Insurance Program Results
Nonprofit D&O Demand Builds
New capacity will move into the nonprofit D&O in order to meet demand that promises to build up carrier premium volume, leading to the creation of new programs in the coming months. The improving economy has bolstered charitable and other direct forms of giving, increasing individual account premiums. Anticipate nonprofit D&O to possibly become one of the most profitable D&O segments as the loss environment continues to improve and many nonprofits implement more internal controls and systems due to recent cyber threats and security related issues.
Carriers such as ACE and Argonaut Insurance Co. recently filed new programs across multiple states. ANV Syndicate also launched an MGU for the U.S. market to cover nonprofit organizations, private and select public entities in June. Even with this new capacity, expect Travelers, The Hanover, Chubb, W.R. Berkley’s Monitor Liability and Philadelphia Insurance to remain among the top carriers. Other carriers will revise programs or add endorsements to ramp up competitiveness. Carolina Casualty-backed Monitor Liability Managers, The Hartford, Liberty International Underwriters (LIU) and Travelers revised coverage earlier this year. Western World and U.S. RiskPros launched a revamped form that expands coverage for private and nonprofit organizations D&O on Oct. 1. (11/10/14)
D&O Liability Nonprofit Management Liability
Administered By: Monitor Liability Managers
Distribution: Carrier Direct
| Industries: |
Directors & Officers (D&O), Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Admiral Insurance Co., Carolina Casualty Insurance Co.
Coverage: Directors & Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability
Limits: up to $5 Million (Separate or combined for each coverage)
Flexi Plus Five
Administered By: Philadelphia Insurance
Distribution: Carrier Direct
| Industries: |
Directors & Officers (D&O), Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Philadelphia Insurance Co.
Coverage: Cyber Liability, Directors & Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability, Violent Event Coverage
Limits: up to $15 million
Nonprofit Advantage
Administered By: Hanover Insurance Group
Distribution: Carrier Direct
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Hanover Insurance Co.
Coverage: Crime, Cyber Liability, Directors & Officers (D&O), Employment Practices Liability (EPL), Fidelity, Fiduciary Liability, Kidnap, Ransom & Extortion (KRE)
Limits: up to $10 million
Non-Profit Management Liability
Administered By: Protective Specialty Insurance
Distribution: Carrier Direct
| Industries: |
Directors & Officers (D&O), Nonprofit (Administrators), Nonprofit Organizations, Private Companies |
|---|
Carriers: Protective Insurance Co., Protective Specialty Insurance Co.
Coverage: Directors & Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability
Limits: $1,000,000 - $5,000,000 (Multiple Liability Shared or separate limits available )
Social Services (Non-Profits)
Administered By: ProSight Specialty Insurance
Distribution: Carrier Direct
| Industries: |
Nonprofit (Administrators), Social Services, Social Workers |
|---|
Carriers: ProSight Specialty Insurance Group
Coverage: Abuse & Molestation Liability, Auto Liability , Business Personal Property/Business, D&O: Miscellaneous , Employment Practices Liability (EPL), General Liability, Professional Liability, Special Events, Umbrella/Excess, Workers' Compensation
Limits: up to $50,000 (Crisis Management), up to $1 million (Blanket)
Kidnap, Ranson, Extortion & Detection Coverage
Administered By: HCC Specialty
Distribution: Direct/Broker
| Industries: |
Nonprofit (Administrators) |
|---|
Carriers: U.S. Specialty Insurance Co.
Coverage: Kidnap, Ransom & Extortion (KRE)
Limits: up to $50 million (Primary )
Non-Profit D&O
Administered By: U.S. Risk
Distribution: MGA
| Industries: |
Directors & Officers (D&O), Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Western World Insurance Co.
Coverage: Directors & Officers (D&O), Employment Practices Liability (EPL)
Limits: up to $5 million (Shared or Separate)
Non-Profit Organizations
Administered By: Victor O. Schinnerer
Distribution: MGU
| Industries: |
Directors & Officers (D&O), Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: The Navigators Group Inc.
Coverage: Crime, Directors & Officers (D&O), Employment Practices Liability (EPL), Fiduciary Liability, Kidnap, Ransom & Extortion (KRE)
Limits: $250,000 - $5 million
Not-For-Profit Management Liability Program
Administered By: Hiscox USA
Distribution: Carrier Direct
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Hiscox Insurance Co. Inc.
