PIANY Offers Comp Product For New York City
NU Online News Service, Jan.29, 3:18 p.m. EST?The Professional Insurance Agents of New York State Inc. said its membership now has a small monoline workers' compensation product that is available in New York City.
PIANY said it had obtained approval to expand its NumberONE Comp program, a monoline workers' comp market available to members, for clients in the New York metropolitan area.
PIA said it has offered its members in New York state the NumberOne Comp program since June of 2002. This week, PIA said, AmTrust Group agreed to extend the program's underwriting to risks in New York City.
The program includes classes of business with "four-wall exposures" (i.e., without outside risks), which meet its current criteria and generate a minimum premium of $500.
"This product finally provides our members with an option for their clients needing small monoline workers comp. coverage," said PIANY President David Isenberg, president of D.C. White Agency. "This is a welcome announcement to the metropolitan New York business community."
The program is available to PIA members who are licensed in New York, carrying E&O coverage with a minimum limit per claim of $500,000 from a "B-plus" or better rated company.
Details about the NumberOne Comp program are available through PIANY's Web site at www.piaonline.org/NY/ and by selecting Workers' Comp in the Quicklink Box, or by calling (800) 424-4244, extension 850.
PIANY is a trade association representing professional, independent insurance agencies, brokerages and their employees throughout the state.
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