4/28/09
New Spa Program Initiated At ASI
ASI has teamed up with program manager, Thomco Insurance, to offer a new spa program. It will target medi-spas, day spas, hotel spas, resort spas, club spas, beauty salons, barber shops, teeth whitening facilities, and independent contractors providing such services. Lines of coverage offered will include general liability, professional liability, property & allied lines available through program manager Thomco. Limits are available up to $1,000,000 per occurrence or $2,000,000 aggregate. For more information please contact Monica Clark at (888) 514-3167 or visit their website.
4/23/09
New Professional Liability Program Available
The professional liability program focuses on five specialty areas: Allied Health Care, Social Services, Architects and Engineers, Technology Based Services and Miscellaneous Errors and Omissions. Limits of up to $5,000,000 are available for each segment and comprehensive forms have been specifically developed to provide broad coverage specific to each sector. This program is available through the program manager PGI Commercial. If you would like further information about this facility please contact Rob Keyser at (856) 797-9996 or visit their website.
4/17/09
ASI Launches New Hospitality Program for the Midwest
ASI, along with program manager PGI Commercial, developed a new hospitality program targeting the Midwest. It offers commercial package policies and liquor liability coverage to restaurants, bars, taverns, pubs, retail stores and distributors. It is currently available on admitted basis in Michigan and available on a non-admitted basis in Ohio, Illinois, Indiana, Wisconsin. Limits include:
- $5,000,000 for property
- $100,000 for crime
- $1,000,00 per occurrence and $2,000,000 aggregate for liquor liability
Low minimum premiums are available with a minimum deductible of $1,000. Additional endorsements, such as a hospitality enhancement, are available. This program is offered through program manager PGI Commercial. If you would like further information about this facility please contact Susan Fowler at (248) 528-1155 ext. 201 or visit their website.
2/18/2009
Charity Golf Tournament Raises $60,000.
ASI’s 5th Annual Charity Golf Tournament was a success!! Our goal was to raise $60,000 to split between the two chosen charities, ALS Association and Autism Society of America, and we surpassed it! Thank you to all the sponsors who made this possible and thank you to all of the participants for coming out to show your support.
Our first place team consisted of Larry Howard with ASI, Steve Kay with Capstone Surety, Jason Cromwell with Smith-Manus Agency and Geoffrey Russell with Collins coming in with a 57!! And congratulations to Mitchell Kaplan with Zarwin, Baum, DeVito, Kaplan, Schaer & Toddy Attorneys at Law who took home one week's accomodations and roundtrip airfare to Cabo San Lucas, Mexico.
For a complete list of sponsors, click here.
2/18/2009
Equipment Breakdown Coverage Now Available
ASI’s property underwriting team can now include equipment breakdown coverage on commercial multi-peril and monoline property policies. Standard commercial property policies typically do not cover losses sustained by an insured from equipment breakdown. In fact, property policies specifically exclude mechanical breakdown, electrical arcing or damage due to a surge of electrical power, explosion due to centrifugal force, explosion, cracking, or burning (overheating) of steam boilers or pipes. Uninsured gaps like these could mean big losses to an insured without the appropriate coverage.
Under ASI’s equipment breakdown coverage, electrical, mechanical, air conditioning, and production equipment as well as heating boilers and pressure vessels and key machinery and equipment are covered losses. In the event of an accident or breakdown to equipment, the following are covered:
- Electrical burnout of motors, electrical distribution equipment (circuit breaker box including facility electrical wiring), and emergency generators and transformers.
- Mechanical breakdown of compressors, pumps, fans, blowers, and other machinery.
- Cracking or collapse of air conditioning or refrigeration system vessels, coils, or piping.
- Explosion of steam boilers and steam piping.
- Burning (overheating) of boilers due to insufficient water.
- Cracking of sections in cast iron boilers.
- Bulging, cracking, or collapse of pressure vessels, such as water heaters, compressed air tanks, steam cookers and kettles, expansion tanks, and condensate return tanks.
- The extra cost of expediting repairs.
- Damage to other people's property in your care, custody, or control.
- Losses to property from the release of hazardous substances caused by an accident.
- Business Interruption protection, covering the expenses to get you back on track as soon as possible.
For further details on ASI's insurance solutions for commercial property, click here or contact an underwriter at 732-933-2960.
(8/15/08)
Middletown Office New Location
As of Aug. 29, 2008, ASI's Middletown, NJ office will be located at:
106 Apple St.
Suite 101B
Tinton Falls, NJ 07724-2670
Main Phone: 732-933-2960
Main Fax: 732-933-2961
Toll Free: 866-397-0835
2/18/08
Environmental Insurance Unit Now Offers Workers Comp
Our environmental underwriting unit has partnered with managing general agent AGAI-MGA to provide workers comp for coverage for ASI insureds with an A.M Best "A" rated carrier.
Coverage is available on a monoline basis upon policy renewal or inception for insureds with a pollution liability policy with ASI. States where the program is currently available include: AK, AR, FL, GA, IA, IL, KS, KY, LA, MD, MN, MS, NC, OK, PA, SC, TN, TX, VA and WI.
All submissions should include a completed ACCORD application, three to four years of currently valued loss information, current experience mod, a narrative of operations and a copy of the ASI dec page. Please allow a minimum of 30 days of lead time prior to the desired effective date.
For additional information, please contact Theresa Stout with AGAI-MGA at (888) 393-5071 or via email at tstout@agaimga.com or contact your ASI environmental underwriter.
|