Target recently announced a new partnership with Capitol Indemnity (rated A+ XV by A.M.Best) for Staffing Firms Package Coverage. “Capitol has put together a terrific product for us,” says Wayne Carter, Target’s President & CEO. “Most existing package program are not designed to meet the particular needs of staffing firms. Capitol’s is one of few that are specifically designed for this class.” The new Package policy includes General Liability, Employee Benefits Liability, Hired Non-Owned Auto, Property, Crime, Inland Marine, and Business Income coverage. Umbrella coverage up to $5 million is available, as is an Excess Umbrella with limits up to $10 million. Staffing firms can also choose to add Blanket Additional Insured and/or Waiver of Subrogation endorsements. A mono-line GL policy with minimum Liability limits is also available through Capitol at a $250.00 premium. In addition to the Package Program, Target also offers Professional Liability Coverage (including optional EPLI and/or GL) for staffing and recruitment firms. And, 1st and/or 3rd Party Crime Coverage is available on a stand-alone basis.
New Business Bonus Extended
to 2011 KEY FEATURES & BENEFITS
Package policy limits vary by line of coverage or coverage item. Crime Coverage Limits $5 million on 1st Party Coverage $3 Million on Stand-alone, 3rd party Coverage Click here to download the most recent forms and applications for the Package Policy. Click here to download the most recent forms and applications for Crime Coverage. Submissions may be faxed to (860) 679-9391. The Package portion of Target's
Staffing Firm program is now being managed by our colleagues at Crump Insurance Services.
For answers to any questions, or for more information, please contact Mike Yovino at: |
