Practice for churches, synagogues and other religious institutions.
Brownyard’s New E&O Coverage for Pest Control Professionals
Covers Monetary Damages
Bay Shore, N.Y.—February 16, 2012— Brownyard Group (www.brownyard.com), a
program administrator providing specialized insurance coverage for select industry groups,
announced today that it has introduced a new Errors and Omissions (E&O) coverage for its
PCOpro pest control program to cover monetary damages.
The new protection goes beyond standard liability coverage for bodily injury, property
damage and personal injury, and provides protection against claims seeking monetary damages
due to the negligence of the Pest Control Operator.
“As part of treatment or inspection claims, especially those related to bed bugs, businesses
can potentially seek monetary damages to cover lost revenue and other expenses not normally
covered by a Commercial General Liability policy,” said John Culotta, program manager of
PCOpro. “Our innovative E&O endorsement offers pest control professionals this important
protection, which is not easy to find among insurers today.”
Brownyard Group has underwriting authority for the E&O endorsement, which is written on
an admitted basis. Coverage is written through an insurance carrier rated A+ (Superior) by A.M.
Best Company and is available in most states.
PCOpro was designed specifically for the pest management industry and is among the
broadest commercial insurance programs currently available at highly competitive prices. Along
with commercial, general and professional liability, it features commercial property and inland
marine, business auto, umbrella, workers’ compensation and first and third party dishonesty.
About Brownyard Group
Brownyard Group is a program administrator that has developed and provided specialized
insurance programs for select industries for more than 60 years. These industries include
security guards, pest control operators, landscapers, cosmetic manufacturers, alarm systems,
private investigators and security consultants, and the beauty industry. In 1993, Brownyard
established Brownyard Claims Management, a loss prevention and full-service insurance claims
facility. The company is based in Bay Shore, N.Y.
Distinguished Programs
Distinguished Programs Introduces Umbrella Liability Program for Museums
New product geared to address museums increasing vulnerability to D&O suits.
NEW YORK, NY, - Distinguished Programs (www.distinguished.com), a national insurance program developer and manager, has launched an umbrella liability program for museums. The program is geared to address the needs of a wide range of non-profit museums from science, technology and art museums to botanical gardens, specialty and children's museums. Distinguished's umbrella liability program for museums is distributed through independent agents and brokers and is available in all 50 states.
Policy limit options range from $1,000,000 to $50,000,000 and the product is underwritten by an admitted A-rated carrier. A simplified application, quick-quote turnaround and electronic policy issuance within 24 hours make processing fast and efficient. According to Distinguished Programs Associate Vice-President Brian Parks, "from a client's perspective, the key selling feature in this umbrella is that it provides excess coverage over the underlying D&O policy. The majority of umbrella products available to museums exclude this increasingly important coverage."
Parks went on to explain that, "With the doctrine of charitable immunity abolished in all but a handful of states, non-profit museums are now held liable for the wrong doings of their volunteers, employees and directors and officers. The reality is that no matter how beloved an institution is, museums can and do get sued by the public and their employees."
The Umbrella Liability Program For Museums represents a first for Distinguished Programs, as the company has long specialized in programs for the real estate industry. Chief Operating Officer, Carla Vel, stated "This is in support of our corporate goal of broadening the products and capabilities we bring to our brokers. We are developing new products that capitalize on the expertise we've built in over 20 years of program management. We also have an ongoing strategic initiative, through a joint venture with Ironshore, Inc., to acquire small to mid-sized program managers and MGUs as well as the development of start-up operations built around key underwriting teams."
Earlier this year, Distinguished Programs acquired a controlling interest in GreenLine Underwriters, a Dallas-based program administrator focused on delivering insurance products through industry-leading web-based technology. Most recently, Distinguished acquired The Colonial Group, a managing general agency specializing in insuring small mercantile businesses in New York.
About Distinguished Programs
Distinguished Programs is a leading national insurance program manager focused on niche products for select business segments and industries. The company provides a wide range of competitive property and liability products for real estate risks and an umbrella liability program for museums. Products are distributed through a growing network of more than 3,000 independent agents and brokers. Distinguished's subsidiary companies include SES Insurance Brokerage Services, Inc., the premier insurance program manager and service provider for bank-managed trust property portfolios and China-based ReSource Pro, the leading business process outsourcing company for the insurance industry. The company is also a partner in IDP Holdings, a joint venture acquisition vehicle. Distinguished is the recipient of the "Best Practices Designation" by the Target Markets Program Administrators Association.
