New Markets
Printers’ Errors & Omissions
Nuts & Bolts: The Hartford’s new printers’ errors and omissions coverage form pays the insured’s legal liability for an economic loss resulting from a negligent act, error or omission in connection with printing services performed by the insured. Printing services errors are usually found in copy (words, pictures), printing (color, placement), assembly and distribution of material.
The basic E & O policy covers the cost to recover work containing errors; the cost to correct the work of subcontractors; the cost incurred to withdraw or inspect work because of known or suspected; deficiencies in the work; and the cost of postage paid, where the postage was properly applied.
Also, the policy offers a “correction of work” coverage which pays for the cost to correct the insured’s errors.
Dollars: $1,000,000 primary/umbrella available up to $25,000,000. Deductible: $1,000/$2,500/$5,000/$10,000.
Carrier: The Hartford for more information
States: All
Contact: Allan Sague, industry practice manager/middle market, (860) 547-6582 or www.hfpinsurance.com.
Biotech & Medical Device Manufacturers
Nuts & Bolts: Venture Insurance Programs offers an all-line program for agents of research and development firms, and pharmaceutical and medical device manufacturers through its Venture Life Sciences program.
Dollars: Minimum premium $25,000; deductible varies; limits varies
Carriers: The program utilizes Chubb Group, Discover Re, The Hartford, OneBeacon and Zurich North America.
States: All.
Contact: Annamarie Keen, director, corporate sales, (800) 282-6247 ext. 278 or email marketing@ventureprograms.com.
Architects & Engineers
Nuts & Bolts: NAS Insurance Services, Inc. offers architects and engineers errors and omissions insurance through qualifying wholesale brokers. The classes included, but are not limited to, architects/building design, civil engineers, construction staking, electrical engineers, HVAC, interior designers (industrial), land surveyors, landscape architects, mechanical engineers, and process engineers.
Dollars: Limits up to $5,000,000; deductible $5,000; minimum premium $5,000
Carrier: Admitted. Rated “A” by A.M. Best. Contact NAS Insurance Services, Inc. for more information.
States: All except Alaska.
Contact: Robert Speak, vice president, NAS Insurance Services, (818) 808-4476 or email rspeak@nasinsurance.com.