Brit Insurance, the international general insurance and reinsurance group, has launched a new package policy designed specifically for the needs of the U.S. higher education community. This product will be distributed exclusively through the group’s U.S. service company, based in Chicago, Ill. and is underwritten on an excess and surplus lines basis on behalf of the company’s Lloyd’s Syndicate 2987.
The product provides property and liability coverage including auto, educators legal liability, campus security activities and student practices liability in addition to workers compensation and crime coverages in a single all lines aggregate program with clash coverage provided as standard. Enhanced property and liability terrorism cover is also available.
In addition, colleges and universities will receive automatic access to a tailored web-based risk management system that provides online content and training modules which reflect their own unique risks. Provided by in2vate, this training platform known as TEAM (Train, Educate and Manage) allows risk management policies and procedures to be uploaded, EPLI and regulatory mandated training courses to be completed and accurate training records to be maintained.