7320 N. Villa Lake Dr. Peoria, IL 61614 Fax: (309)693-0402

Transcription

7320 N. Villa Lake Dr.
Peoria, IL 61614
Phone: (309)692-8544 or (800)642-8397
Fax: (309)693-0402
Rick Sutton – Ext. 108 – Vice Pres. Underwriting – New Business commercial auto
[email protected]
Diane Fuller – Ext. 104 – Vice Pres. Administration – Accounting & Lloyd’s claims
[email protected]
Wendy Lucas – Ext. 109 – Underwriter – Renewal quotes for commercial auto, Garage &
Lloyd’s open market
[email protected]
Carrie Ferguson – Ext. 107 – Technical Administrator – Issuance of auto policies, policy
cancellations, training of all staff.
[email protected]
Amy Barrington – Ext. 149 – Underwriter –Property, casualty, liquor liability, inland
marine, farm liability, professional liability, workers compensation new business in
Arkansas, Missouri, & Illinois
[email protected]
Carol Payne – Ext. 106 – Underwriter – Renewal quote for Property & casualty, All the
above, Inspections
[email protected]
Christina Stear – Ext. 115 – Clerical – Invoices & issues commercial auto policies,
Issues Endorsements, Filings, Add/Delete drivers
[email protected]
Tonya Needham – Ext. 112 – Clerical – Invoices & issues GL & Property, Issues
Endorsements & Cert. of Ins., GL & Property Cancellations & Reinstatements
[email protected]
Jacki Penn– Ext. 110 – Clerical – Claim reporting to companies, loss run requests,
administrative/accounting functions
[email protected]
Acceptance Casualty Insurance Company (Missouri & Arkansas Risks)/
Occidental Fire & Casualty Co. of North Carolina (Illinois Risks)
IAT Specialty is a marketing and claims office for a group of property & casualty insurance
companies. IAT operates in Omaha, Nebraska and Scottsdale Arizona. There are six insurance
Companies and one re insurance company. The companies are as follows:
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Acceptance Indemnity Insurance Company
Acceptance Casualty Insurance Company
Occidental Fire & Casualty Company of North Carolina
Wilshire Insurance Company
Harco National Insurance Company
IAT Reinsurance Company Ltd
Transguard Insurance Company of America
All Companies carry a policy holder rating of A- (Excellent) by A M Best.
Commercial Automobile

Business/ Service Use
Commercial/ For Hire
Dump, Sand & Gravel, Grain
Fleets - Non Fleets
Owner/Operator Non-Trucking
Owner/Operator Reporting Policy - Liability
Owner/Operator Reporting Policy - Physical Damage
Public Auto
Intermodal Haulers
Radius

Local Truck (0-100 Miles)
Intermediate Trucks (101-300 Miles)
Regional Trucking (301 -500 Miles)
Long-haul Trucking (over 500 Miles)
Typically written Account
Car Hauler
Garbage Trucks
Intermodal
Refrigerated Transport
New Ventures
Dump for Hire
For applications, please go to our website at www.interstaterisk.com
Maxum Casualty Insurance Company
Maxum Specialty Insurance Group underwrites excess & surplus lines property and casualty
insurance products for buyers with unique insurance needs through Maxum Indemnity Company,
a non admitted insurer approved in most states and admitted in Delaware. The Group also
underwrites specialty insurance products such as Truck insurance through Maxum Casualty
Insurance Company, an admitted insurer in select states. Products offerings are sold exclusively
through a limited number of wholesale brokers and general agents that share a similar level of
customer focus and product niche expertise.
Maxum Indemnity Company has an AM Best rating of A-VII. Maxum Casualty Insurance
Company has an AM Best rating of A-VII.
Risks Located in Illinois
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1 -25 Power Units No Hazmat
Primary Auto Liability, Physical Damage, & Motor Truck Cargo coverage
Unlimited Radius Operations
• Routes out and back home or loop
• Backhauls usually arranged ahead of time
• Stable quarterly mileage under 30,000 per tuck
• Limited number of owner operators unless under 35% of drivers are new or employed
less than 1 year
Regional Long Haul Under 500 miles
• Narrow range of commodities hauled
• Routes out and back or loop
• Mix of under 300 mile routes- especially on fleets
• Stable quarterly mileage under 25,000 miles per truck
• Minimal IFTA miles in states with major metro areas outside 500 miles
Short Haul within 100 or 300 miles
• Single type commodity hauled
• Routes out and back within the region
• Stable quarterly mileage under 20,000 miles per truck
• Drivers not heavily involved in loading or unloading
Maxumized Coverage Endorsement
Available of 1unit Owner Operators who purchase Auto Liability, Physical Damage, and Motor
Truck Cargo
• Hired Auto Liability, Hired Auto Coverage Non owned Liability
• Rental Reimbursement ($250 per day for 30 days)
• Increased Cargo Coverage
Coverage Plus
• Additional Insured coverage may be added without an Additional Premium charge
• Package Policy including Liability, Physical Damage and Cargo coverages
• Combined Deductible for cargo & physical damage
• Installment plans offered
• Continuous Policy Available
Liability Coverage Up to $1million Liability Limits
• Broadened Pollution Coverage available at no extra cost
• For owner operators, coverage is based on lease agreements as opposed to authority
based coverage. Insurance responds to the way the insureds' business is run
Physical Damage Coverage
• Substitute vehicles temporarily replacing covered power unit that may be down for
service or repair is automatically covered
• Towing coverage provided at no charge and payable outside the limit of insurance
• Competitive pricing especially at higher deductibles
Broadened Cargo Coverage up to $200,000 limits
• Cargo is on Special Form Only
• Defense costs are payable outside the limit of insurance
• Earned Freight charges covered up to $10,000 and is additional to the limit of insurance
• Debris Removal expense covered up to $25,000 and is in addition to the limit of
insurance
• Refer breakdown included at no extra charge
• Coverage extended to include losses incurred while Loading & Unloading
• Claim Mitigation costs covered up to $5,000 and are in addition to the limit of insurance
• No co insurance penalties
Tips for Maxum Quotes
Target: 1-25 unit account
WELL-RUN BUSINESS – operating 2 + years hauling same commodities, ideally from same shippers.
