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Hcc Specialty Deck 2012
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- 2. HCC Overview HCC Specialty,a division of HCC Insurance Holdings Inc., is comprised of HCC Specialty Underwriters, Inc., Professional Indemnity Agency, Inc., G.B. Kenrick & Associates, Inc. (DBA Kenrick Corporation), InsPro Corporation and HCC Public Risk. 2
- 3. HCC Specialty Our CarriersFinancial Strength: HCC Insurance Holdings and its member companies: • Houston Casualty Company-AM Best A+ (Superior); AA (Very Strong) S&P • Avemco Insurance Company-AM Best A+ (Superior); AA (Very Strong) S&P • U.S. Specialty Insurance Company-AM Best A+ (Superior); AA (Very Strong) S&P • HCC Specialty Insurance Company-AM Best A+ (Superior); AA (Very Strong) S&P 3
- 4. HCC Specialty ProductList Prestige – Athletes, Executives, Entertainers TotalEvent® – Online Quote & Bind System Programs Division • key person disability • weather • lumber products & wood materials • buy sell disability • special event liability • musical instruments • critical asset protection (CAP) • event cancellation • bowling centers • accidental death & dismemberment • prize indemnity (skill only) • permanent total disability Public Risk • temporary total disability Crisis Management – Wealthy Individuals, • general liability • team stop-loss Corporations • public officials liability • contractual bonus • kidnap / ransom, extortion & detention • police professional liability • malicious product tampering / recall • employment practices liability Events • food borne illness – restaurant recovery • medical professional services • event cancellation insurance • employee benefits liability • event weather insurance Employment Practices Liability • cemetery professional • special event liability insurance • employment practices liability for • host liquor liability affinity/franchise groups • auto liability Prize & Promotion • employment practices liability commercial risks • special municipal liability coverages • insta-bond game of chance surety bonds • special events liability • over-redemption insurance Miscellaneous Professional Liability (E&O) • property • promotion agency E&O insurance • miscellaneous professional commercial • umbrella • weather contingent promotions • architects & engineers professional liability • games of chance • environmental consultants & analytical testing Criminal Justice Service Operations • games of skill labs • general liability • professional liability Film/TV Production Package – Studios • weather insurance • film & television production insurance • critical asset protection (CAP) • essential element protection • transmission interruption • contingent buy-back coverage 4
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- 6. Why? 6
- 7. Completing the Picture INCOME 7
- 8. Prestige Disability Insurance Coverage •Disability Insurance • Key Person Insurance • Buy-Sell Insurance • Critical Asset Protection (CAP) • Accidental Death & Dismemberment (AD&D) Sample Risk Classes • Business Owners • Executives • Shareholders • Hedge-fund Managers • Entertainers • Financial Advisors Limits • Up to $100 million in house capacity • 3 year policy periods • 5 year benefit periods 8
- 9. Key Person Insurance Coverage •Key employees are essential to the growth and prosperity of a corporation and their ingenuity cannot be easily replaced • This policy helps to insure the company’s bottom line, provide stability and continue growth while a suitable replacement is found for the disabled key person Sample Risk Classes • Business Owners • Executives • Chairmen • Shareholders • Hedge-fund Managers Limits • Up to $100 million in house capacity 9
- 10. Buy Sell Disability Insurance Coverage • The Buy Sell Disability policy protects the continuity of the business in the event one of the partners becomes disabled. • The policy allows one partner to buy the shares from the disabled partner. Sample Risk Classes • Business Owners • Shareholders • Business Partners Limits • The value of the owner’s shares under the agreement • Up to $100 million in house capacity 10