For more information, please visit www.distinguished.com.
Contact: Brian Parks, Assistant Vice President & Program Manager, Dstinguished Programs, 303-862-9396, bparks@distinguished.com
Five Star Specialty Programs
Business Auto Program Expands Classes
Five Star offers more lines of coverage for more classes with additional market
Melbourne, FL - Five Star Specialty Programs, a division of Crump Insurance Services, Inc., and part of Crump Group, Inc., the nation's premier insurance wholesaler, announced a new market for the Business Auto Program, providing additional coverage for more classes, including wholesale distributors, retail locations and various contractors.
- The 5Star Business Auto Program for miscellaneous classes is offered through multiple A-rated carriers. A recent carrier partnership opened coverage for more classes, including:
- Wholesale distributors delivering beverages, boats and other goods;
- Retail stores and locations providing the delivery of appliances, bakery goods, furniture and department store goods;
- Contractors, including building contractors, renovation contractors, roofing and plumbing contractors and others;
- And local/intermediate trucking.
Coverages available for this Business Auto Program include commercial auto liability, hired and non-owned liability, medical payments, physical damage, personal injury protection (statutory limits by state) and underinsured and uninsured motorist coverage (statutory limits by state). Coverage is available nationwide except for LA and MA.
About Crump Insurance Services and Five Star Specialty Programs
Crump Insurance Services, Inc. (Crump P&C) is a division of Crump Group, Inc., a leading
insurance wholesaler. Crump Insurance Services includes Crump wholesale brokerage locations across the U.S. and in Bermuda, Five Star Specialty Programs, Five Star Professional Programs, Target Insurance Services, and Hanleigh Insurance. Additional information on these companies is available at www.crumpins.com. Acting as a program administrator for numerous P&C carriers, Five Star Specialty Programs develops and provides specialty underwriting for commercial insurance programs.
More information specifically on 5Star is available at www.5starsp.com.
Contact:
Mary Jefferson, Five Star Specialty Programs, A Division of Crump Insurance Services, Inc., 301-467-2501, mary.jefferson@crumpins.com
Ryan Specialty Group, LLC Announces Expansive Transactional Liability and Tax Insurance Facility through Concord Specialty Risk
December 7, 2011, Chicago, IL - Ryan Specialty Group, LLC (RSG) announced today that Concord Specialty Risk (Concord) has entered into new trading relationships with Arch Specialty Insurance Company (Arch), Freedom Specialty Insurance Company, and a U.S. subsidiary of Zurich Insurance Company Ltd. Under the new facility, Concord will underwrite various transactional liability insurance products with a combined capacity of $55 million and the ability to access at least $20 million additional capacity for larger risks. The facility will be administered by Concord in a seamless process from underwriting to binding to claims management and resolution. Concord will act as the single point of contact between the facility markets and the Insured.
Concord's principals, David De Berry and Kenneth De Berry, have over two decades of experience in underwriting transactional (M&A related) risks (representations and warranties, tax liability exposures, actual or threatened litigations, potential adverse regulatory actions, "successor liability" enforcement) and stand-alone tax insurance (covering, for example, uncertain tax positions required to be included in financial statements and/or reported to the IRS). These insurance products are designed to facilitate transactions by enhancing bids, expediting and easing closings, syndications and offerings, and also provide balance sheet protection.
Patrick G. Ryan, Chairman and CEO of RSG, says, "Our core strategy embodies disciplined underwriting management led by seasoned professionals combined with financially solid trading partners that recognize the distinctive value underwriting managers deliver. Under the long-time leadership of David De Berry and Kenneth De Berry, Concord has established a proven track record of offering state of the art products in a highly-specialized niche, and has consistently delivered excellent underwriting results. Concord Specialty's deep expertise combined with the market presence of these highly-rated insurers - Arch (currently rated A, XV / Positive by A. M. Best), Freedom Specialty Insurance Company (currently rated A+, XV by A. M. Best), and Zurich (currently rated A+ /Stable by A. M. Best*) - provides the market with a flexible, responsive and satisfying suite of products and services geared to today's uncertain economic and regulatory climate. We are enthusiastic about the opportunities this new facility will offer agents, brokers and clients."
For more information on this release, contact David De Berry, (212)-784-5678, daviddeberry@concordspecialtyrisk.com.