HAPPY DRIVERS – familiarity with routes as shown by stable quarterly mileage/unit, limited number of
destinations and low turnover percentage
FREIGHT – from shippers or intermediaries providing drivers good revenue per mile & regular loads
EQUIPMENT – power units averaging 10 years old or less. Trailer hauling non-hazardous commodities
Mileage Neutral Values Per Radius Group
Group
Radius
Mileage Neutral
Local
0-100
60,000
Intermediate
101-300
80,000
Regional Long Haul
301-500
95,000
Limited Long Haul
501-1,000
110,000
Unlimited Long Haul
Over 1,000
120,000
Maxum rates are developed by comparing actual insured mileage versus mileage neutral.
Operational
Historically well-run
& no changes to operation
High % contract hauls
From long-term shippers
Fixed & regular route(s)
Revenue/mile above
Average
Qualitative
Equipment – PU Avg Age
Driver – Age & Experience
Turnover (excl growth)
A-B-C Grading System
A-Grade
B-Grade
Same route / miles
Minor changes OK
C-Grade
Changing
Over 90% of hauls
Some
Minimal
Out & back or loop
Over $1.35
Out or controlled
$1.05 - $1.35
Minimal
Under $1.05
A-Grade
Generally newer
Most over 32 & 6
Low (under 35%)
B-Grade
7-12 years
Some under 32 & 6
Moderate
C-Grade
Over 12 yrs
Young/Inexp.
High (50% + )
Argonaut / Colony Insurance
The Colony Group operates primarily on a non-admitted basis in 50 states, the District of
Columbia, and the U.S. Virgin Islands. The Group writes commercial excess and surplus lines
and specialty business through wholesale general agents. The Colony Group consists of
Argonaut Midwest, Colony, Colony National, & Colony Insurance Company
All members of The Colony Group carry policyholder rating of “A” (Excellent) by A.M. Best.
Garage Division
Dealers involved in the selling or servicing of “autos”, new or used.
Service operations engaged in repairing, towing, servicing, salvaging and valet parking of “autos”.
Wrecker, On-Hook, & Garage keepers Coverage’s
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Wrecker used by an auto dealer (our most competitive price).
Wrecker used by a service operation.
Wrecker used in a repossession operation.
Wrecker For Hire (may or may not be in conjunction with an auto dealer or service
operation).
We also offer:
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Garagekeepers and On-Hook coverage’s that can be written on the same policy as
your wreckers.
Garagekeepers and On-Hook coverage’s on a mono-line basis.
Garagekeepers and On-Hook on a legal liability or direct basis.
Wrecker coverage can be written on a Business Auto Policy or a Truckers Policy.
Typical Accounts Written
Body Shop
Used Auto Sales
Tow Trucks
General Repair Shops
Valet Service
Radiator Shops
Mobile Detailer
Heavy Vehicle Repair
Tire Shop
Please visit our website for applications at www.interstaterisk.com
The Lloyd's Market
Lloyd's is the world's leading specialist insurance market, home to 46 managing agents and 66
syndicates, which offer an unrivalled concentration of specialist underwriting expertise and talent.
Lloyd's is the world's best known - but probably least understood - insurance brand. This is
because Lloyd's is not an insurance company but a society of members, both corporate and
individual, who underwrite in syndicates on whose behalf professional underwriters accept risk.
Supporting capital is provided by investment institutions, specialist investors, international
insurance companies and individuals.
Lloyd's brokers bring business to the market. The risks placed with underwriters originate from
clients and other brokers and intermediaries all over the world. Together, the syndicates
underwriting at Lloyd's form one of the world's largest commercial insurers and a leading
reinsurer.
The market structure encourages innovation, speed and better value, making it attractive to
policyholders and participants alike. Immediate access to decision-makers means that answers
on whether a risk can be placed are made quickly, enabling the broker to provide fast, good value
solutions.
Products offered.
