Archive for the ‘Spotlight’ Category

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Spotlight On… Staffing/Placement Agencies

Monday, June 14th, 2010

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E&O for Staffing/Placement Agencies

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As part of the fallout in the recent economic downturn, we have an abundance of qualified workers without jobs.  Many companies have begun to hire again, and several of them are utilizing the services of staffing /employment agencies.  This can be a great tool not only for the hiring company, but also the applicants themselves.
At the end of the day though, employment agencies are “middle men” in the hiring process and have a large E&O exposure that should be adequately addressed.  Let’s face it- carrying proper coverage just makes good business sense.  The legal defense costs of a claim against a small firm alone could easily devastate the business.

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spotlightthumbIMPORTANT NOTE:

Just the legal defense from one claim can add up quickly and financially ruin a small placement agency.

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Here’s a sample claim scenario to consider  –  A local banking firm hires a teller through a placement agency.  Shortly after, the teller is fired for  embezzlement.  It is later determined that the teller had a criminal record and the placement agency failed to perform a criminal background check, which could have prevented this from happening.  The bank then sues the placement agency.

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spotlightthumbREMEMBER:

Coverage isn’t just for the large placement companies – we can get the right coverage at the right price for your clients – limits between $100,000 and $5,000,000 are available to qualified risks in most areas.

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So what is the solution?  Proper insurance coverage!!  And that’s where Stuckey & Company comes in.  We have excellent professional liability products available from many A-rated (or better) carriers. We should be able to get ‘admitted’ products in most states.  Minimum premiums as low as $500 in many states.

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spotlightthumbDON’T FORGET:

Professional liability isn’t the only exposure to a placement agency.  Many staffing firms have on-site testing for various jobs skill sets, resulting in varied GL & WC exposures – and yes, we can help with that too!

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COVERAGE HIGHLIGHTS INCLUDE:
-    Many A-rated carriers availability in lower 48 states and D.C.
-    May be able to group the GL with E&O in some instances
-    “Duty-to-defend” coverage forms available to most risks
-    Scalable limits to meet insured’s needs
-    Personal Injury coverage included
-    Worldwide Territory Coverage
-    Extended Reporting Options
-    Prior Acts coverage available

Let us help you cover your clients!  We will make it happen!

Contact Chris Boylan, Professional Liability Renewal Underwriter, for applications in each state, claims samples, specimen forms, general questions, or sell sheets.

Chris@stuckey.com or 1-800-828-3452 x 35

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Posted in E&O, Misc Prof Liability, Spotlight | No Comments »

Spotlight On… Electrical Engineers

Monday, May 3rd, 2010

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Engineering Professional Liability

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Electricity - We use it every day without stopping to think about how it actually works.  We flip a switch to turn on a light, push a button to turn on the computer, and plug appliances in without ever thinking about how such a seemingly easy task requires a very serious (and often complex) design.

Electrical engineers are the master minds behind such designs, and generally deal with applications relating to electricity, electronics and electromagnetism.  Engineers of this discipline must have knowledge of circuitry, electrical generators and motors, transformers, magnetic devices, and various electronic materials.

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spotlightthumbFUN FACT:

According to the Bureau of Labor Statistics, in 2008 electrical and electronic engineering technicians made up 33% of all engineering technicians, holding 497,300 jobs.

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Electrical engineers play an extremely important role in designing everything from sports arenas to your own home.  Each project is unique and complex in its own way, and things do not always go according to plan.

At Stuckey & Company, we feel it is important that electrical engineers carry adequate insurance coverage, and we have just the product for them – the new Aspire A&E coverage form, exclusively from Stuckey & Company and backed by Aspen Specialty!  This broad-form coverage is available in all lower 48 states and D.C. and is sure to cover the special needs of electrical engineers.

Coverage highlights include:

* Scalable limits and deductibles to meet client needs
* Competitive premiums
* 5-part coverage agreement includes technology products & services in addition to basic A&E
* Broad definition of ‘named insured’ includes past or present employees, joint ventures organizations you acquire, independent contractors as Insured’s and estate or legal representatives
* “Duty to defend” coverage form
* Worldwide Territory coverage
* Option for First Dollar Defense

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spotlightthumbREMEMBER:

When you get a coverage indication from us, it includes one easy-to-read file, with a coverage offer, specimen policy as it would be issued if bound, and an application with many pre-filled fields based on your submission.  This results in less confusion, and a much easier binding process if your client elects to go with us – saving time for both you and the insured!

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Let us help you cover your clients!  We will make it happen!

Contact Chris Boylan, Professional Liability Renewal Underwriter, for applications in each state, claims samples, specimen forms, general questions, or sell sheets.

Chris@stuckey.com or 1-800-828-3452 x 35

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Posted in Architects & Engineers, Spotlight | No Comments »

Spotlight On… Event & Wedding Planners

Monday, March 29th, 2010

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Event & Wedding Planner Professional Liability

Throughout the course of one’s life there are many events that require a great deal of planning and organizing.  Surely we want these special occasions to be truly memorable and often times we look to an event planner for some help.

Take a wedding for example – a huge amount of planning goes into an event of this magnitude and every bride has her own idea of what that special day should be like.  Often times, it is a “no-brainer” to bring in a wedding planner – and what makes a good wedding planner? – Someone smart enough to aim for the best but plan for the worst.  The truth is that all the planning in the world may not satisfy the ideals of the bride and groom, and a lawsuit can become a reality if that ‘special day’ did not go as planned.

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spotlightthumbREMEMBER:

The bridal industry includes fashion, travel, furnishings, etc.  Brides and grooms today are getting married later in life than they were decades ago.  This translates to a more sophisticated consumer base.  They know what they want, and will pay for it – and if the event doesn’t meet expectations, a suit is commonplace.

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So the question arises: Does your Wedding / Event Planner carry adequate coverage?   That’s where Stuckey & Company comes in!  We can tailor a policy to fit the professional liability needs of Event Planners through the products of many reputable carriers.

Notable highlights:

* Policy limits between $100,000 and $5,000,000 for qualified risks

* “Admitted” products available in most locations

* A-rated carriers with solid financial ratings mean a reliable company is backing your client

* Fast turnaround time (usually less than 48 hours)

* Available ‘duty to defend’ coverage forms

* Reimbursements for loss of earnings

* Personal Injury coverage included

* All employees covered (including leased, part-time, etc.)

* NO MINIMUM EARNED PREMIUM

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spotlightthumbDID YOU KNOW?

In 1990 the average cost of a wedding was $15,000.  As of 2007, the average cost of an American wedding is over $27,000 (and rising).

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spotlightthumbFUN FACT:

According to CNN/MONEY, in 2005, American’s spent $125 Billion on weddings alone (that’s about the size of Ireland’s total GDP that year)!

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Let us help you cover your clients!  We will make it happen!

Contact Chris Boylan, Professional Liability Renewal Underwriter, for applications in each state, claims samples, specimen forms, general questions, or sell sheets.

Chris@stuckey.com or 1-800-828-3452 x 35

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Posted in Misc Prof Liability, Spotlight | No Comments »

Spotlight On… Medical Professional Liability

Monday, March 1st, 2010

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Medical Professional Liability… beyond medical malpractice.

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Many agents mistake Medical Malpractice Insurance for Medical Professional Liability.  The latter is specifically designed for products or services rendered in the medical realm, as opposed to actual hands on health care.

Stuckey & Company has a Medical Risk program with ACE to write such risks as Laboratories, X-Ray / Imaging facilities, Dialysis Centers , Clinics, nurse / staffing registries, substance abuse rehab centers, mental health counseling, pharmacies, medical schools, and more.

Coverage Highlights and Submission Requirements:

Primary Coverage policy minimum premium is $2,500

Generally we do up to $1,000,000 per claim and $3,000,000 aggregate for primary coverage, however separate limits may be available for additional premium  (up to $10,000,000 per claim and aggregate for excess coverage). **Note: This is NOT available for all risks**

Restricted classes or industries: Blood, tissue or organ banks, medi-spas, transplant agencies, abortion clinics, birthing centers, medical transportation operations

Submission Requirements: ACE Medical Risk Completed and Signed Application, 5 years Company Loss Runs, Sample Employment Application, if business is less than 5 years old, please include the resume of the administrator.

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spotlightthumbDID YOU KNOW?

We can include the GENERAL liability along with the professional side on many classes.  The professional liability is still on a claims-made policy form, where the GL portion is on an occurrence form.  We also may be able to include non-owned automatable coverage.

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spotlightthumbREMEMBER:

You have access to these key competitive advantages:  ACE paper (rated A+ (Superior) by A.M. Best and A+ (Strong) by S&P ), competitive coverage terms and services, experienced underwriting staff who specialize in the healthcare industry, and “Admitted” carrier available for selected accounts.

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Let us help you cover your clients!  We will make it happen!

Contact Chris Boylan, Professional Liability Renewal Underwriter, for applications in each state, claims samples, specimen forms, general questions, or sell sheets.

Chris@stuckey.com or 1-800-828-3452 x 35

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Posted in Misc Prof Liability, Spotlight | No Comments »

Spotlight On… Marketing & Advertising

Tuesday, February 2nd, 2010

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Marketing & Advertising Consultants

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Now that the economy is starting to get back on track, many companies are turning to marketing and advertising firms to improve their bottom line. If you have spoken to a marketing consultant recently, it’s likely that they approached you because one of their clients requires them to carry some sort of insurance, and with good reason.

Consider the number of risks a client takes on by hiring a marketing firm or a consultant.  The slightest typing error or one lost notebook computer could lead to a lawsuit or devastating financial loss. To guard against these possibilities, Professional Liability Insurance makes good, sound business sense. With Professional Liability Insurance, both the client and the insured get protection. No business wants to contemplate the cost of mounting a legal defense: you need the proper coverage.

Proper coverage? That’s where Stuckey & Company comes in. Luckily, most carriers in the E&O markets will write coverage at a very competitive premium. We can tailor policy limits anywhere from $100,000 to $10,000,000. To better suit your clients, we use A+ rated carriers, and we provide a wide array of deductible options. Qualified risks can even see premiums below $1,000 annually.

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spotlightthumbREMEMBER:

Often a client who requires professional liability will also require other coverage lines. We use several carriers who can consider a whole line of coverage from General Liability to Professional Liability to Worker’s Compensation.

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spotlightthumbDID YOU KNOW?

In some states, if you are injured, your client must cover you with their own Worker’s Compensation policy? This scenario could cause their rates to go up. As a result, both you and your client may be required to carry this coverage.

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Let us help you cover your clients!  We will make it happen!

Contact Chris Boylan, Professional Liability Renewal Underwriter, for applications in each state, claims samples, specimen forms, general questions, or sell sheets.

Chris@stuckey.com or 1-800-828-3452 x 35

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