Since 2006 we have been offering this product on behalf of Beazley. We have the pen for the smaller, clean accounts, and have a daily appointment with the underwriters to discuss the larger/distressed accounts. We can also access a Consortium as an alternative market.
Highlights
- In-house binding authority with exclusive enhancement endorsement
- Minimum premium $3,500
- Minimum retention $15,000
- Limits under our binder - $250,000 to $5,000,000
- Limits under Consortium (led by Beazley) $5,000,000 to $10,000,000
- Additional potential $5,000,000 limit through reinsurance with Gen Re
- Primary and excess cover available, plus excess over GL/package policies that provide a sub-limit
- $250,000 assault and battery sublimit – for Transportation risks only
- New policy form - to be released around mid March, this will include Safeguard reporting increased from 48 hours to 72 hours, EPL exclusion loosened to apply only to the part of a claim which relates to EPL allegations and enhanced Independent Contractor definition
Prevention and response services
- $50,000 first dollar limit for response service fees and expenses which are in addition to the limit with our enhancement endorsement
- Crisis management, legal services, forensic and investigatory support, victim support, government relations and many more
- New prevention service provider – Praesidium - from 1 March 2021, with several new services including discounted background screening in the US
- Dedicated Safeguard risk management website (www.beazleysafeguard.com) available 24 hours/7 days a week
- Coverage available for US and Canadian domiciled risks only
Target industries
- Educational Institutions
- Not-for-profit Organisations
- Religious Institutions
- Transportation Providers
- Healthcare Providers
- Leisure Providers/Facilities
- Companies purchasing due to contractual requirements (especially contractors)
Outside scope
- Foster Care Services, Adoption Agencies and Foster Families
- Staffing
- Gig-economy (e.g. Uber, Airbnb etc.)
- Dating Agencies/Websites
Recent Successes
- County Clubs, in NY and KY – primary $1m
- Real Estate for Affordable Housing for those in need in PA– primary $1m
- Management Services to Behavioral Health and Special Education companies in MD– primary $5m
- Co-educational Private School in CA– excess $3m xs $2m
- Adoption Group Home in PA – excess $4m xs $1m
- Assisted Living in CA – primary $1m and $1m xs $3m
- Contractors in LA and CA – primary $1m
- Non-Emergency Medical Transport in NY – primary $1m
- Childcare in VA – primary $1m
- Healthcare for Mental Illness, Addiction and Disabilities in NJ – excess $5m xs $5m xs $1m/$3m
- Drug and Alcohol Rehabilitation - excess $900k xs $100k/$300k
- Election Tech/Data Company in MO – primary $2m
- Religious Organisation with Childcare in GA – primary $1m
- Healthcare Clinics in GA, CA, MN and CT – primary $1m and $2m
- IT Solutions in CA – primary $1m/$2m
- Beauty Academy in NJ – primary $1m
- Janitor in NC – primary $1m
Claims examples
Not-for-Profit - Social services: settlement of sexual abuse lawsuit brought by a child cared for in boys’ home which led to closure of home
Religious Organisation - Christian sports camp: faced several lawsuits alleging that its former director had abused young male campers
Transportation - School bus: allegations of inappropriate physical contact by substitute bus driver involving several minor passengers
Education - Public schools: one of the largest US school districts settled allegations relating to a single teacher and his abuse of elementary school pupils over several years
Healthcare - Hospital: pediatrician convicted of sexual assault against young patients in several settings over a 15 year period. Suit was brought against the hospital, individual physicians and the state medical society
Leisure - Bowling: bowling coach convicted of molestation involving several minor players
View more information about our professional and financial risk expertise.
