Liability Long Term Care Facilities
Nuts & Bolts: Houston, Texas-based London American Risk Specialists Inc. is offering CareSurance, a liability insurance program for skilled, assisted and independent long term care facilities. The program also includes risk management tools from LTCQ Inc.
Dollars: Limits of up to $5 million per claim and $15 million in the aggregate are available per nursing home; deductibles from $10,000.
Carrier: Rated “A” XV by A.M. Best. Non-admitted.
States: All except Hawaii and Alaska.
Contact: Mike Mullens, 214-373-3936 ext. 206 or mmullens@ LondonAmericanTx.com.
Accountants Errors & Omissions
Nuts & Bolts: Arrowhead General Insurance Agency Inc. offers online quotes on Arrowhead Exchange for its Accountants Errors & Omissions program. The target market is small to medium private accounting firms (1 to 50 professionals), including CPAs, public accountants, enrolled agents, tax preparers, bookkeepers and other accounting professionals.
Dollars: Limits start at $100,000 to $5 million.
Carrier: The Hartford Financial Services Group Inc., and Twin City Fire Insurance Co., rated “A+” by A.M. Best. Admitted.
States: All except, Alaska, Arkansas, Georgia, Hawaii, Kansas, Louisiana, Massachusetts, New York, and Washington. (Waiting for approval in these states.)
Contact: Chuck Brady, president, Professional Liability Division, 866-287-8031 or e-mail ProLiab@arrowheadGrp.com.
New Business Owners Policy
Nuts & Bolts: Victor O. Schinnerer & Company Inc. has an updated Business Owners Policy with broader limits and coverage as part of its DesignOne program. Off-premises coverage may now equal insured’s business personal property limit and a blanket additional endorsement now includes a waiver of subrogation at no additional charge. Limits have been increased to $300,000 for fire legal liability; to $25,000 for employee dishonesty and to $50,000 for computers. The DesignOne program also offers professional, pollution, employment practices and other coverage to architects, engineers, landscape architects, surveyors and specialty construction consultants.
Dollars: Property limit is $9 million; liability, $1 to $2 million.
Carrier: CNA, rated “A-” by A.M. Best. Admitted.
States: All.
Contact: Holly Y. McDade, 301-951-5426 or e-mail: holly.y.mcdade@schinnerer.com or to www.schinnerer.com.
E&O Insurance Agents
Nuts & Bolts: The National Association of Professional Insurance Agents (PIA) announced a new market for insurance agents’ Errors and Omissions insurance through Lloyd’s, London, utilizing Lighthouse Underwriters LLC (a member company of U.S. Risk Insurance Group Inc.) as the preferred E&S broker for this coverage. This facility, established over 10 years ago, utilizes six syndicates for primary coverage and six for excess. In addition to placement through PIA National, applications will also be accepted through many PIA affiliates as well. Applications will be accepted for virtually any size and type of agency with the exception of MGAs and wholesalers.
Dollars: Coverage limits range from $1 million/$1 million to $5 million/$5 million
Carrier: Lloyds of London, rated “A” by A. M. Best. Non-admitted.
States: All.
Contact: Anelda Peters, 703-518-1382 or www.pianet.com/PIAMAINSTREETSTORE/.
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