About Ryan Specialty Group, LLC (RSG)
Ryan Specialty Group, LLC is a global holding company for wholesale brokerage, MGU/MGAs, Lloyd's specialty insurer Jubilee and other specialty services to agents, brokers and insurance carriers. www.ryansg.com
About Arch Insurance Company
Arch Insurance Group Inc., a division of Arch Capital Group Ltd., is a market-leading specialty insurer, providing a wide range of property, casualty and specialty insurance for corporations, professional firms and financial institutions worldwide. The transactional risk products for which we are now partnering will be written out of the Executive Assurance Department, a leading writer of insurance products targeting management liability, employment practices liability, fiduciary liability, professional services liability and fidelity losses. For more information, visit www.archinsurance.com
About Freedom Specialty Insurance Company
Freedom Specialty Insurance Company ® represents a wealth of experience in Specialty Liability insurance, and provides solution expertise, dynamic innovation, and decisive responsiveness to the needs of their clients. Backed by Nationwide's A+XV rating, the company's financial strength and stability allows them to serve as a vanguard in Specialty Liability lines. Visit www.freedomspecialtyins.com to learn more about Freedom Specialty Insurance Company, or call John Lopes at 212-329-6925.
About Zurich Financial Services Group (Zurich)
Zurich Financial Services Group (Zurich) is a leading multi-line insurance provider with a global network of subsidiaries and offices in Europe, North America, Latin America, Asia-Pacific and the Middle East as well as other markets. For more information about Zurich, go to http:www.zurichna.com/zna/media/news-releases.archive/boilerplate.htm.
*For more information about the ratings of Zurich American Insurance Company, access the ratings section on www.zurichna.com. For more complete financial information about the Zurich Financial Services Group and ratings for Zurich Insurance Company Ltd., access www.zurich.com
Philadelphia Insurance Companies
NEW RELATIONSHIP BRINGS AFFORDABLE CUSTOMIZED INSURANCE PROTECTION TO RESIDENTS OF SENIOR LIVING COMMUNITIES
A.G.E. Liability Insurance fills coverage gap against accidents & third party claims
Bala Cynwyd, PA, - After a lifetime of saving, seniors and their families enjoy the benefits of careful retirement planning including living life on their terms in a senior living community. But, in moments, an unforeseen accident can threaten the financial health of a senior and result in a loss of their hard earned assets.
Fires, slip and falls, scooter accidents and even dog bites are all incidents where seniors in senior living communities can be held personally liable. The largest advocate for professionally-managed, consumer driven senior living communities in the country, the Assisted Living Federation of America (ALFA), is educating both senior communities and the residents they serve, to help them avoid financial hardship due to accidents and third party claims. ALFA is highlighting an innovative product called Asset Guard Endorsement (A.G.E.) liability insurance, which closes the gap to help protect seniors' finances and reduce costs and risk for the communities where they live.
"Seniors deserve the opportunity to protect their financial assets if an accident occurs and third parties file claims, the A.G.E. liability insurance program can help," said Jamison Gosselin, SVP of Marketing at ALFA. "A.G.E. liability insurance is no ordinary renters' insurance program. It is a renters insurance option that has been crafted to serve seniors choosing a senior living community and families who want to protect their loved ones' assets."
A.G.E. provides seniors with coverage to protect their assets and lifestyle against third party claims resulting from bodily injury or damage to their property. It also helps senior care communities by decreasing risk and keeping their residents safe.
"The fastest growing segment of our population is seniors 65 and older. During a challenging transition to a new home or environment, seniors might not realize or think about potential accidents where they can be held personally liable," said Chuck Pedone, Regional Vice President of Marketing for Philadelphia Insurance Companies (PHLY) which underwrites this coverage. "Accidents can and do happen. This coverage is designed to provide the very best protection to both seniors and the communities where they live."
To learn more about the Asset Guard Endorsement insurance coverage, you can visit www.assetguardendorsement.com or email info@ageinsurance.com.
TAPCO Underwriters, Inc.
E&S policy issuance for Dwelling, Homeowner, Vacant and Builder's Risk
coverage now available online, 24/7
BURLINGTON, N.C., - TAPCO Underwriters, Inc. (TAPCO), a Burlington, N.C.-based MGA specializing in high-volume, middle-market excess and surplus insurance lines, introduced today their new online rater program. TAPCO President Tap Johnson III made the announcement.
TAPCO's new online rater program was created to allow agents to easily quote their own E&S policies for Dwelling, Homeowner, Vacant and Builder's Risk coverage, online, 24-hours-a-day, seven-days-a-week. For each type of coverage, the agents must enter basic information-physical location state, insured name, address, square footage, protection class, construction type, year built, among others-on one screen, in simple-to-navigate fields. Once the information is entered, an actual quote, application(s) and finance agreement(s) are generated as PDF documents and e-mailed to the agents instantly for review.
