Navigators InsuranceCo. and Victor O. Schinnerer & Co. Inc. launched their newnon-profit D&O program. Schinnerer will be programadministrator for Navigators.
|The admitted filing of this nationwide program is currentlyunder way and 44 states, the District of Columbia and Puerto Ricohave approved to date. Available coverages in the new programinclude:
- Wage and hour defense
- Shared and separate limit options
- Circumstance reporting
- No D&O hammer clause
- Broad definition of subsidiaries
In addition to the many classes of non-profits Schinnerercurrently underwrites, senior care facilities and social serviceorganizations are just a few new classes that have been added. Afull suite of products including D&O liability, employmentpractices liability and fiduciary liability are available, makingthe program one of the most comprehensive offerings for non-profitD&O marketplace.
|Schinnerer will continue to service existing non-profit D&Opolicies under its prior program until their expiration date.
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