As a local Insurance Agency, we work with a consistent handful of companies, names you're likely familiar with - Mercury, Liberty, Travelers, you get our drift. For one-offs and unique insurance scenarios, those larger companies we work with aren't always the right fit for our clients. That is why we work with Insurance "Wholesalers" who offer us access to companies we wouldn't otherwise work with. Think of them as the grocery store to our peanut butter (because let's face it, most of us don't buy peanut butter straight from our peanut farmer). All this to say! One of our wholesalers is working on the following approaches to address risk associated with COVID-19. Got questions about this? Give us a call!
IN-HOME SERVICES
We would like to acquaint our clients with some of the new and evolving risks that continue to emerge from circumstances created by COVID-19. While some of these risks are related to services that are not necessarily new, it is the venue which we see changing. Altering the venue of a risk can alter the associated exposure(s).
Rest assured that RT Binding’s national team of professionals are on the cutting edge of underwriting trends and are prepared to underwrite these risks so that your insureds are receiving coverage appropriate for the evolving exposures brought about by these challenging times. Below is a sample of classes of business with potentially emerging exposures associated with the ongoing pandemic:
Home Healthcare (basic):
- Housekeeping
- Helping bathe
- Running errands
Home Healthcare (skilled):
- LPN, LVN
- Licensed Therapy:
- Physical
- Speech
- Respiratory
- Occupational
Daycare
Home Schooling (use of professional educators):
- Tutoring / Home Teachers
- Schooling Pods
Coverage Highlights:
- Occurrence based coverage form
- Up to $1,000,000 / $3,000,000 limits with Professional Liability
- Option to add sexual molestation ($1,000,000 / $1,000,000 limits) and HNOA (up to $300k limits)
- Defense outside the limits
- E&O coverage for licensed teachers
- Damage to Premises Rented up to $100k
- Medical payments up to $5k