"TAPCO has always been a leader in technology," said Johnson. "Agents who work with us have become accustomed to receiving fast, accurate quotes in a timely fashion. Now, they can get that same quick and easy service anytime, anywhere, with our new online rater program."
The online rater program can quote Builder's Risk and Vacant coverage in Alabama, California, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, D.C. and the state of Washington. Homeowner's and Dwelling coverage can be quoted in Washington, D.C., Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee and Virginia; Dwelling coverage is also available in Texas.
For more information about TAPCO's new online rater program please visit www.gotapco.com and log in to the broker web services gateway, or call 1-800-334-5579.
US Assure Insurance Services, Inc.
US Assure to offer Zurich's Contract Litigation Insurance Nationwide
LOS ANGELES - US Assure Insurance Services, Inc. today announced it will market
and distribute nationally Contract Litigation Insurance (CLI) through its network of insurance agents and brokers. CLI protects plaintiffs and defendants involved in contract disputes from the risk of having to pay their adversary's attorneys' fees. Underwritten by Zurich in North America and developed and administrated by Sonoma Risk Insurance Agency, CLI is entirely new to the U.S. marketplace and the only one of its kind currently available.
The prospect of paying an adversary's attorneys' fees is a significant risk to anyone involved in a contract dispute. Contracts typically contain a "prevailing party" or "loser pays" provision. The provision requires that if a lawsuit arises out of the contract, the losing party in the lawsuit must pay the attorneys' fees of the winning (or prevailing) party. Many states have even enacted statutes requiring a loser in litigation to pay the
winner's attorneys' fees.
Standard insurance policies do not cover the cost of paying the attorneys' fees of an opposing party in litigation. Contract Litigation Insurance helps fill the gap in insurance coverage for businesses and individuals involved in a contract dispute.
"Lawsuits are never as clear-cut as they first seem. As litigation continues, legal fees begin to mount as well as the fear and uncertainty of having to pay the attorneys' fees of the opposing party. Our Contract Litigation Insurance provides litigants with the peace of mind to focus on the case at hand and not the 'what if I lose' factor," said Sonoma Risk founder and CEO Kevin Martin.
"Because all business is conducted through contracts and most contracts contain a "loser pays" provision, CLI is applicable across all industries and all types of contracts. In fact, in the short period we have offered CLI to the public, we have already insured businesses and individuals from many different industries and involving many different types of contracts," said Damiano Servidio, head of Professional Services for Zurich's Programs business. Plaintiffs or defendants may purchase the insurance within the first 12 months of the filing of a contract dispute with coverage being least expensive if purchased within the first 60 days. The Contract Litigation Insurance policy period lasts the duration of the covered litigation.
"Our partnership with Sonoma Risk allows insurance agents and brokers access to a unique solution designed to reduce their customers' financial liability when involved in a contract dispute," said Andy Ferguson, President of US Assure Insurance Services, Inc. "We are very excited to be the first to offer Contract Litigation Insurance on a national basis. CLI is an important risk mitigation tool that anyone involved in a contract dispute must consider. With over 4.5 million contract dispute lawsuits filed annually, we believe a significant opportunity exists in the insurance community for this new litigation insurance solution." Independent insurance agents and brokers may access the Contract Litigation Insurance program through US Assure Insurance Services, Inc. with no premium commitment. Competitive commission rates are offered
on all CLI policies.
For more information on Contract Litigation Insurance, visit www.usassure.com/ContractLitigation, or call 800.713.1158, option 8.
Media Contact: Kevin Martin, Sonoma Risk Insurance Agency; Founder and Chief Executive Officer; kmartin@sonomarisk.com; 310.954.1522
Venture Programs Launches Online Safety Learning Management System
West Chester, Pa. – September 6, 2011 — Venture Programs (www.VenturePrograms.com)
announced today that it has introduced a new online safety learning management system
through its risk management partner, IRISK Solutions. The system – available only for insureds
in any of Venture’s programs – is designed to train employers and their employees in key areas
that will improve their business while making safety a top priority.
The learning management system (www.trainingentry.net/irisk) features a library of 300 highquality
web training courses, many of which are available in a bi-lingual format. As part of its
offer, Venture provides access to 17 safety training courses for its insureds, with the remaining
courses available for purchase. Among the base training courses covered are Safe Lifting, Slip
and Fall Prevention, Lockout and Tagout, Hazard Communication, Management Courses, and
Golf Cart Safety.
