Eldercare Environmental Liability Program
Program Brokerage Corporation is proud to introduce the first-ever environmental liability program specifically focused on coverage tailored to meet the unique needs of Eldercare facilities. Please read our latest article regarding this important coverage from National Underwriter by clicking here.
The environmental insurance specialists at PBC developed this program based on the rising environmental exposures that exist at the various establishments within the Eldercare industry and the growing need for a viable solution to protect against these risks.
Underwritten by a carrier rated “A” by AM Best, this exclusive program was arranged by the experts at PBC Environmental, who have been pioneers in educating agents and brokers about the growing need for environmental coverage and instrumental in raising awareness about the options that exist in today’s marketplace. The PBC Environmental team understands the necessity of educating agents as to the mechanics and value to the client of environmental insurance products.
This new program is the answer to agents and brokers working with facilities seeking a cost-effective way to protect their properties with coverage for a wide variety of environmental risks that are almost always excluded from standard policies.
| Target Facilities: |
- Nursing Homes
- Assisted Living
- Adult Care and Rehabilitation
- Alzheimer’s and/or Dementia
- Independent Living Facilities
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| Coverages Provided: |
- Pollution Liability Coverage: Claims-Made coverage with Defense within the Limits
- Bodily Injury and Property Damage Liability
- Reimbursement of Mandated Off-Site Clean-Up Costs
- Business Interruption
- Legal Expense & Defense
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| Risk Selection Criteria: |
- The applicant’s facility must be licensed by the state and in good standing. Insured employees as well as the administrator must be qualified and trained in accordance with state certification requirements.
- The program will require that the applicant has a satisfactory Environmental Management & Compliance Procedure in place.
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| Limits of Liability and Deductible Options: |
- Options from $500,000 Each Incident / $500,000 Policy Aggregate to $5,000,000 Each Incident / $5,000,000 Policy Aggregate
- $10,000/$15,000/$20,000/$25,000 Deductible Options
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| Territory: |
- USA excluding Puerto Rico and the US Virgin Islands but including incidental Canadian location (s) to a US domiciled insured.
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| Getting a pricing indication: |
| We understand the importance of indication pricing in the retail sales process. In order to address these needs, please complete our Eldercare Environmental Liability Questionnaire to receive a non-binding pricing indication. |
| Required Binding Documents: |
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| Marketing Documents: |
With any new insurance product, there is a need to explain to your clients exactly what it is they are buying. We have prepared the following documents that will assist in the sales process:
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| Policy Forms: |
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