Insurance Program Results
Higher Education: Exposures Abound
Higher education carriers expect their books of business to expand in 2015 as the segment continues to grow organically. Population growth and more people attending or returning to college in the past five years has led to expansion in higher education. Expect more exposures and increased premium volume alongside the creation of new institutions and expansion at current colleges. Additionally, the increased number of young adults in colleges has created a challenging liability environment, especially when it comes to participation in sports, as more resources, time, people and funds have to be devoted to helping clients manage numerous risks.
Expect carriers to also increase premium volume related to an uptick requested limits. An increase in Title IX issues has led to greater demand for higher educators legal liability limits. Insureds have also increased their crime and fidelity and cyber liability limits. There has also an uptick in submissions from trade and vocational schools. Following the recession that began in 2008, many unemployed individuals chose to return to school to learn an in-demand skill or trade to improve their chances of joining or reentering the workforce. (1/12/15)
Beazley Breach Response Select
Administered By: Beazley
Distribution: Direct/Broker
| Industries: |
Accountable Care Organizations (ACOs), Acupuncturist, Allied Health, Art Galleries/Fine Art/Museums/Antique Dealers, Assisted Living Facilities, Chiropractors, Civic Clubs (Nonprofit), Colleges & Universities, Continuing Care Retirement Communities (CCRCs), Day Spas, Dentists, Education & Nonprofit, Emergency Response Services (Ambulance), Gastroenterologist, Health Maintenance Organization (HMO), Healthcare Systems, Hospice, Hospitality (Hotels/Motels), Hospitals, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Independent Living Facilities, Laboratories, Lawyers, Long-Term Care Facilities (LTC), Managed Care Organizations, Massage Therapy/Therapists, Mental Health/Behavioral (Counseling/Counselors), Midwives, Non Emergency Transportation (Medical), Nurse/Staffing Registries, Nursing Homes/Skilled Nursing Facilities, Opticians, Pharmacies, Pharmacists, Physicians, Podiatrists, Private/Charter Schools, Psychiatric Facilities/Hospitals, Psychologists, Rehabilitation Facilities, Research/Research Organizations (Clinical, Etc.), Retail, Schools, Schools (Adult Education), Substance Abuse Rehabilitation Facilities & Services, Surgeons, Therapy/Therapists, Weight Loss Clinics |
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Carriers: Beazley Insurance Co. Inc.
Coverage: Cyber Liability, Excess, Umbrella/Excess
Limits: up to $5 million
Environmental Liability
Administered By: Rockhill Insurance Group
Distribution: Carrier Direct
| Industries: |
Art Galleries/Fine Art/Museums/Antique Dealers, Artisan & Trade Contractors, Colleges & Universities, Consultants/Consulting Risks, Contractors, Environmental Consultants , Farm/Ranch/Agribusiness, Healthcare Systems, Hospitals, Laboratories, Manufacturers/Manufacturing Risks, Mercantile, Museums, Private/Charter Schools, Residential Real Estate (Directors/Managers), Schools, Schools (Adult Education), Sports Facilities, Trucking, Warehouses, Waste/Recycling Services |
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Carriers: Rockhill Insurance Co.
Coverage: Environmental/Pollution Liability, Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $11 million ((Total Combined Capacity)), up to $10 million ((Excess)), $1 million - $10 million ((Primary))
Independent Schools & Tutoring Centers
Administered By: Markel
Distribution: Direct/Broker
| Industries: |
Private/Charter Schools, Schools, Schools (Adult Education), Tutoring Centers |
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Carriers: Markel Corp.
Coverage: Abuse & Molestation Liability, Commercial Auto, Commercial Property, Cyber Liability, General Liability, Professional Liability, Student Accident, Tuition Reimbursement, Umbrella/Excess, Workers' Compensation
Limits: $500,000 - $1 million/$2 million (Educators Legal Liability), up to $1 million (Auto Liability), $500,000 - $1 million/$3 million (General Liability)
Busgard: School Bus Operators
Administered By: Alteris Insurance Services
Distribution: MGU
| Industries: |
Commercial Auto, Commercial Auto (Public Transportation), Private Schools (Deaf & Blind), Private/Charter Schools, School Districts, Schools, Schools (Adult Education), Schools (Vocational) |
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Carriers: Argo Group US Inc.