“The learning management system is one of many tools available to Venture Programs
customers in developing an effective loss prevention program for their employees,” said Girija
Trainor, chief operating officer of IRISK Solutions. “It is intended to provide up-to-date insight
and assistance to what an organization – as an employer – can do to improve safety and
accident prevention efforts.”
Managers can assign and track course completion while employees are trained in a variety of
topics that are specific to their particular department. Each course has been created and
reviewed to assure that critical knowledge has been covered, and to keep employees engaged
and learning. Every course is based on a set of carefully defined learning objectives, which
become the foundation for the course while all of the presentations, interactions and evaluations
tie back to these learning objectives.
The training system is part of customer risk management resources offered to all Venture
Programs customers. These resources also include a Risk Management Library with access to
a wealth of loss prevention articles, case studies, incident reports, and trend reports to help
insureds understand the financial consequences of certain exposures.
About Venture Insurance Programs
Venture Insurance Programs (www.ventureprograms.com) is a leading program administrator
that designs, underwrites and distributes industry-specific insurance packages. Based in West
Chester, Pa., Venture has underwriting alliances with the world’s leading carrier groups,
including Chubb, The Hartford, Allied World, RSUI, USLI, Zurich North America and Lloyd’s of
London. Founded in 1993, Venture provides specialty insurance packages for select vertical
industries—including golf and country clubs, golf destination resorts, boutique hotels,
resorts, hunting and fishing lodges and technology companies.
Media Contact: Gary Kimball
Vertibrands
610-559-7585
gkimball@vertibrands.com
Brownyard Group.
Brownyard Launches GroundCover - A New Landscaper Program
Bay Shore, N.Y - Brownyard Group (www.brownyard.com), a program administrator providing specialized insurance coverage for select industry groups, announced today that it has launched GroundCover, a new insurance program for landscape professionals.
The program provides General Liability and Property coverage for landscape contractors such as landscape gardeners and lawn care services, with coverage also provided for incidental exposures related to the insured's business.
"GroundCover is a natural extension of the experience and expertise that we have gained through our Pest Control program, in which landscaping was an incidental exposure that many pest control operators firms provide and we insure," said Tory Brownyard, president of Brownyard Group.
The program will be written on a non-admitted basis - except in New Hampshire where it will be written on an admitted basis - through the Western World Insurance Group, which is rated "A+" by A.M. Best. GroundCover will be offered nationally with an initial focus on the Eastern states of Georgia, North Carolina, New Hampshire, New Jersey, New York and Pennsylvania.
Additional coverage highlights include:
- Care, Custody & Control Coverage
- Pesticide or Herbicide Applicator Coverage
- Professional Liability Coverage
- Blanket Additional Coverage
- Minimum premiums are $750 for limits of 300,000/$600,000, $1,000 for limits of
$500,000/$1 million, and $1,250 for limits of $1million/$2 million.
About Brownyard Group
Brownyard Group is a program administrator that has developed and provided specialized insurance programs for select industries for more than 60 years. These industries include security guards, pest control operators, cosmetic manufacturers, alarm systems, private investigators and security consultants, and the beauty industry. In 1993, Brownyard established Brownyard Claims Management, a loss prevention and full-service insurance claims facility. The company is based in Bay Shore, N.Y.
Media Contact: Gary Kimball, Vertibrands, 610-559-7585, gkimball@vertibrands.com
Herbert H. Landy Insurance Agency
Navigators Management Company, Inc.
The Herbert H. Landy Insurance Agency, Inc.
and Navigators Management Company, Inc. Join Forces
for Accountants Professional Liability Insurance Program
The Herbert H. Landy Insurance Agency, Inc., of Needham, MA announces their partnership with The Navigators Management Company, Inc., the principal underwriting subsidiary of The Navigators Group, Inc. (NADAQ: NAVG), to offer a national program for accountants professional liability insurance beginning November 1, 2011 for accounting firms with revenues of one million dollars or less. The Landy Agency will also have access to Navigators Pro open brokerage division for larger accounting practices.
The Herbert H. Landy Insurance Agency developed the first professional liability insurance program specifically created for accounting professionals in 1962. For the past several years, that program was underwritten by General Star National Insurance Company, which has announced it will be exiting the professional liability insurance market for accountants and tax preparers.
