Insurance Program Results
Mounting Competition
An influx of potential accounts combined with overcapacity and soft pricing will send competition in the habitational market to a new high during 2016. This year will bring more multi-family housing construction and higher apartment occupancy rates as populations grow and regional economies continue to pick up speed. Crittenden anticipates this highly competitive environment will motivate primary carriers to also take on more business previously routed into excess and surplus markets....
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Builders Risk (Admitted and E&S)
Administered By: Beazley
Distribution: Direct/Broker
| Industries: |
Builders Risk/Home Builders, Contractors, Habitational, Municipalities/Government Bodies |
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Carriers: Beazley Insurance Co. Inc.
Coverage: Builders Risk, Excess, General Liability, Umbrella/Excess
Limits: up to $200 million (Varies by Risk/Location)
Habitational
Administered By: Clermont Specialty Managers
Distribution: Program Administrator
| Industries: |
Apartments, Co Op Association, Community Associations, Habitational, Homeowners/Condo Associations |
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Carriers: W.R. Berkley Corp.
Coverage: Blanket Limit, Equipment Breakdown, Boiler & Machinery, Business Income/Extra Expense, Business Interruption, Business Personal Property/Business, Crime, Cyber Liability, Data Security, Employee Benefits Liability, General Liability, Property
Limits: up to $25,000 (Limited Coverage for: Fungus, Wet Rot, Dry Rot, and Bacteria), up to $100,000 (Crime Coverage (employee dishonesty, forgery/alterations & computer fraud)), up to $500,000 (Property in Transit), up to $150 million (Property Limits)
Condominium Association Boiler & Machinery Program
Administered By: Coastal Insurance Underwriter
Distribution: MGU
| Industries: |
Apartments, Commercial Real Estate, Commercial Real Estate (Multi-Family), Community Associations, Habitational, Homeowners/Condo Associations |
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Carriers: Travelers Cos.
Coverage: Equipment Breakdown, Excess, Machinery & Equipment, Umbrella/Excess
Limits: up to $200 Million ($50 MM per location TIV)
Property
Administered By: Rockhill Insurance Group
Distribution: Carrier Direct
| Industries: |
Commercial Real Estate (Office), Commercial Real Estate (Retail), Habitational, Hospitality (Hotels/Motels), Hospitals, Municipalities/Government Bodies, Nursing Homes/Skilled Nursing Facilities |
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Carriers: Rockhill Insurance Co.
Coverage: Property
Limits: up to $20 million (Property All-Risk), up to $20 million (Excess), up to $20 million (Wind Only and/or Named Storm)
Real Estate Professional Liability
Administered By: Protective Specialty Insurance
Distribution: Carrier Direct
| Industries: |
Builders Risk/Home Builders, Commercial Real Estate, Contractors, Habitational, Hospitality (Hotels/Motels), Residential Real Estate (Directors/Managers) |
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Carriers: Protective Insurance Co., Protective Specialty Insurance Co.
Coverage: General Liability, Tenants' Legal Liability
Limits: $250,000 - $5,000,000 (Aggregated Personal injury coverage Innocent insured coverage Punitive damages coverage Defense costs for discrimination liability: $100,000 (minimum) Lockbox liability: $10,000 (minimum) Failure to disclose pollutants coverage: $50,000 (minimum) Predecessor and successor firm coverage Mediation provision reduces retention Automatic subsidiary coverage Defense costs for licensing proceedings: $10,000 (minimum) Supplemental limit of liability for expense reimbursement of $250 per day with a $5,000 aggregate limit Automatic 60-day extended reporting period)
Specialty Property Program
Administered By: Blue River Underwriters
Distribution: Program Administrator
| Industries: |
Commercial Real Estate (Industrial), Habitational, Hospitality (Hotels/Motels) |
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Carriers: Zurich
Coverage: Excess, Professional Liability, Umbrella/Excess
Limits: up to $2 Million (Excess ($1 Million per occurrence/ $2 Million aggregate) )
Property Program - Wind
Administered By: Core Programs
Distribution: Carrier Direct
| Industries: |
Commercial Real Estate (Office), Habitational, Hospitality (Hotels/Motels) |
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Carriers: ACE Group
Coverage: Weather Insurance
Limits: up to $5,000,000 per location (Property)
Coastal Condo Hotel Motel Program
Administered By: NSM Insurance Group
Distribution: Program Administrator
| Industries: |
Habitational, Hospitality (Hotels/Motels) |
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Carriers: AIG
Coverage: Commercial Auto, Crime, Equipment Breakdown, Excess, General Liability, Inland Marine, Property, Umbrella/Excess
Limits: up to $50 million
Excess Casualty
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Contractors, Distribution Risks, Equipment Rentals, Events and Event Planners, Habitational, Manufacturers/Manufacturing Risks, Restaurants, Retail |
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Carriers: James River Insurance Co.
Coverage: Excess
Limits: up to $10 million (Occurrence or Claims Made, Prior Acts Available)
Excess Property
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Colleges & Universities, Commercial Real Estate (Office), Commercial Real Estate (Retail), Freestanding Medical Facilities, Habitational, Hospitality (Hotels/Motels), Hospitals, Manufacturers/Manufacturing Risks, Municipalities/Government Bodies, Nursing Homes/Skilled Nursing Facilities, Real Estate Owners, Schools, Warehouses |
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Carriers: James River Insurance Co.
