As of Oct. 11, Big "I" Markets has expanded its small commercial market offerings to include additional carriers and coverage areas. The new product lineup includes:
Travelers Select Accounts offers a variety of coverages for small businesses, including a proprietary business owners policy, Master Pac®, workers compensation, commercial auto and commercial umbrella. Travelers offers an array of industry-specific coverage options and extensions and is available in all states except AK, FL, HI, LA, RI and TX.
CNA Small Business
CNA Small Business currently offers a market for a variety of businesses, representing health care, financial institutions, professional services, business services, technology, retail, real estate, wholesalers and manufacturing. CNA can provide BOPs, workers compensation, commercial auto and umbrella, as well as miscellaneous professional liability products. CNA is available in all states except AK and HI.
RLI/CBIC offers accounts in the service, retail, light manufacturing, construction and hospitality sectors. Package and BOP products are available. RLI/CBIC is available in AZ, CA, ID, ND, NM, NV, OR and WA. Mono-line general liability is available in all states with a $2,500 minimum premium.
The above carriers are now submitted under the product name Small Commercial Standard Markets. ACORD applications and three-year loss runs are required.
Small Commercial Excess & Surplus Lines
Gridiron offers more than 350 eligible package classifications designed for small business. Package select business for coastal and non-coastal risks. Gridiron is available in AL, CA, CT, FL, GA, LA, MD, MA, MS, NJ, NY, NC, OR, PA, SC, TX, VA and WA.
To learn more or submit a risk for Gridiron, select Small Commercial Excess and Surplus Lines from the product menu. ACORD applications and three-year loss runs are required.
Small Contractors Market
RLI/CBIC is designed to meet the needs of small to midsize artisan and general contractors who specialize in residential and light commercial projects. RLI/CBIC is available in AZ, CA, ID, MT, ND, NM, NV, OR, TN, TX, WA and WY. It will be available in 13 additional states by the first quarter of 2017.
To learn more or submit a contractor's risk, log in to Big "I" Markets and select Small Contractors Market from the product menu. The CBIC contractor application is located under Product Resources and requires three-year loss runs.
You can submit one ACORD application and select from available standard carriers online. Separate applications are required for the E&S lines and small contractor products.
If you have any questions, contact Big "I" Markets commercial underwriter Tom Spires.