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Illinois Auto Physical Damage
Illinois Dealers Open Lot
Illinois Garagekeepers Legal Liability
Illinois Motor Truck Cargo
Auto Physical Damage Guidelines
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Maximum Values: $125,000 any one power unit; $175,000 any one combination unit
Maximum any one loss: $1,000,000
Mechanical Inspection required on all units over 15 years old
Dealers Open Lot Guidelines
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Minimum in business: 1 year with good loss history
Protected lot or building
One furnished auto for either owner/spouse of salesperson—additional available subject
to underwriting
Average Exposure equals limit
Coverages: $75,000 any one unit/$500,000 any one loss for specified cause of loss and
collision
Garagekeepers Guidelines
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Minimum in business: 1 year with good loss history
Protected lot or building
Average Exposure equals limit
Coverages: $75,000 any one unit/$500,000 any one loss for specified cause of loss and
collision
Markel Corporation
As a member of the Markel North American Insurance Group, Essex Insurance Company enjoys
solid financial ratings. The group's strong business position, strong capital and consistent
operating performance are factored into the rating agencies' analyses. Essex in particular has
enjoyed extremely profitable results during its history and has a reputation of flexibility, creativity
and solid agency relationships.
Essex is rated A (Excellent) by A.M. Best and carries a Duff & Phelps rating of A+ for claims
paying ability.
Motor Truck Cargo
Whether you need local or continental United States coverage, Markel can handle it. Auto
transport, equipment, livestock, mobile homes, locale, while on wreckers, goosenecks, lo boys,
tankers, hoppers – you name it! If a truck can haul it, Markel can insure it – from 1 to 25 units
with all U.S. filings available. Let Markel carry your next load.
Included Classes:
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Trip Transit
Contingent Motor Truck Cargo
Excess Motor Truck Cargo: in excess of $100,000
Other Information:
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Limits on Contingent Motor Truck Cargo - - $100,000 or higher negotiable
Excess Cargo includes all loads: one contractor or individual trips
Available limits up to $250,000 depending on commodity
No Excess Motor Truck Cargo on contingent motor truck cargo
Coverage not available for household goods moving and storage
Special Transportation
Coverages & Target Classes
• Physical damage Coverage for Trucking, Public, and Specialty type vehicles
• Dump trucks, coal haulers, tow trucks, local & long haul (common & contract haulers)
• Driver training autos, bloodmobiles, non-emergency medivans, race cars, high value autos
• Taxicabs, limousines, charter buses, trolley buses, day care center vans
• Collision, comprehensive or specified perils coverage offered
Dealer’s Open Lot & Garagekeeper’s Legal Liability
• Physical damage coverage to vehicles held for sale or in the insured’s care, custody, or control
• Used car and truck dealers
• Motorcycle dealers
• Mobile home, RV, and trailer dealers
• Repair shops, repo operations, oil change operations, mobile operations, valet parking
• Collision, comprehensive, or specified perils, legal liability or direct primary coverage offered
Maximum Limits of Liability $5,000,000
Minimum Premium $1,000
Great American Insurance Company
Great American's roots go back to the 1800's with the founding of Great American Insurance
Company in 1872, based in New York City. Today, Great American Insurance Group, owned by
American Financial Group, is engaged primarily in specialty property and casualty insurance
businesses. Great American Insurance Co. has maintained a financial strength rating of A or
better from A.M. Best Co. since 1908
Motor Truck Cargo
Coverages
• Legal Liability Coverage
• Earned Freight Charges - $2,500 limit
• Debris Removal - $5,000 limit
• Reloading Expense - $5,000 limit
With All of These Optional Coverages, This Policy is Anything But Basic:
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Spoilage or Freezing Endorsement
Spoilage or freezing loss caused by mechanical or electrical breakdown of refrigeration or
heating equipment is covered by this endorsement, subject to special conditions.
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Non-Owned Container and Trailer Interchange Coverage
Covers loss to intermodal containers including container chassis and trailers not owned
by insured, while in the insured’s custody or control.
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Flat Annual or Monthly Reporting Premium
Smaller truckers prefer the convenience of a flat premium, while larger carriers prefer the
monthly reporter based upon their annual receipts. We can do it either way!
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Other Optional Coverages and Endorsements
Livestock Downgrading Coverage for injury due to covered causes.
Owner’s Goods Extension covers the insured’s goods while in transit.
Pollutant Clean-Up with a $10,000 annual limit.
Regulatory Compliance Coverage for those who self-insure cargo loss.
Scheduled Vehicles restricts coverage to certain vehicles, allowing flexibility in
determining per vehicle limits.
Specific Perils Coverage at a reduced rate.
Transportation Brokers Liability and Contingent Cargo Coverage designed for the
unique cargo liability exposures of transportation brokers.
Burlington Insurance Group
Burlington Insurance Group, Inc is a subsidiary of IFG Companies, is headquartered in
Burlington, North Carolina and operates primarily through contracted producers. BIG offers a
broad portfolio of insurance products through its Binding Authority Division and its Submit/
Brokerage Division. Admitted and non admitted coverages are provided through First Financial
Insurance Company, The Burlington Insurance Company, Alamance Insurance Company, and
Guilford Insurance Company.
Burlington Insurance Company a subsidiary of IFG Companies is rated A- by A M Best.
