Kansas City, MO (PRWEB) April 3, 2007
Euclid Managers, LLC, an underwriting manager and claim administrator, for internet, tech, media and manufacturing professional liability, announces a new insurance product for service professionals. This new product, BusinessWareSM, packs a multitude of professional liability coverages into one policy form. Just some of the built-in protections include Errors & Omissions (E&O), Copyright and Trademark infringement, Defamation, Security coverage for internet/tech network activities, and Privacy and other Personal Injury coverages. Not only does the policy cover business services performed for others, it also contemplates activities performed on the insured's website. Coverage for BusinessWare is provided by A.M. Best-rated A XV, Hudson Insurance Group and is available nationwide, on a non-admitted basis in most states. A wide variety of service-oriented businesses are eligible for BusinessWare. For a risk appetite list, go to http://www.euclidmanagerskc.com.
"You can certainly buy some of the coverages built into BusinessWare from other markets," says John Whall, vice president, Euclid Managers, LLC, "but you'll probably need to buy a miscellaneous professional liability policy plus multiple endorsements.
"Given the prevalence of websites, security concerns such as identity theft and the potential for privacy and defamation exposures, why would today's buyer need to ask for an endorsement for these types of coverages?" Whall asks. "By building these necessary protections right into BusinessWare, we're able to provide some peace of mind for our insureds and streamline the buying process."
The BusinessWare minimum premiums start at $1,500 and the minimum retention is $2,500. Up to $5,000,000 in limits are available. The product is available on an admitted basis in New Jersey and New York (Free Trade Zone) and on a non-admitted basis in all other states. For more information, contact: Marcia Sutton at 816.778.0713.
Euclid Managers has two offices: one in Kansas City and one in Itasca. The Kansas City-based Euclid Managers, LLC is an underwriting manager and claims administrator specializing in internet, tech, media manufacturing and MPL coverages. Euclid Managers, via the Itasca, IL, office, underwrites architects & engineers professional liability and public entity property/casualty and professional coverages. The Euclid Managers operation is part of Euclid Insurance Services, Inc. Euclid Insurance Services, Inc. was founded in 1952 and now has annual revenues in excess of $19 million. In addition to its underwriting facilities, Euclid Insurance Services' operations include a full service agency offering a wide range of property, casualty and benefit products to businesses and individuals.