Liability Long Term Care Facilities
Nuts & Bolts: Houston-based London American Risk Specialists Inc. is offering CareSurance, liability insurance for skilled, assisted and independent long term care facilities. The CareSurance 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’ E&O
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, Mass., N.Y., and Washington. (Awaiting approval in those states.)
Contact: Chuck Brady, 866-287-8031 or e-mail ProLiab@arrowheadGrp.com.
Designers’ BOP
Nuts & Bolts: Victor O. Schinnerer & Co. 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, $25,000 for employee dishonesty and $50,000 for computers. The DesignOne program also offers professional, pollution, employment practices and other insurance to architects, engineers, landscape architects, surveyors and specialty construction consultants.
Dollars: Property limit is $9 million; liability, $1 million 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.
Insurance Agents. E&O
Nuts & Bolts: The National Association of Professional Insurance Agents (PIA) announced a new market for insurance agents’ errors and omissions insurance through Lloyd’s of London, utilizing Lighthouse Underwriters LLC (a member company of U.S. Risk Insurance Group Inc.) as the preferred E&S broker. The facility 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 for any size and type of agency, except MGAs and wholesalers.
Dollars: Coverage limits range from $1million/$1million to $5million/$5million
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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