Products offered
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Commercial General Liability
Garage Liability
Special Events
Farm Liability
Liquor Liability
Package Property
Inland Marine
General Liability Guidelines
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Up to $1,000,000/$2,000,000 limits
Various deductible options $500, $1000, $2500, or $5000
Medical Payments
Contractual Liability
Hired & Non owned available on most classes up to $1,000,000 limit
Primary & Noncontributory wording available
Waiver of Subrogation available
Property Guidelines
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Authority up to $1,000,000 any one premise TIV $7,500,000 max per policy
ACV & RC offered
For replacement cost on real property, the building must be 25 years old or less
Roofs over 15 years old must be valued at ACV only
Basic, Broad, and Special Form available
Business income and extra expense
Outside sign
Spoilage Coverage
Inland Marine Guidelines
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Contractors Equipment
Installation Floater
Prize Indemnification
Scheduled Property Floater
Authority up to $500,000
ACV only
No Blanket coverage
Top Classes by State
Illinois
Missouri
Arkansas
Restaurants
Truckers
Apartments/Condos
Special Events
Building-Premises
Mercantile
Vacant Land
Dwellings
Vacant Buildings
Restaurants
Apartments/Condos
Truckers
Special Events
Dwellings
Buildings-Premises
Clubs
Mercantile
Warehouse
Restaurants
Mercantile
Truckers
Tree Trimmers
Apartment /Condo
Hotels/Motels
Service Station
Building Premises
Special Events
Farm Liability Guidelines
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Program written in conjunction with Inland Marine Farm machinery & equipment
Coverage can be written on an operating or non operating farms
$1,000,000/ $2,000,000 limits available
$500 PD deductible
Includes $5,000 med pay
Accounts with loss history
Typical account written
Crop production
Honeybee keepers
Nursery & Greenhouse Poultry production
Grove & Orchard
Vineyards
Livestock production
Vegetable & Berry farm
Aquaculture
Liquor Liability Guidelines
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$1,000,000 each common cause limit $1,000,000 Aggregate Limit
$1,000,000 common law coverage
New Ventures
Live Music Venues
Typical Risk Written
New Venture Bars
Convenience Store
Package Liquor Store
Restaurants
Private Clubs
Distributors(wholesale) Hall operators
Live band venue
Special Events
Markel Corporation
As a member of the Markel North American Insurance Group, Essex Insurance Company enjoys
solid financial ratings. The group's strong business position, strong capital and consistent
operating performance are factored into the rating agencies' analyses. Essex in particular has
enjoyed extremely profitable results during its history and has a reputation of flexibility, creativity
and solid agency relationships.
Essex is rated A (Excellent) by A.M. Best and carries a Duff & Phelps rating of A+ for claims
paying ability.
Essex Casualty Department
Types/Classes of business offered and some examples:
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Amusement – Arcades, Ball Pits, Certain Inflatables, Miniature Golf, Kiddie
Rides
Buildings/Premises-Bank/Office/Mercantile/Mfg- Lessors Risk
Care Facilities - Excluding Professional - Adult Homes, Day-Care, Halfway
Houses, Shelters
Consignment Shops
Contractors - Artisan and General (All Classes but Territorial Limitations)
Convenience Stores/Grocery Stores
Dance Halls
Distributors
Excess General Liability
Habitational – Apartment, Hotel/Motel, Rental Dwellings,
Boarding/Rooming Houses, Mobile Home Parks, Homeowners/Condo
Assoc.
Laboratories - Research and Development
Manufacturers - Light to Medium Hazard Manufacturing & Warehousing
Exposures
Manufacturers' Reps'
Mobile Home Parks
Office Buildings, Stores, Rentals
Owners & Contractors Protective (OCP)
Programs - Associations- Niche- Homogenous Groups
Real Estate Development Property/Land
Recreational - Athletics, Camps, Kiddie Rides, Parks, Seasonal Activities,
Special Events, Sporting, and Theaters
Restaurants, Bars, Taverns, Clubs, Caterers
Schools - Trade/Vocational/Career
Vacant Land and Buildings
Warehouses
Wholesale - Retail
Most ISO classifications written
Most of the above classes can be written on a monoline or package basis.
* Average Premium: $3,700
* Limits: up to $5 million occurrence
Markel Corporation
Property Guidelines
Types/ Classes of business offered:
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Vacant Buildings/Dwellings
Restaurants, Bars, and Taverns
Mercantile/Office Buildings
Hotels/Motels
Grocery Stores
Builder’s Risk
Warehouses
Manufacturing/ Machine Shops
Auto Repair
Daycare/Nursing Homes
Apartments
Coverages Offered/Policy Features:
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Basic, Broad, or Special ISO Coverage Forms with some Manuscript Endorsements
where needed
Business Income/Rents
Crime/Theft
Food Spoilage
Combined Property and Equipment Breakdown
Average Account Premium: $1,200
Minimum Premium: $250
Minimum Deductibles: $500 - $1,000
Capacity: Up to $5,000,000 TIV
Inland Marine
Types/ Classes of business offered:
• Accounts Receivable
• Agricultural/Farm Equipment
• Bailee Coverage
• Builder's Risk - New & Renovation
• EDP
• Equipment: Custom Framing, Dealers, Rental and Sports, Farm,
Contractor's Equipment, including landscapers, paving operations
• Floaters: Exhibition, Installation, Theatrical, Transportation
• Miscellaneous Property Floaters: Vending Machines, Medical Equipment,
Musical Instruments (not personal lines) and Musical Instrument Dealers
• Motor Truck Cargo, including Excess
• Moving & Rigging Floaters
• On Hook for Wrecker Services