Coverage: Abuse & Molestation Liability, Contractor's Equipment, Crime, Employment Practices Liability (EPL), Equipment Breakdown, Excess, General Liability, Inland Marine, Property, Umbrella/Excess
Limits: - $1 Million (With $4 Million available under excess. )
ACE Scholastic Advantage® Education Legal Liability
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Colleges & Universities, Private/Charter Schools, Schools, Schools (Adult Education) |
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Carriers: ACE Group
Coverage: Contractual Liability, Excess, Fiduciary Liability, General Liability, Punitive Damages, Umbrella/Excess
Limits: up to $20 million
Defense Base Act Program (DBA)
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Architects & Engineers (A&E), Civil Engineering/Surveyors, Colleges & Universities, Consultants/Consulting Risks, Corporations, Employment Practices, Project Managers, Schools, Schools (Adult Education), Technology Risks |
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Carriers: ACE Group
Coverage: Accident & Health, Accidental Death & Dismemberment, Business Travel Accident, Employment Practices Liability (EPL), Excess, Political Risk/Terrorism, Umbrella/Excess
Limits: up to $1 million (Employer's liability- For DBA coverage), up to $1 million (Repatriation)
Public Entity
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Colleges & Universities, Political Risk (Terrorism/War/General), Private/Charter Schools, Schools, Schools (Adult Education), Workers Compensation |
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Carriers: ACE Group
Coverage: Accident & Health, Commercial Auto, Construction/Builders Risk, Cyber Liability, Employee Benefits Liability, Employment Practices Liability (EPL), Environmental/Pollution Liability, Excess, General Liability, Kidnap, Ransom & Extortion (KRE), Law Enforcement Liability, Professional Liability, Property, Public Officials Liability, School Board Liability, Umbrella/Excess, Workers' Compensation
Limits: $5 million - $10 million (Capacity up to 20 million available.)
Public/Educational Entity Pollution Liability Insurance
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Colleges & Universities, Political Risk (Terrorism/War/General), Private/Charter Schools, Schools, Schools (Adult Education), Utility/Transit/Port/Housing Authorities |
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Carriers: ACE Group
Coverage: Accident & Health, Environmental/Pollution Liability, Excess, Umbrella/Excess
Limits: up to $50 million (Aggregate (inclusive of defense)), up to $50 million (Per Occurrence (inclusive of defense))
Umbrella PlusSM Commercial Umbrella Liability (Mid-Large Cos.)
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Art Galleries/Fine Art/Museums/Antique Dealers, Banks, Broadcasts/Broadcasters (Radio/Television), Colleges & Universities, Directors & Officers (D&O), Financial Institutions, Hospitality (Hotels/Motels), Manufacturers/Manufacturing Risks, Museums, Nonprofit Organizations, Private/Charter Schools, Real Estate Owners, Retail, Schools, Schools (Adult Education) |
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Carriers: ACE Group
Coverage: Directors & Officers (D&O), Environmental/Pollution Liability, Excess, Umbrella/Excess
Limits: up to $25 million
Special Events Liability
Administered By: Gateway Specialty Insurance
Distribution: Direct/Broker
| Industries: |
Colleges & Universities, Events and Event Planners, Nonprofit Organizations, Schools, Schools (Adult Education), Staffing Agencies |
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Carriers: Beazley Insurance Co. Inc., United States Liability Ins. Co. (USLI)
Coverage: Cancellation/Postponement , General Liability, Liquor Liability, Professional Liability, Third-Party Liability, Weather Insurance
Limits: up to $2 Million (CSL ($1 Million per occurrence/$2 Million aggregate))
Specialty Training Operations
Administered By: General Star (Primary & Excess)
Distribution: Carrier Direct
| Industries: |
Schools (Adult Education), Schools (Vocational) |
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Carriers: General Star Indemnity Co., General Star National Insurance Co.
Coverage: E&O, General Liability, Participant Accident, Professional Liability
Limits: up to - $5 million
Umbrella/Excess Liability
Administered By: Arrowhead Group
Distribution: MGA
| Industries: |
Auto Service and Repair, Builders Risk/Home Builders, Colleges & Universities, Commercial Auto, Commercial Real Estate, Commercial Real Estate (Industrial), Commercial Real Estate (Mining/Utilities), Commercial Real Estate (Office), Commercial Real Estate (Retail), Directors & Officers (D&O), Habitational, Hospitality (Hotels/Motels), Manufacturers/Manufacturing Risks, Municipalities/Government Bodies, Private/Charter Schools, Retail, Schools, Schools (Adult Education), Warehouses |
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Carriers: AIG
Coverage: Directors & Officers (D&O), Excess, Umbrella/Excess
Limits: up to $10 million ((Primary)), up to $15 million ((Excess))