NIF offers new public entity program

Rough Notes, Apr 2004

A new public entity program has been introduced by NIF Risk Management, Manhasset, New York, in partnership with the Alternative Market division of American ReInsurance Company. This program is for large public entities, including state and local governments, as well as special districts, including water and housing, and public and private educational institutions.

Premiums start at $200,000 and retentions start at $100,000 on all lines except excess workers compensation which requires a retention level of at least $350,000. If the insured is interested in aggregate stop loss coverage, it can be made available for an additional premium. The lines of coverage available are general liability; auto liability and physical damage; educators legal; law enforcement liability; public officials' liability, property; crime; EPLI; and excess workers compensation. Limits of $5 million are available. The underwriting process requires 60 days. A TPA of the insured's choice can be used as long as it is qualified by the company.

More information about the program is available at www.nifgroup.com or by contacting Nancy Williams, Director of Marketing, NIF Group, Inc., at (800) 892-8892.