• Trip Transit
• Valuable Papers and Records
• Warehouseman's Legal Liability
• MRI Machines, including Mobile
• Minimum Premium: $1,000.00
• Capacity: $5,000,000 any one item or occurrence
Markel Corporation
Ocean Marine Guidelines
Waterfront Packages Including:
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Commercial General Liability Including Products Liability
Commercial Property
Dock Physical Damage
Tools
Inland Marine Equipment
Hull Physical Damage
Protection and Indemnity (P&I)
Marine Builder's Risks
Boat Dealer Inventory
Marine Liability
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Marina Operator's Legal Liability
Ship Repairer's Legal Liability
Wharfinger's Legal Liability
Stevedore's Legal Liability
Charterer's Legal Liability
Types of Business Written:
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Marinas - Moorage, Storage, Repair, Fueling, Hauling, Campgrounds, Restaurants,
Pools, Stores
Boat Dealers - Boat Demonstrations and Inventory on New, Used, and
Consignment: Boats, Jet Skis, ATV, Snowmobile, Recreation Equipment
Marine Artisans - Detailing, Painting, Engine, Fiberglass, Canvas
Marine Contractors - Dock, Bulkhead, Seawall, Rip-Rap, Dredging
Boat or Marine Product Manufacturers - Construction, Trials/Testing - liability
and physical damage
Cargo - Overseas Shipments by Vessel or Air, Importers, Exporters, Single
Shipments, Open Policies, Overseas Exhibition
Marine Service Industry - Surveyors, Consultants, Architects
Boats - Operating or Port Risk - Excursion Boats, Fishing Guides, Dinner
Marine Special Events - Boat Parades, Poker Runs, Fireworks Barges
Shipyards - Vessel Repair
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Stevedores - Vessel Loading/Unloading
Wharf/Dock Owners - Vessel Tie-Up
Excess Liability
Difficult to Place Marine Risks - Waterborne Contractor's Equipment, Floating
Restaurants, Miscellaneous Property Outside of the U.S.
Minimum Premium - varies by class, but no less than $500
Capacity - $5,000,000
Markel Corporation
Professional Guidelines/Products Liability
Types of Business Written
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Architects & Engineers
Data Breach: Liability coverage for identity theft, breach of privacy, failure to protect
confidential client data, transmission of spyware, viruses and other malicious code.
Allied Medical: Assisted Living Facilities, Healthcare Staffing Services
Miscellaneous E & O: inspectors, translators, consultants, and many more classes
Medical Legal & Medical Malpractice
Tenant Discrimination
IT Professional
Non-Profit D & O
Products Liability
Markel Corporation
Miscellaneous E & O
Coverages
• Coverage applies to claims arising from negligent acts, errors, omissions, or
personal injuries in the performance of professional services
• Pay-on-behalf basis with the insurer having the duty to defend
• 1, 2 and 3 year bilateral extended reporting period options
• Supplementary payments section responding to disciplinary proceedings related to
professional services
• Coverage includes a provision to trigger coverage for an incident likely to result in a
claim when reported in accordance with the discovery provision
• Data piracy and security coverage
• Maximum Limits of Liability: $5,000,000 – Minimum Premium: $1,850
Target Classes
• Target classes include most knowledge based services; work done “with the head
instead of the hands”
• Consultants – managerial, marketing, security
• Inspectors – home, insurance, safety
• Property services – real estate agents, property managers, title services
• Scientific services, insurance support services, and office/clerical services
Product Line
Maximum Limits of Liability
Architects & Engineers
Brokerage Casualty
Brokerage Property
Builder’s Risk
CAT Property - Quake & Fire
CAT Property - Wind
Contractor’s P&C
Data Privacy & Security
Environmental Liability
EPLI
Excess & Umbrella
Information Technology E&O
Inland Marine
Insurance Agents & Brokers
Lawyers
Medical Malpractice
Miscellaneous E&O
Nonprofit D&O
Ocean Marine
Products Liability
Public Entity
Railroad - first party
Railroad - third party
Special Transportation
Specified Medical
Taxicab Liability
Tenant Discrimination
$5,000,000
$5,000,000
$20,000,000
$25,000,000
$10,000,000
$5,000,000
$10,000,000
$5,000,000
$10,000,000
$5,000,000
$10,000,000
$5,000,000
$5,000,000
$5,000,000
$5,000,000
$2,000,000
$5,000,000
$5,000,000
$5,000,000
$5,000,000
$10,000,000
$10,000,000
$25,000,000
$5,000,000
$5,000,000
$1,000,000
$5,000,000
Minimum Premium
$5,000
$5,000
$5,000
$1,500
$7,500
$7,500
Varies by class
$2,000
$4,000
$1,000
$1,000
$1,850
$750
$10,000
$5,000
$5,000
$1,850
$1,200
$500
$3,500
None
$2,500
$7,500
$1,000
$2,500
$5,000
$2,000of
Markel Corporation
Data Privacy & Security
Data Breach for Healthcare Facilities and Providers
Since the introduction of HIPAA regulations in 1999, increased attention has been paid to the
care and keeping of medical records. Security for all data, both paper and electronic, has been
an evolving issue that becomes more complex as we move further into a paperless age. Storage
and processing of Protected Health Information, credit/debit card and electronic check payments,
Social Security numbers, employee data, and health insurance claim submissions all
present opportunities for data breaches.
Despite developing safe recordkeeping practices, adherance to these practices and precautions
does not guarantee avoidance of incidents resulting from human behavior. In fact, reports
indicate that 6,093,661 medical records were compromised between September 1, 2006 and
September 1, 2008. (data from www.etiolated.org) What’s worse, general liability policies do not
cover most of these situations.
