Specified Professions
Nuts & Bolts: NIF Group Inc. introduced a new program for specified professions called “Miscellaneous E&O.” The program will be administered by NIF Professional Liability Risk Solutions, a division of NIF Risk Management. NIF Group along with General Star Management Co. will offer this program countrywide, designed for a diverse set of professions including many types of consultants, media related, and real estate classes. The policy is a right and duty to defend form. Personal injury coverage is provided and full prior acts are available. The policy includes an automatic 60-day extended reporting period.
Dollars: A limit of $2 million is available with a minimum $2,500 deductible. Premiums start at $2,500.
Carrier: General Star Management Co. rated “A++ IX” by A.M. Best, nonadmitted.
States Available: All states.
Contact: Ed Velasquez, (908) 508-9696, ext. 16, evelasquez@nifgroup.com or www.nifgroup.com.
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