AAIS Develops Agricultural General Liability Program
The American Assn. of Insurance Services (AAIS) will initiate a countrywide filing of its new Agricultural General Liability Program.
The program includes two base forms. The Farm Commercial Liability Form limits coverage to farming and certain related operations, but allows coverage for additional exposures to be added by endorsement or dec page entry. The Agribusiness Commercial General Liability Form functions like a traditional CGL policy in automatically providing coverage for all operations of an insured, except those explicitly excluded.
Both forms include a built-in coverage for farm chemicals limited liability, plus an option to provide personal liability coverage by endorsement, among other options. Both forms also include an up-to-date series of exclusions, including exclusions unique to agriculture that address liability from certain logging or lumbering operations, the Migrant and Seasonal Agricultural Worker Protection Act and animal diseases. The two forms differ in their approaches to “agritainment” and custom farming.
The Farm Commercial Liability Form excludes coverage for educational and recreational activities undertaken for compensation, but coverage can be added by identifying such activities on the declarations. Under the Agribusiness Commercial General Liability Form, there is no restriction of coverage for such activities, but coverage can be excluded by endorsement.
The program includes a manual with rules, agricultural rating classifications and loss cost rating information.
For more information, visit www.AAISonline.com. K&K Expands Products Liability Program
K&K Insurance Group Inc. expanded its products liability program, a result of a partnership with a nonadmitted insurance carrier, rated A- and IX by A.M. Best.
K&K also will offer primary general liability coverage for challenging sports, leisure and entertainment risks that may have difficulty finding coverage in the standard market. Targeted markets include distributors, wholesalers, manufacturers, small amusement parks, theme parks, hotels and motels, and other sports and recreational risks outside of K&K’s admitted specialty programs.
The products liability program also may include general liability, with limits of $1 million/$2 million/$2 million, and minimum premium of $10,000 on either an occurrence or claims-made basis. The primary general liability program limits are $1 million/$2 million with $15,000 minimum premium. Coverage is available in all states.
For more information, call 800-927-4756 or e-mail Ralph_Odell@kandkinsurance.com. Affinity Relaunches Private Event Insurance Program
Aon Corp.’s Affinity Insurance Services Inc. unit has relaunched its private event insurance program offering liability and property damage and event cancellation/postponement products direct to consumers. Enhancements include:
o Higher limits of liability and property damage, up to $2 million aggregate
o Lower rates for both liability and cancellation coverage for private events as well as select business events
o The option to purchase liability coverage with or without host liquor liability
o New online capabilities.
Affinity’s new program enhancements have features that include venues as additional insureds and that streamline the process to provide proof of coverage. Affinity’s insurance solutions protect clients’ deposits if they cancel or postpone the event, or if severe weather or illness occur.
Cancellation packages–including coverage for event essentials like photos, gifts, attire, jewelry and deposits–begin at $130. Liability insurance with host liquor liability can be purchased jointly or separately for a $150 premium, and without liquor liability starting at $75. For more information, visit www.aon.com. Chesapeake Offers Outsourced Unclaimed Property Service
Chesapeake System Solutions Inc. now offers Chesapeake’s Unclaimed Property Compliance System (UPCS), outsourced unclaimed property compliance services to assist firms in mitigating the risk of noncompliance with state laws.
UPCS outsourcing services include:
o Comprehensive analysis of the client’s current policies and procedures for reporting unclaimed property
o Assistance with the identification of an organization’s sources of unclaimed property
o Development of an unclaimed property reporting guide tailored to the organization
o Production of all due-diligence letters
o Delivery of signature-ready reports for all 54 jurisdictions
o Production of summary and detail reports specifying all unclaimed property reported o Provision of tools to view and print Chesapeake-produced reports
o Online access to unclaimed property information for inquiry purposes.
For more information, visit www.chessys.com or call 410-356-6805.