Classes We Consider
• Blood center
• Medical Screening
Service
• Clinics
• Rural Acute Care
Hospital
• Laboratory
• Physician
Practices
• Medical Billing
• Telemedicine
Practice
• Electronic Medical
Records
Assess the Risk Reality
• Does the company use portable “jump”
or “thumb” drives to transport files and
information?
• Is every business laptop encrypted?
• Are backup tapes used and carried offsite?
• Does the emerging threat of healthcare
benefits fraud pose a risk to the business?
• Does the business owner realize that,
although employees’ access to sensitive
data may be monitored, the way they use
that data is impossible to control?
• Has anyone in the business ever been
asked to give out their password over the
phone to diagnose a technical problem?
• Does the business use the services of
third parties for data storage, IT systems
support or management, collections,
processing medical claims, or teleradiology?
What Does DataBreachSM Offer?
• Regulatory defense with no sub-limit
• Coverage includes liabilities arising from
the theft or loss of paper records
• Vicarious liability for data entrusted to
Business Associates or other third parties
(by endorsement)
• Liability from identity theft, including
medical identity theft
• Media coverage for information on the
business website, including whitepapers
and content
• Recovery costs and extra expenses due
to unauthorized access to data systems
• Punitive damages (when insurable by law)
• Claims-made form
• Claim team dedicated to medical and
allied healthcare professionals
• Coverage through an insurance partner
with a stable history in the healthcare line
• Limits up to $5 million
• Supplementary payments coverage in
addition to the limits, and not subject to
the deductible, is available for compliance
with security breach notice laws, voluntary
credit monitoring, and public relations
expenses
Markel Corporation
Brokerage Property
This Brokerage product line entertains non-standard, surplus lines property
business. We approach monoline property business on a participating,
primary, or excess of loss basis.
Coverages
Property
• Building Business Personal Property
• Business Income/Extra Expense
Standard ISO Coverage Forms
• Equipment Breakdown Option
Target Classes
• Target middle market accounts in many classes
• Habitational: garden and midrise apartments, mixed occupancy,
rental dwelling schedules, hotels and motels
• Real Estate: shopping centers, offices, vacant properties,
restaurants, warehousing
• Vacants
• Chapter 11
• Debtor In Possession
• Forced Placed
• Bars and Restaurants
• Manufacturing
• AOP Deductible Buybacks
• Aluminum Wiring
• Risks with Prior Large Losses
• Undervalued Property
• New Ventures
• Light manufacturing – typically metals based
• Other “unusual” risks
• X-wind coastal business
Maximum Limits of Liability $20,000,000
Markel Corporation
Specified Medical
Healthcare Staffing Services
Coverage Options
• Professional Liability only
• Professional/General Liability
• Medical Director included
• Coverage is available for nurses, certified assistants, therapists and social services. Also
available to
home health aides providing services in clients’ homes, long-term care facilities and hospitals.
• Prior Acts coverage is available
Risk Examples
• Home healthcare with low risk. Retro inception.
Limits: $1,000,000/$3,000,000. Deductible: $2,500. Premium: $3,500.
• Home care agency with $170,000 in revenue. No prior claims.
• Home healthcare with nurse staffing services. Revenue of $450,000.
• Healthcare facility in-home for aging seniors with no prior claims. Retro inception.
• Temporary staffing of medical professionals. Revenue of $700,000.
• Staffing agency for nurses and therapists.
Limits: $250,000/$750,000. Deductible: $2,500. Premium: $2,500.
• Nurse registry.
Tips on Reviewing Healthcare Staffing Risks
• Risks staffing only home health assistants or other non-medical personnel are not eligible for
coverage. This is a general liability exposure only, as no professional services are being
rendered.
• Service location matters. An organization may send medical professionals to several settings
including hospitals, long-term care facilities, and a patient’s home.
• The estimated number of professional staff and billable hours should make sense. A full-time
employee works about 2,000 hours on an annual basis. Therefore, a risk showing 10 full-time
employees with only 1,000 billable hours will induce questions and slow down the quoting
process.
Markel Corporation
Specified Medical
Assisted Living Facilites
Coverage Options
Claims Made Professional Liability / Claims Made General Liability available limits:
• Maximum per claim or per occurrence limits are $1,000,000.
• Maximum policy aggregate available for multi-location exposures is $10,000,000;
minimum deductible is $10,000.
• Claim defense erodes the limit of liability.
• Prior acts is available.
• Sexual abuse sub-limit is available on a buyback basis.
• Medical director(s) are covered for administrative services.
• Punitive damages are excluded except where required to be covered by state law.
Risk Examples
• Christian Science nursing/assisted living facility. Limits: $1,000,000/$1,000,000/$3,000,000.
PL/GL coverage. Deductible: $5,000. Premium: $38,000 with prior acts.
• Assisted living and conjugate living facility. Limits: $1,000,000/$1,000,000/$3,000,000.
PL/GL coverage. Deductible: $5,000. Premium: $35,000, with prior acts.
• Assisted living “rest home”; one claim. Limits: $500,000/$500,000/$500,000. PL/GL coverage.
Deductible: $5,000. Premium: $45,000 with prior acts.
• Multi-location/multi-site assisted living facility operation. Limits: $1,000,000/$3,000,000.
