| Programs

General liability and professional liability are provided with low limits on a claims made policy form. The policy is written for individual locations covering any number of beds at that location.

Coverages and Highlights

• General Liability
• Professional Liability
• Limits:
  • $25,000 per claim and $25,000 annual aggregate
  • $50,000 per claim and $50,000 annual aggregate
  • $100,000 per claim and $100,000 annual aggregate
• No deductible applies
• Available in Florida
• Florida State Law 1202 requires that all nursing homes and ALFs have liability insurance—both GL and PL.

Target Classes

• Nursing Homes (skilled nursing facilities)
• Subacute Care Facilities
• Rehabilitation Facilities
• Intermediate or Continuing Care Retirement Communities

AXPRO—Agents Extra Protector is designed for insurance companies that are financially strong, but are not AM Best rated or are rated lower than B++. The AM Best rating factor can sometimes discourage agents from working with an otherwise stable carrier. That is mostly because of the agent’s own professional liability policy. These professional liability policies typically have an insolvency exclusion that excludes coverage for business written with insurance companies that are not rated by AM Best or are rated lower than B++. The agents fear an underlying claim may go unpaid if the insurance company becomes bankrupt. The result could be messy and expensive for the agent. Consequently, agents may avoid writing business with some very good insurance companies that are excluded from the agent’s professional liability policy.

How does AXPRO work?

• AXPRO is purchased by qualifying insurance companies who designate the agent(s) they want to cover. Individual agents cannot purchase the coverage for themselves.
• If the insurance company becomes insolvent and cannot pay an underlying claim, the AXPRO policy will drop down to provide the agent with insolvency gap coverage.
• The insurance company can purchase the coverage for one or more agents.
• The insurance company will be provided a Certificate of Insurance naming the selected agent(s) to be protected.
• The insolvency fear is reduced, so covered agents have more incentive to write business with the purchasing insurance company.

Coverages and Highlights

• AXPRO (via a drop down endorsement)
• Excess limits may be available
• $1M limits in any one claim; up to $5M aggregate
• The coverage is first dollar, with no deductible or coinsurance. The pricing is company-specific.
• The beneficiary of the insurance policy can be adapted on a case by case basis to meet the needs of the insurance company purchasing the coverage.

Target Classes

• Insurance Companies that AM Best has not rated or has rated lower than B++
• Insurance Companies must be favorably reviewed by Demotech, Inc.
• Insurance Companies must have $250MM or less in annual gross written premium volume and must have a profitable history

Insurance Agents & Brokers Professional Liability
Insurance Company Management & Professional Liability
Technology E&O, Cyber/Network Security & Privacy, and Media Liability

Quadrant offers insurance coverage for the development, construction and operation of wind/electrical energy projects.

Coverages and Highlights

• General Liability
• Excess Limits
• Some Inland Marine & Property
• $2,000,000 primary aggregate limit
• Up to $20,000,000 excess limit available
• $5,000 deductible per occurrence
• Hired & Non-owned Auto can be considered
• Blanket Waiver of Subrogation and Additional Insured can be considered

Target Classes

• Developers
• Risks in Construction
• Equity Owners
• Electricity Production Risks

Availability

• All states except ME, NJ, MA & RI