Rockwood Programs Inc. has established a new subsidiary company—the Public Servant's Defense Agency (PSDA)—specializing in professional-liability coverage for police officers, firefighters and emergency medical technicians.
“We launched PSDA to address an underserved niche in the marketplace,” explains Glenn Clark, president of Rockwood Programs, in a press statement. “In today's litigious society, allegations leveled against our valuable civil servants are becoming more prevalent.”
“State, county and municipal governments all carry the insurance needed to protect them in case of a suit. But what happens when an individual is singled out as a result of their involvement in the underlying event?”
Clark says PSDA's tailored E&O policy form provides defense and indemnity coverage in the event an insured is the target of an administrative, civil or criminal action.
Clark notes that Rockwood did a large amount of market research prior to launching our new agency. “Most existing plans only offer a low limit of legal-expense reimbursement with no element of indemnity coverage. The PSDA offering is designed to eliminate these deficiencies,” he says.
All claims are adjudicated by a nationally recognized law firm with more than 30 years' experience in professional liability litigation, Clark says without revealing the name of the law firm. “The policy also pays covered judgments and awards levied against the insured, up to the limits of liability.”
Darryl McCallin, Rockwood's operations vice president, notes that PSDA has partnered with an “A”-rated carrier that was willing to invest the time needed to fully understand the unique liability exposures of police, fire and emergency medical personnel. “As a result, we are able to offer coverage at a premium commensurate with the actual level of exposure,” says McCallin.
The PSDA product offers $100,000 of liability for as little as $250 per year. Coverage limits can be increased to $250,000 and further tailored with the addition of optional endorsements.
The product is written on both an individual and group basis.
Interested parties can learn more about the PSDA product by accessing the agency's website at www.psdains.com. The company can also be contacted directly by calling toll-free 888-304-1201.
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