Coverages
Overview | Coverage
Features & Benefits | Coverage
Limits | Applications
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Ask the Underwriter
NEWS
New,
Single-Page, Cost Indication Request
Get a competitive estimate
via this easy-to-complete
form!
Brokers
to Earn More for Writing Staffing Firms with Target
Target
is pleased to announce increased payments to its agents and broker
partners for Staffing Firms business:
• Professional Liability;
• Employment Practices Liability; and
• General Liability.
It’s one more way in which we intend to maintain our leadership
position in this market.
New Business
Bonus Extended to 2010
All agents and brokers (retail and wholesale) will enjoy a 2.5% commission
bonus on all new business for Staffing Firms through 2010.
Eligible coverage is listed above.
Commission Increase for Wholesalers
To better enable wholesalers to write Staffing Firms for retail agents,
Target has increased Staffing commissions to wholesale brokers by
2.5%. The New Business Bonus described above will be in addition
to this commission increase.
LIABILITY
COVERAGES OVERVIEW
Target's
Professional
Liability Program for Non-Medical Staffing & Recruitment
Firms offers multiple coverages:
• Professional Liability (Errors & Omissions) with built-in
Personal Injury Coverage
• Employment Practices Liability
• General Liabiliity
• Crime
In addition,
we offer you an Package Program for
Staffing Firms.
KEY E&O / EPLI / GL FEATURES &
BENEFITS
• Admitted
coverage from a carrier partner consistently rated A+
• Claims-made or Occurrence policy forms
• Optional EPLI and/or GL on a single, E & O policy
• Personal injury coverage for emotional distress and mental
anguish
• A clear definition of EPLI, harassment, discrimination, and
wrongful termination
• An easy, “certificate” renewal process
• Coverage for firms placing 100% professionals (accountants,
architects, etc.)
• Independent contractors placement coverage
• Optional “Miscellaneous E&O” for ancillary
services such as consulting, training, etc.
Stand-alone
1st and/or 3rd Party Crime Coverage
- 1st Party Coverage
(for crimes committed by the firm's in-house employees),
and / or 3rd Party Coverage (for the temps sent to clients) can
be purchased on a stand-alone basis
- 3rd Party Coverage
can be written with limits that vary per client contract
- Allowable Loss
Payable Provisions (especially valuable to staffing-firm clients)
- No minimum
premium
- Coverage includes:
Employee Dishonesty, Forgery, Money & Securities (Inside &
Outside),
Other Property (Inside & Outside), and Computer Fraud (with
Electronic Funds Transfer).
COVERAGE LIMITS
Separate limits
for E & O and EPLI up to $5 million
1st Party Crime:
Up to $5 million
3rd Party Stand-alone
Crime: Up to 3 million
APPLICATIONS
Click
here to download the most recent forms and applications for E&O,
EPLI or PI.
Click
here to download the most recent forms and applications for Crime.
Submissions
can be submitted via email or fax:
Email: staffinge&o@target-capital.com
Fax: (860) 679-9391
ASK
THE UNDERWRITER
If you have any
questions regarding the Staffing Firms Professional Liability Program,
please contact
Nicole Maragnano, Underwriter:
Phone: (888) 888.1613 Ext.298
Fax: (860)
679.9391
Email:
nmaragnano@target-capital.com
Address: 10 Tower Lane. Avon, CT. 06001

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