- 11. Critical Asset Protection(CAP) Coverage • A CAP policy provides coverage in the event of death by any cause. • CAP covers a wide range of perils, including: death from any cause, loss of use of a hand or foot, quadriplegia, loss of limb, paraplegia, brain damage and loss of sight. Sample Risk Classes • Actors • Lawyers • Entertainers • Doctors • Athletes • Scientists • Executives • Politicians Limits • Up to $100 million in house capacity • Policy period is anywhere between one day and up to one year • Policy must be purchased by 3rd party 11
- 12. Sports Disability Coverage • TemporaryTotal Disability (TTD) • Permanent Total Disability (PTD) • Team Stop-Loss • Contractual Bonus Sample Risk Classes • Professional Athletes • Exceptional Collegiate Athletes • Coaches • Teams Limits • Up to $100 million in house capacity • 3 year policy periods • 5 year benefit periods 12
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- 14. TotalEvent® Product Suite Online Quote and Bind HCC Specialty integrated online quoting system Special Event Liability • Bodily injury and property damage coverage for a variety of events including but not limited to: mobile marketing tours, product sampling events, sporting events, fairs, festivals, consumer trade shows and live entertainment events. • We can also provide liability protection on an annual basis for event / meeting planners and short-term or annual coverage for exhibitors. Event Cancellation • Provides protection for tradeshows / conferences / conventions for event expenses or gross revenue against cancellation, abandonment, relocation, postponement for causes beyond the organizer’s control. Prize Indemnity • This product can be used as a promotional tool for consumer promotions and to drive event attendance and visibility. A promotion can create a buzz and draw a crowd – driving early registrations or traffic during an event. • Sporting related contests only are available, including: football, basketball, hockey and golf. Weather • Protects against adverse weather conditions that reduces attendance and revenue. It is designed to offset not only the revenue lost due to reduced attendance but other revenue such as concessions and parking. • Rain is the only peril currently available online. • Golf Tournament Cancellation and Big Day Umbrella are also available online. 14
- 15. Special Event LiabilityInsurance Coverage This coverage is for third party bodily injury and third party property damage that may occur at an event. Sample Risk Classes Animal Shows Exhibitions Picnics Arts & Crafts Festivals Fairs Receptions Auctions Festivals Religious Ceremonies Beauty Pageants Fundraisers Road Races (bicycles, running) Fashion Shows Graduations Seminars Concerts* Luncheons Sporting Events* Consumer Shows Marathons Walk-a-thons Conventions Meetings Weddings Dances Parties * = subject to exclusions Limits Up to $11 million in house capacity 15
- 16. Event Cancellation Coverage Protects revenues& expenses if the insured event should be cancelled, postponed, relocated, curtailed or abandoned due to reasons beyond the control of the organizer, subject to coverage exclusions. Sample Risk Classes • Tradeshows / Conventions • Conferences • Fairs / Festivals • Major Sporting Events • Concerts Limits • Based on the projected gross revenues or expenses of the event • Up to $85 million in house capacity 16
- 17. Weather Insurance Income Stabilization Cost Containment Coverage Coverage A business interruption tool in a simplified format specific to a CC is a tool designed to contain costs associated with abnormal reduction in sales/revenue tied solely to weather. weather conditions; (i.e. snow removal). Sample Risk Classes Sample Risk Classes • Restaurants • Hospitals • Pay-for-Play Golf Course • Schools • Car Washes • Malls Limits • Condo Association/Management companies Limits are based on the expected lost revenue. Limits Limits are based on the extra expenses incurred due to the abnormal weather conditions. Event Weather Weather Contingent Promotions Coverage Coverage Protects against adverse weather conditions that reduce Coverage is designed to stimulate sales for retailers and attendance and revenue. Insurable perils include rain, snow, manufacturers of many products. If a certain weather event occurs temperature, wind, lightning and severe weather. on a predetermined day, consumers receive a full or partial refund Sample Risk Classes on all purchases made during the promotion period. • Sporting events Sample Risk Classes • Fairs/Festivals • Jewelers • Outdoor concerts • Home Furnishings Stores Limits • Auto Dealerships Limits are based on the expected lost revenue or expenses. Limits Based on expected sales 17