PL/GL coverage. Deductible: $100,000. Premium: $650,000 with prior acts.
What is Assisted Living?
• According to the National Center for Assisted Living (NCAL), assisted living is defined
as a long term care alternative for seniors who need more assistance than is available in a
retirement community, but who do not require the heavy medical and nursing care provided
in a nursing facility.
• Assisted living services can be provided in freestanding facilities, on a campus with skilled
nursing facilities or hospitals, as components of continuing care retirement communities,
or at independent housing complexes.
• Assisted living residences are not defined or regulated by the federal government as are skilled
nursing facilities, but are regulated by state and local governments.
• A study conducted by the National Academy for State Health Policy in 2007 reported 38,373
licensed assisted living residences nationwide.
Tips on Reviewing Assisted Living Accounts
• What professional staff does the risk maintain? If the facility has a lot of medical
professionals, the risk could be a skilled care facility. A copy of the facility’s license will
resolve any questions.
• A mandatory risk assessment is required for underwriting. The assessment must be performed
within a specified period of time by an organization approved for this purpose.
• In addition to the application for long-term care facilities, we require a copy of the
facility’s most recent state survey, current financials, and currently valued company loss
runs confirming claim experience for at least seven years.
The Lloyd's Market
Lloyd's is the world's leading specialist insurance market, home to 46 managing agents and 66
syndicates, which offer an unrivalled concentration of specialist underwriting expertise and talent.
Lloyd's is the world's best known - but probably least understood - insurance brand. This is
because Lloyd's is not an insurance company but a society of members, both corporate and
individual, who underwrite in syndicates on whose behalf professional underwriters accept risk.
Supporting capital is provided by investment institutions, specialist investors, international
insurance companies and individuals.
Lloyd's brokers bring business to the market. The risks placed with underwriters originate from
clients and other brokers and intermediaries all over the world. Together, the syndicates
underwriting at Lloyd's form one of the world's largest commercial insurers and a leading
reinsurer.
The market structure encourages innovation, speed and better value, making it attractive to
policyholders and participants alike. Immediate access to decision-makers means that answers
on whether a risk can be placed are made quickly, enabling the broker to provide fast, good value
solutions.
Products offered.
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Illinois Liquor Liability Commercial Package Policy
Illinois Mono line Liquor Liability
Mono line Property contract Illinois, Missouri, Arkansas, Indiana, & Iowa authority
Mono line Earthquake contract
Lloyds Open Market facility
Liquor Package Guidelines
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Liquor Liability Coverage Part $1,000,000 CSL, $1,000,000 each cause, $1,000,000
aggregate
GL limits $1,000,000/ $2,000,000
Common Law coverage
Property Coverage Limits $500,000 any one risk
All Risk Coverage including theft
Business Income including extra income
$250 minimum deductible
Replacement Cost Coverage available
Outdoor signs, TV antenna
Food Spoilage
Glass
Mine Subsidence
Earthquake
Hired & Non owned Auto
Crime coverage Forms E,Q,C
Commercial Inland Marine Coverage A/R, Valuable Papers
Excludes Assault & Battery
Accepts New business & adverse loss history accounts
Typical classes Written
Neighborhood Taverns
Restaurants/w entertainment
American Legion Posts
New Ventures
Taverns/w entertainment
Large Taverns
Restaurants
Halls
Gentleman’s Clubs
Monoline Liquor Liability Guidelines
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Liquor Liability Coverage Part $1,000,000 CSL, $1,000,000each cause, $1,000,000
aggregate
Common Law Coverage available
Very Broad risk appetite
Typical class written
Taverns
Special Events
Casinos
Restaurants
Halls
Gentleman’s Clubs
Package Liquor Stores
American Legions
Distributors
Monoline Property Contract
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Property Limits up to $1,000,000
Excess Mine Subsidence
All protection classes
Very competitive rates
Large Inland Marine Schedules up to $1,000,000
Replacement Cost, Actual Cash Value, Market Value, Agreed amount valuation available
Many Deductibles to choose from $250 to $10,000
Monoline Earthquake Limits up to $1,000,000
Typical class written
Auto Garage
Gentleman’s Clubs
Taverns
Vacant Buildings
Warehouse
Body Shops
Hotels/Motels
Gas Station
Lloyds Open Market Facility
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Very large hard to place risks.
Large Schedules of Inland Marine coverage’s over $1,000,000.
Typical Open Market Account $25,000,000 frame building in PC 10, Large Logging
equipment schedule. Hull coverage on Floating Casino. $200,000,000 of meals ready to eat
for Federal Government. Very Large Builders Risks,
Maxum Indemnity Insurance Company
Maxum Specialty Insurance Group underwrites excess & surplus lines property and casualty
insurance products for buyers with unique insurance needs through Maxum Indemnity Company,
a non admitted insurer approved in most states and admitted in Delaware. The Group also
underwrites specialty insurance products such as Truck insurance through Maxum Casualty
Insurance Company, an admitted insurer in select states. Products offerings are sold exclusively
through a limited number of wholesale brokers and general agents that share a similar level of
customer focus and product niche expertise.
Maxum Indemnity Company has an AM Best rating of A-VII. Maxum Casualty Insurance
Company has an AM Best rating of A-VII.