"The Herbert H. Landy Insurance Agency and Navigators Management Company share tremendous experience in successfully underwriting and managing professional liability insurance programs", notes Betsy A. Magnuson, President of the Herbert H. Landy Insurance Agency. "Our mutual emphasis on offering a high quality, cost-effective program for accountants' professional liability insurance will provide significant
opportunities for our national network of insurance producers."
In addition to expanded coverage options and features, the program will now offer an "EXPRESS" application with a two year policy option. The client qualifies for coverage by answering a brief series of questions on the self-rating application, making the process quick and easy for insureds and producers alike.
Coverage for the Accountants Professional Liability Insurance program is available for accountants and tax professional businesses of all sizes and will be available in all states excluding Louisiana and Alaska.
For more information, contact John Torvi (johnt@landy.com, 781-292-5417) or Betsy A. Magnuson (betsy@landy.com, 781-292-5408) or visit our website at www.landy.com.
Philadelphia Insurance Companies
PHLY Rolls Out Online Insurance Quoting for Special Events
Philadelphia Insurance Companies now offers a new, user-friendly service that provides quick quotes and a pay online feature for special events coverage.
Bala Cynwyd, PA - Philadelphia Insurance Companies (PHLY), a leading property and casualty insurance company for the special events industry, now offers online quotes for Special Events insurance coverage. The new, easy-to-use service provides quick quotes and a pay online feature for special events coverage through the company's website, www.phly.com.
"Our convenient online system allows agents to apply, bind and pay for Special Events coverage," said Assistant Vice President of Underwriting Bob Battaglia. "It provides a faster, more efficient turnaround time on quotes." Currently, the system can accept submissions for General Liability and Liquor Liability. Additional coverages, including Property, Auto, Inland Marine, Crime, and Umbrella coverage cannot be submitted through the online system. These lines of business can still be submitted to PHLY through normal channels.
Eligible classes include social events, sporting events/competitions, musical events, trade shows, educational events, fairs, festivals, and many more acceptable classes. Agents can obtain quotes by logging into My PHLY on PHLY.com and selecting "Quotes" on the left side of the screen.
The ability to bind business and pay online is currently active in all states except Kentucky, Hawaii and Louisiana. While bind and pay capability does not yet exist in Kentucky, the system will allow you to apply for a quote. The states of Hawaii and Louisiana are not eligible for PHLY's Special Events product.
Ryan Specialty Group
Ryan Specialty Group, LLC Introduces
Newly-Formed, U.S. based-MGA Focusing on Renewable Energy Risks
CHICAGO, ILLINOIS - Ryan Specialty Group, LLC (RSG) introduces PER se (Power.Energy.Risk, 'securing the environment') - an MGU specializing in the energy and power sector, with a primary focus on renewable energy risks. PER se offers agents, brokers and their energy clients CAT and non-CAT property and casualty coverages for wind, solar, bio, hydro and all other forms of renewable energy power facilities. Coverage is provided for all phases of the project exposure cycle, including cargo/transit, delay in start-up, construction, machinery breakdown, business interruption, operational and other liabilities.
Michael Bernay, Managing Director and CEO of PER se, says, "PER se is a unique, independent resource for agents and brokers with clients seeking specialized energy and power insurance products and services. Tailoring programs to meet the expected demand for these products and services requires a thorough understanding of all aspects of the exposures, which our team has garnered through our long-standing relationships and over 50 years of collective experience with the largest and most innovative companies in this global industry."
Patrick G. Ryan, Chairman, and CEO of RSG, adds, "Worldwide energy demands are expected to increase dramatically over the next 20 years. PER se's extensive knowledge and experience in this segment positions us to deliver exceptional products and services that will help clients manage their risk as they continue to grow and provide much needed energy and power services to the world's consumers."
For more information on this release, contact Chelsey Krull, (312)784-6043, ckrull@ryansg.com.
For more information about PER se, contact Michael Bernay, (949) 851-4706, mbernay@powerenergyrisk.com
About Ryan Specialty Group, LLC (RSG)
Ryan Specialty Group, LLC is a global holding company for wholesale brokerage, MGU/MGAs and other specialty services to agents, brokers and insurance carriers. www.ryansg.com
2011 CONTRIBUTORS TO THE INSURANCE MARKETPLACE CYBERCAST
INSURANCE COMPANIES | MANAGING GENERAL AGENTS
PROGRAM ADMINISTRATORS | SURETY COMPANIES | WHOLESALE BROKERS
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