- 18. Additional Weather Products Golf Tournament Cancellation Big Day Umbrella Insurance Insurance Coverage Coverage If it rains, snows or particular temperature of a If the golf tournament is cancelled due to preselected amount is reached during the adverse weather conditions within the 12 hours insured hours on the date of the consumer’s leading up to the start time then the policy pays wedding, the policy pays out to the couple. out the pre-determined amount to the insured. Policy Period Policy Period A pre-determined 3 or 6 hour interval during the Date, Start time, Sum Insured and Event afternoon or evening of the wedding. location must be reported at least 7 days prior to the event day in order to qualify. Limits Up to $10 million in house capacity Limits Up to $25,000 in house capacity Premium • Pricing is specific to date, hours and location Premium of claim verification • 3.5% of the amount insured • Minimum premium of $150 • Minimum premium of $150 18
- 19. Prize & PromotionInsurance Coverage Supports integrated marketing campaigns including sweepstakes, games and contests. • Insta-Bond Game of Chance Surety Bonds • Over-Redemption Insurance • Promotion Agency E&O Insurance • Weather Contingent Promotions • Games of Chance – such as dice roll, spin the wheel, match & win, etc. • Games of Skill – such as hole-in-one, half court shot, sporting related promotions, etc. Sample Risk Classes • Integrated Marketing Agencies • Retailers • Restaurants • Athletic Organizations Limits • Up to $10 million in house capacity 19
- 20. Film and TVProduction Insurance Coverage Sample Risk Classes • Extended Pre-production • Film Studios • Cast Insurance • Production Firms • Negative Film and Videotape Insurance • Film Budgets of +$10 million • Faulty Stock, Camera and Processing • Props, Sets and Wardrobe Limits • Miscellaneous Equipment • Up to $100 million in house capacity • Extra Expense • Third Party Property Damage (TPPD) • Post Production Cast Insurance • Office Contents • Commercial Vehicle Physical Damage • Money and Securities 20
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- 22. Kidnap & RansomInsurance Coverage • Kidnap and Ransom – including hijacking and express kidnapping • Extortion Bodily Injury • Detention • Extortion Property Damage – including pollution, contamination, trade secrets and computer virus • Crisis Response – unlimited fees and expenses for Kroll Sample Risk Classes • Expatriates • Executives and Business Owners • Politicians • Entertainers • Athletes Limits • Up to $50 million in house capacity • Worldwide coverage 22
- 23. Malicious Product Tampering Insurance Coverage • Product recall related expenses • Loss of Gross Profit for up to 12 months • Rehabilitation Expenses • Crisis Response / Consultant Expenses including public relations and recall expenses Acceptable Risk Classes • Food and Beverage Industries • Manufacturers • Retailers • Wholesalers • Distributors Limits • Up to $5 million primary limit in house capacity • Up to $10 million excess 23
- 24. Restaurant Recovery Coverage • BusinessInterruption coverage from a covered incident • Accidental Contamination • Crisis Management • Adverse Publicity – including baseless incidents • Brand Rehabilitation Expenses • Recall Costs • Supplier Contamination • Product Extortion – full policy limit • 24 hour crisis hotline Sample Risk Classes • Restaurants • Franchises Limits • Up to $50 million in house capacity 24
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- 26. Employment Practices Liability Coverage • For claims brought by employees against their employers for discrimination, harassment, wrongful termination and any employment related act. • HR Pilot Management Services included at no additional cost to policyholders Available Coverage • Third Party Discrimination and Harassment • Wage and Hour • Immigration Coverage • Punitive Damages • Defense Outside the Limit Sample Risk Classes • Accountants • Architects & Engineers • Auto Dealers • Contractors • Hi-tech • Manufacturers • Non-franchised restaurants • Retailers • Wholesalers / Distributors 26