Products offered
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Commercial General Liability
Commercial Automobile
Special Event Coverage
Professional Liability
Package Property
Inland Marine
General Liability Guidelines
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Up to $2,000,000/$2,000,000 limits
Various deductible options $500, $1000, $2500, or $5000
Medical Payments
Contractual Liability
Hired & Non owned available on most classes up to $1,000,000 limit
Primary & Noncontributory wording available
Waiver of Subrogation available
Top classes written
Adult Day Care
Clubs
Day Care
Guides Outfitters
Haunted Houses
Tanning Salons
Respiratory Therapist
Bars & Taverns
Computer Service
Demolition Contractor
Nurses RN & LPN
Health & Exercise Club
Restaurants
Vacant Buildings
Physical Therapist
Beauty Shops
Counseling
Fitness Center
Pharmacists
Lawn Care Providers
Special Events
Tree Trimmers
Social Workers
Maxum Indemnity Insurance Company
Property Guildelines
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Authority up to $ 750,000 TIV
ACV & RC offered
Replacement cost on real property available for buildings 25 years old or less
Roofs over 15 years old must be valued at ACV only
Basic, Broad, and Special Form available
Business income and extra expense
Outside sign
Spoilage Coverage
Inland Marine Guidelines
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Installation Floater
Scheduled Property Floater
Authority up to $500,000
ACV only
No Blanket coverage
Professional Liability Guidelines
• Written in conjunction with General Liability
• Target classes not typically written through large Professional Liability Carriers
• Occurrence Form
Typical classes written
Abused Child Shelter
Artificial Limb Fitter
Barber Shop
Dance Studios
Fitness Center
Nutritionist
Pharmacist
Social Worker
Therapist- Massage
Adult Day Care
Animal Training
Battered Women Shelter
Day Care Center
Manicurist
Occupational Therapy
Physical Therapist
Tanning Salons
Therapist- Occupation
Animal Groomers
Audiologist
Beauty Schools
Dietician
Nurses RN LPN
Optometrist
Private Investigator
Teen Runaway Shelter
Therapist- Respiratory
Along with the listed classes, Maxum offers access to hundreds more classes of business.
Great American's roots go back to the 1800's with the founding of Great American Insurance
Company in 1872, based in New York City. Today, Great American Insurance Group, owned by
American Financial Group, is engaged primarily in specialty property and casualty insurance
businesses. Great American Insurance Co. has maintained a financial strength rating of A or
better from A.M. Best Co. since 1908
Contractors Equipment Coverage
Coverage: Owned and long-term leased equipment
Scheduled form
New acquisitions up to $250,000
for 30 days
OR
Annual Automatic Acquisition form to
minimize chance of uninsured loss; No
coinsurance on newly acquired equipment
Additional Coverages:
Debris Removal: 25% up to $25,000
Pollutant Clean up: $10,000 Annual
Fire Dept. Service Charge: $2,500 Crime Reward: $1,000
Optional Coverages:
Valuation Options
• Actual Cash Value
• Replacement Cost (up to 10 years old)
• Stated Amount
• Partial loss < 20% Elimination of depreciation
Equipment Leased/Rented from others
No coinsurance penalty applies
Equipment Borrowed from Others
Separate limits and deductibles apply
Equipment Leased/Rented to Others
Contingent Coverage
Fills gaps in other required insurance
Rental Expense of Substitute Equipment To continue operations
Loss of Business Income and
Extra Income
Replaces lost income from key items
Plus Endorsement
Covers six incidental loss exposures
Lifts Exceeding Equipment Capacity
Expanded coverage
While Waterborne
Expanded coverage
While Underground
Expanded coverage
Employee Tools
Covered at jobsite and in transit
Builder’s Risk Plus Coverage
Eligibility
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At least 1 year in business and no prior bankruptcy
Past 3 years loss ratio < 40%;
Public Fire Protection Class 1 through 8 only
Other restrictions may apply – contact your underwriter.
Optional Coverage
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General Building Contractors Plus Endorsement
Flood (Site outside the 500 year floodplain only)
Earthquake (Low hazard locations only)
Inflation Protection $100,000 limit
Plans and Records $5,000 limit
Equipment Breakdown
Specialty Workers Compensation
Specialty Workers’ Compensation through IRP gives brokers access to a comprehensive menu of
features and benefits, giving insurance brokers the power to configure guaranteed workers’
compensation programs to meet their clients' needs.
Customer Profile
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Small to mid-sized companies with premiums from $5,000 to $130,000
Mods up to 1.80
Companies in most industries are eligible, including:
- Business & Consumer Services
- Construction & Engineering
- Education
- Finance, Insurance, and Real Estate
- Hotels & Motels
- Manufacturing
- Retail & Wholesale
- Transportation
Highlights
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Clear, concise, and brief submission process
Instant online rates, quotes, and ordering
Multi-state capabilities
Services
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Website access to the to find a medical provider, obtain loss runs, report claims online,
and much more
Access to online loss prevention and risk management tools which allows policyholders to
proactively manage their risk
Claim service built on specialization of staff, field and telephonic case management, return
to work programs, and aggressive fraud investigation and litigation
Full payment and diverse payment plan options are available to qualifying accounts
Direct billing of insured
Submission Requirements
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Completed and signed ACORD Application with Employer’s Federal Employer
Identification Number (FEIN)
Applicable experience rating data
Three years plus current year loss runs
Financial Strength
Workers Compensation markets utilized by IRP are among the most financially sound in the
industry.