Coverage: Directors & Officers (D&O), Employment Practices Liability (EPL), Excess, Fiduciary Liability, Legal Liability, Umbrella/Excess
Limits:
Abuse Shelter Insurance
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Alliance of Nonprofits RRG, Capitol Specialty Insurance Corp., Chubb Group of Insurance Cos., United States Liability Ins. Co. (USLI)
Coverage: Abuse & Molestation Liability, Commercial Auto, Directors & Officers (D&O), Employment Practices Liability (EPL), General Liability, Hired & Non-Owned Auto, Professional Liability, Property, Umbrella/Excess
Limits: up to - $5 million (Umbrella), up to - $1 million/$3 million (General Liability, Abuse & Molestation, Professional Liability), up to - $1 million/$2 million (Employee Benefits Liability), up to - $10 million (Directors/Officers Liability with Employment Practice Liability)
Alcoholic Anonymous Insurance
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Alliance of Nonprofits RRG, United States Liability Ins. Co. (USLI)
Coverage: Abuse & Molestation Liability, Commercial Auto, Commercial Property, D&O: Miscellaneous , Employment Practices Liability (EPL), Hired & Non-Owned Auto, Special Events, Umbrella/Excess
Limits: up to - $1/$3 million (General Liability, Abuse & Molestation), up to - $10 million (Umbrella)
Art Gallery (nonprofit)
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Art Galleries/Fine Art/Museums/Antique Dealers, Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: First Nonprofit Insurance Co., United States Liability Ins. Co. (USLI)
Coverage: Abuse & Molestation Liability, Commercial Auto, Directors & Officers (D&O), Employment Practices Liability (EPL), General Liability, Hired & Non-Owned Auto, Inland Marine, Special Events, Umbrella/Excess
Limits: up to - $1 million (Errors & Omissions), up to - $50,000 (Abuse & Molestation at no charge), up to - $5 million (Directors & Officers with EPL), up to - $2 million (General Liability), up to - $5 million (Umbrella)
Boys & Girls Clubs
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Civic Clubs (Nonprofit), Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Alliance of Nonprofits RRG, United States Liability Ins. Co. (USLI)
Coverage: Abuse & Molestation Liability, Commercial Auto, D&O: Miscellaneous , General Liability, Hired & Non-Owned Auto, Professional Liability, Property, Special Events, Umbrella/Excess
Limits: up to - $5 million (Umbrella), up to - $3 million (General Liability, Abuse & Molestation, Professional Liability)
Food Bank
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Alliance of Nonprofits RRG, United States Liability Ins. Co. (USLI)
Coverage: Abuse & Molestation Liability, Commercial Auto, Directors & Officers (D&O), General Liability, Hired & Non-Owned Auto, Professional Liability, Special Events, Umbrella/Excess
Limits:
Foster Care Agency
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Alliance of Nonprofits RRG
Coverage: Abuse & Molestation Liability, Accidental Loss , Commercial Auto, Directors & Officers (D&O), Employment Practices Liability (EPL), General Liability, Hired & Non-Owned Auto, Property, Special Events, Umbrella/Excess
Limits: Call - For Limits
Homeless Shelter Insurance
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations, Shelters |
|---|
Carriers: Alliance of Nonprofits RRG, CapSpecialty, United States Liability Ins. Co. (USLI)
Coverage: Business Personal Property/Business, Commercial Auto, Directors & Officers (D&O), Employment Practices Liability (EPL), General Liability, Hired & Non-Owned Auto, Special Events, Umbrella/Excess
Limits: up to - $10 million (Umbrella), up to - $3 million (General Liability, Abuse & Molestation)
Hospice
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations, Shelters |
|---|
Carriers: Alliance of Nonprofits RRG, CapSpecialty, Chubb Group of Insurance Cos., United States Liability Ins. Co. (USLI)
Coverage: Abuse & Molestation Liability, Commercial Auto, Directors & Officers (D&O), Employment Practices Liability (EPL), General Liability, Hired & Non-Owned Auto, Umbrella/Excess
Limits: up to - $10 million (Directors & Officers with EPL), up to - $3 million (General Liability, Abuse & Molestation), up to - $5 million (Umbrella)
Meals on Wheels
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Alliance of Nonprofits RRG, United States Liability Ins. Co. (USLI)
Coverage: Abuse & Molestation Liability, Accidental Loss , Commercial Auto, Directors & Officers (D&O), Employment Practices Liability (EPL), General Liability, Hired & Non-Owned Auto, Umbrella/Excess
Limits: up to - $5 million (Directors & Officers Liability with Employment Practices Liability), up to - $3 million (General Liability), up to - $10 million (Umbrella)
Music Groups/Orchestra
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Nonprofit (Administrators), Nonprofit Organizations |
|---|
Carriers: Alliance of Nonprofits RRG, United States Liability Ins. Co. (USLI)
Coverage: Abuse & Molestation Liability, Commercial Auto, Directors & Officers (D&O), Employment Practices Liability (EPL), General Liability, Hired & Non-Owned Auto, Inland Marine, Special Events, Umbrella/Excess
Limits: up to - $50,000 (Abuse & Molestation), up to - $5 million (Directors/Officers Liability with Employment Practice Liability), up to - $2 million (General Liability), up to - $1 million ( Errors & Omissions ), up to - $5 million (Umbrella)
Not-For-Profit and Private Company Management Liability Program
Administered By: R-T Specialty
Distribution: Program Administrator
| Industries: |
Nonprofit (Administrators) |
|---|
Carriers: Aspen Group
Coverage: Crime, D&O: Miscellaneous , Employment Practices Liability (EPL), Fiduciary Liability
Limits: