Article

General/Professional Liability Challenges

A large skilled/assisted living facility turns to C.I. to solve their General Liability and Professional Liability problems. Unhappy with their current arrangement and looking to retain premium and control of their insurance program, this insured is able to retain $1.2m within their captive insurance company while securing A+ AM Best rated paper to satisfy all contractual requirements.

General/Professional Liability Solution

Working with their property and casualty insurance broker, C.I. underwrote the policies according to the unique facts and circumstances surrounding the insured’s portfolio and operations. Via EmpoweredRE, the insured’s broker was able to provide an insurance solution for the insured’s probable maximum loss while still meeting insurance requirements within their lending agreements.

Case details

• C.I. provides a primary General/Professional Liability Policy with $1m/$3m limits
• Policies issued on A+ AM Best, XV admitted paper with lender accepted deductibles
• Captive will retain $1.2m gross written premium