- 27. Employment Practices Liability AvailableTerms • Retentions as low as $2,500 • Low minimum premiums • Limit options up to $5,000,000 HR Pilot Risk Management Services • Unlimited Telephone Support and Email • State Specific Online Content for All 50 States • Step by Step Procedures for Common HR Issues • An Employee Handbook • Online Training • Monthly Manager Training Bulletins • Podcast / Webcasts • Accountants • Audio Conferences • Employment Law Updates by Email • Toll Free Employee Complaint Hotline Coverage available in all 50 states 27
- 28. Coverage • Protects architects& engineers against claims arising in the performance of their professional services. • Coverage addresses issues such as personal injury, which may involve mental or emotional anguish or distress, false arrest, invasion of privacy, harassment, libel, slander or defamation of character. Sample Risk Classes • Architects & Engineers • Land Surveyors • Geotechnical Engineers • Design & Building Firms • Construction Managers • Environmental Consultants • Testing Laboratories Limits • Up to $5 million in house capacity 28
- 29. Miscellaneous Professional Liability Coverage •Protection for the negligent acts, errors or omissions, or breach of duty committed or alleged to have been committed, or for failure to render professional services. • Policy covers the professional services rendered by the Insured as described in policy declarations. Sample Risk Classes • HCC Specialty will consider many types of risk classes, (see chart). Limits • Up to $5 million in house capacity 29
- 30. MPL Accepted RiskClasses Advertising Agencies Call Centers Field Services Management Consultants Premium Auditors Tax Preparers (non-CPA) Cell Tow er Acquisition Aircraft Brokers Food Service Consultants Marine Surveyors Printers Technology Consultants Consultants Telephone Answ ering Analytical Testing Labs Claims Adjusters Forensic Analysts Market Researchers Process Surveyors Services Property Managers - Appraisals - Machinery Collection Agents Foresters Medical Billing Services Title Agents Commercial Appraisals - Personal Property Managers - Communication Consultants Franchisors Medical Claims Processors Theater Management Property Industrial Property Managers - Appraisals - Real Estate Convention Managers Graphic Designers Meeting Planners Third Party Administrators Residential Mergers & Acquisitions Arbitration Services Court Reporters Home Inspectors Property Tax Consultant Translators Consultants Arborists Custom Brokers Human Resource Consultants Miscellaneous Consultants Public Relations Travel Agents Archeological Consultants Data Processors Insurance Consultants Mortgage Brokers/Bankers Real Estate Brokers Trustees Document Destruction Auctioneers - Estate Insurance Inspection Notaries Records Copying Services Turnaround Management Services Auctioneers - Personal Insurance Premium Finance Drug Testing Services Career Transition Services Right of Way Services Tutoring Services Property Companies Employee Benefits Risk Management Auctioneers - Real Estate Interim Managers Patient Advocate Vessel Documentation Consultants Consultants Billing Services Environmental Consultants Interpreter Photographers Seedsmen Wetlands Delineation Bookkeepers Executive Recruiters Literary Agents Polygraph Examiners Social Security Reps Yacht Brokers Business Services Expert Witnesses Lobbyists Pre-Employment Screening Talent/Sports Agents 30
- 31. Public Risk 31
- 32. Public Risk Insurance MunicipalLiability Property • General Liability • Special Peril Coverage for Buildings • Public Officials Liability and Contents • Police Professional Liability • Blanket Agreed Amount • Employment Practices Liability • Valuable Papers and Records • Medical Professional Services • Extra Expense • Employee Benefits Liability • Glass Coverage • Cemetery Professional • Loss of Rents • Host Liquor Liability • Flood • Auto Liability • Earthquake • Umbrella Liability • Electronic Data Processing • Special Municipal Liability Coverages • Inland Marine for Contractor’s Equipment, • Special Events Liability Rescue Equipment and Misc Special Property Limits • Fire Truck Replacement Cost • Up to $5 million in house capacity • Boiler and Equipment Breakdown • Special Emergency Automobile Equipment Endorsement 32
