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| Vantage360SM MPL |
| The Vantage360 MPL Program is a Miscellaneous Professional Liability program providing coverage for small to mid-sized non-degreed professionals and professional services firms. The Vantage360 MPL Program is offered through an A++XV rated carrier. Click here for Product Brochure |
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- The program targets both traditional MPL classes like claims adjusters; collection agencies; employment agencies; graphic artists; and management, marketing and human resources consultants; as well as more unusual risks such as chimney sweeps; coin, gem or art dealers; electrical consultants; safety consulting; salvage/scrap metal dealers; spa services; and testing labs.
- Revenues up to $25MM; less than 3 claims in the last 5 years; Individuals and small practice entities are eligible
- Ineligible classes: Architects & Engineers, CPA firms, Home Inspectors, Insurance Agents, Land Surveyors, Lawyers, Media, Mortgage Brokers, Property Managers, Realtors, Title Abstractors, Title Agents, Technology risks
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- Full Prior Acts coverage is standard
- Duty to Defend; Pay on behalf of
- Defense Costs in Addition to the per Claim Limit
- No Hammer clause in Consent to Settle provision
- Personal Injury is included
- No anti-trust or SEC exclusion
- Disciplinary Proceedings Coverage Extension ($25,000 sublimit included at no additional charge)
- Loss of Earnings Coverage Extension ($400/day to a maximum $10,000 sublimit included at no additional charge)
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- A First in the Industry: Reputation Restoration Protection Coverage Extension ($25,000 sublimit included at no additional charge). Covers fees and expenses of a public relations firm, crisis management firm, or law firm to advise on minimizing the harm of adverse publicity from a covered event, in order to restore pubic confidence in the Insured.
- Deductible Credit of 75% up to a maximum $10,000 is available for claims neither litigated nor submitted to Arbitration or Mediation
- Exclusion for Intentional Acts with “Final Adjudication” wording
- Exclusion for Personal Profit or Gain with “Final Adjudication” wording
- No exclusion for Prior / Pending Litigation. “Known Claims” is addressed in the Insuring Agreement.
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- Optional Coverage available for Intellectual Property, Sexual Abuse/Molestation, and Contingent BI/PD (for select classes)
- Optional Privacy, Security and Technology Coverage: Optional covered conduct includes: Breach of Security, Breach of Privacy, Technology Extortion, Web Media Service Breach, and Data Restoration Loss, arising from covered Professional Services
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Robert M. Parker, J.D., R.P.L.U.
Senior Vice President
National Practice Leader - Professional Lines |
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Email: robert.parker@v3ins.com
Office: (215) 600-0748
Fax: (215) 475-3959 |
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