Coverage: Earthquake Liability , Excess, Flood, Property
Limits: up to $30 Million
Habitational
Administered By: Promont Advisors
Distribution: MGU
| Industries: |
Apartments, Habitational |
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Carriers: GuideOne Insurance Cos., Liberty Mutual Group, United Specialty Insurance Co.
Coverage: Employee Benefits, Equipment Breakdown, General Liability, Hired & Non-Owned Auto, Property
Limits: up to $1 million/$2 million (General Liability), up to $5,000 (Med Pay ), up to $5 million (Property TIV)
Small Accounts - Casualty
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Artisan & Trade Contractors, Commercial Real Estate (Office), Contractors, Habitational, Hospitality (Hotels/Motels), Janitors/Janitorial, Laboratories, Landscape Design/Landscaping/Lawn Service, Lessors Risk, Restaurants, Retail, Vacant Property , Warehouses |
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Carriers: James River Insurance Co.
Coverage: General Liability
Limits:
TCAP (Tailored Community Associations Plan)
Administered By: U.S. Risk
Distribution: MGA
| Industries: |
Directors & Officers (D&O), Habitational, Planned Unit Developments (PUDs) |
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Carriers: Western Heritage Insurance Co.
Coverage: Commercial Auto (Hired & Non-Owned), Crime, Directors & Officers (D&O), Employee Benefits Liability, Equipment Breakdown, Excess, General Liability, Property, Umbrella/Excess
Limits: up to $50 million (TIV per location, program authority up $15 million), up to $1M/$2M (Liability Limits), up to $5 million (MNC construction- Program authority up to $5 million), up to $2 million (Per building frame (program authority up to $2 million))
Umbrella & Excess
Administered By: StarStone
Distribution: Carrier Direct
| Industries: |
Auto Service and Repair, Churches/Religious Institutions/Organizations, Colleges & Universities, Habitational, Municipalities/Government Bodies, Schools |
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Carriers: StarStone National Insurance Co., StarStone Specialty Insurance Co.
Coverage: Excess, Umbrella/Excess
Limits: up to $15 million (For low and medium hazard risks), up to $10 million
ACE Express(SM) Umbrella
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Banks, Bowling Centers, Commercial Real Estate, Financial Institutions, Golf Courses/Country Clubs, Habitational, Hospitality (Hotels/Motels), Manufacturers/Manufacturing Risks, Restaurants, Retail |
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Carriers: ACE Group
Coverage: Commercial Auto, Employee Benefits Liability, Employment Practices Liability (EPL), General Liability, Liquor Liability
Limits: up to $1 million (Employee Benefits Liability- aggregate), up to $1 million (Products-Completed Operations Aggregate), up to $2 million (General liability- aggregate), up to $1 million (Employee Benefits Liability- per occurrence), up to $500,000 (Employers liability), up to $1 million (General liability- per occurrence), up to $10 million (Up to $25 million available by referral to an ACE Excess underwriter), up to $1 million (Liquor liability)
ACE SPECTRA® for Properties
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Commercial Real Estate, Habitational, Hospitality (Hotels/Motels), Manufacturers/Manufacturing Risks |
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Carriers: ACE Group
Coverage: Business Interruption, Excess, Natural Disaster, Property, Umbrella/Excess
Limits: up to $25 million
CAT Driven Habitational - Florida
Administered By: Zurich
Distribution: Carrier Direct
| Industries: |
Habitational |
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Carriers: Zurich
Coverage: Excess, Property, Umbrella/Excess
Limits: up to $35 Million (CSL (higher limits are available with referral))
Commercial Lines
Administered By: Orchid Specialty
Distribution: MGA
| Industries: |
Commercial Real Estate, Habitational, Mercantile, Restaurants, Retail, Small Businesses |
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Carriers: Chubb Group of Insurance Cos.
Coverage: Accounts Receivable, Business Income/Extra Expense, Business Interruption, Business Personal Property/Business, Employment Practices Liability (EPL), Equipment Breakdown, General Liability, Legal Assistance, Placed Personnel Dishonesty, Products Liability
Limits: up to - $5 million (Maximum TIV per location)
Habitational
Administered By: Nationwide
Distribution: Direct/Broker
| Industries: |
Apartments, Habitational, Homeowners/Condo Associations |
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Carriers: Nationwide Mutual Insurance Co.
Coverage: Business Interruption, Commercial Auto, Commercial Property, Cyber Liability, Directors & Officers (D&O), Environmental/Pollution Liability, General Liability, Umbrella/Excess, Workers' Compensation
Limits: up to $1 million (General Liability), up to $100 million (TIV)
Property Solutions
Administered By: Burns & Wilcox
Distribution: Program Administrator
| Industries: |
Casinos, Construction Equipment/Machinery/Materials, Distribution Risks, Energy Companies, Financial Institutions, Habitational, Healthcare Systems, Hospitality (Hotels/Motels), Manufacturers/Manufacturing Risks, Miscellaneous Risks, Public Entities, Vacant Property |
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Carriers: Lloyd's of London
Coverage: All Risk, Builders Risk, Cancellation/Postponement , Crime, Dealers Open Lots, Earthquake Liability , Equipment Breakdown, Flood, Inland Marine, Terrorism
Limits: call for - limits