- 33. Criminal Justice Service Operations Coverage • General Liability • Professional Liability • Property Insurance • Law Enforcement Liability • Med Mal for Prison Physicians • Med Mal for Prison Nurses Sample Risk Classes • Public & Private Prisons & Jails • Adult & Juvenile Boot camps • Community Correction Centers • Other Staff Secure Juvenile Facilities • Pre-Release Centers • Electronic Monitoring Companies • Work Release Centers • Prisoner Transportation Companies • Drug & Alcohol Treatment Centers • Court Ordered Counseling • Restitution Centers • Offender Rehabilitation Classes • Halfway Houses • Probation Services Limits • Up to $5 million in house capacity 33
- 34. Difference in Conditions Coverage •Buildings • Business personal property and/or stock • Loss of business income, rental income or extra expense • Tenant improvements and betterments Sample Risk Classes • Apartment buildings • Homeowners associations • Hotels • Light manufacturing • Office buildings • Retail Limits • Up to $15 million per risk zone other than critical zones of A and B • Up to $10 million in zones A and B 34
- 35. Lumber & WoodProducts Musical Instruments Bowling Centers 35
- 36. Lumber Industry & Wood Products Insurance Coverage Sample Risk Classes • Property • Lumberyards & building materials dealers • General Liability • Furniture, cabinet makers & carpentry shops • Auto • Truss manufacturers • Umbrella • Box and barrel manufacturers • Boiler & Machinery • Sawmills & kilns • Crime, BII and Mobile Equipment • Fence manufacturers • Inland Marine • Planning mills • EPLI • Log homes manufacturers • Pallet manufacturers (new & used) Limits • Plywood, particle, chip of fiber board • Up to $50 million in house capacity • Flooring, door or window manufacturers • Property limits based on property values • Millwork shops • Auto standard limits / combined single limits • Building material dealers of $1 million • Wood treaters • Umbrella limits up to $5 million • Available in all US states; except HI 36
- 37. Musical Instrument Insurance Summary of Coverage • Damage or theft of covered instruments • Business income and extra expense coverage • Borrowed instrument coverage • Newly acquired property coverage • Inflation guard • Replacement instrument coverage Target Insureds • Symphonies • Orchestras • High-end musical instrument owners Standard Limits • Up to $250,000 per instrument • Higher Limits Available 37
- 38. Bowling Center Insurance ASG Bowl, an HCC Specialty underwriting partner, offers comprehensive insurance coverage for bowling centers across the United States. Summary of Coverage • Package policy (general liability / property / equipment breakdown) • Employment practices liability coverage, which offers 24-hour HR-Pilot (our premiere risk management service) • Mono-line general liability for states that do not fit program property guidelines Target Insureds • Bowling lanes / centers Available Limits • Package: $10 million (exceptions may apply) • General liability: $1 million per occurrence / $2 million aggregate • Umbrella / excess liability available upon request • Crime: $25,000 38
- 39. HCC Specialty OfficeLocations Scottsdale, AZ Concord, CA Los Angeles, CA San Diego, CA San Francisco, CA Chicago, IL Wakefield, MA Waltham, MA Auburn Hills, MI Mount Kisco, NY (London, U.K.) 39
- 40. Business Development Team GlennDorr – Sr. Vice President of Prestige gdorr@hcc.com (781) 994 6053 Mark Barry – Sr. Vice President of Sales & Marketing mbarry@hcc.com (781) 994 6251 Gerard Colistra – Agency Development Manager gcolistra@hcc.com (804) 323 6400 x 1124 Nick Coveney – Business Development Associate ncoveney@hcc.com (781) 994 6295 Tracy Lin – Marketing Specialist tlin@hcc.com (781) 994 6157 Melissa Matheson – Manager of Sales & Marketing mmatheson@hcc.com (781) 994 6150 HCC Specialty 401 Edgewater Place, Suite 400, Wakefield, MA 01880 www.hccspecialty.com 40