Nuts & Bolts:
Victor O. Schinnerer and Company launched SpecialtyOne, an E&O insurance program for management consultants and staffing firms. Target risks for the program include a range of consultants, such as management, marketing, human resource, public relations and market research firms, as well as staffing firms. The SpecialtyOne duty-to-defend policy also features defense coverage against allegations of criminal, dishonest, fraudulent or malicious E&O and an innocent insured provision. Claims will be handled by a third-party administrator specializing in professional liability claims.
Dollars:
Minimum premium is $2,500 and deductibles start at $2,500 for up to $1 million in annual revenue. The policy limit is $5 million.
Carrier:
Brit, a Lloyd’s of London Syndicate, rated “A,” nonadmitted.
States Available:
All except Alaska, Hawaii, Illinois and Kentucky. Coverage will soon be available in Illinois and Kentucky.
Contact:
Mark Wolf, (301) 961-9867, mark.s.wolf@schinnerer.com or Mary Jefferson, (301) 951-9798, mary.l.jefferson@schinnerer.com.
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