E&O Liability Product

Nuts & Bolts:
Kansas City-based underwriting manager and claims administrator Euclid Managers LLC launched ProtoType, an insurance product for manufacturers. The product features errors and omissions, Web site protection, security coverage, copyright and trademark infringement, defamation, privacy and other personal injury protections. Coverage is targeted to a wide range of small- and mid-sized manufacturing risks, such as furniture, lumber products, plastics, basic materials for construction, hardware, electronics and many consumer products. ProtoType is designed to respond to claims for financial loss due to a mistake in the performance of covered services. The definition of services can include many activities such as design, development, manufacturing, marketing, installation and training. In addition, coverage is included for activities performed on the insured’s Web site. All underwriting and claims administration for ProtoType will be handled by Euclid Managers’ Kansas City office.

Dollars:
Minimum premiums range from $1,500 to $2,500. Up to $5 million in limits are available and minimum deductibles are $2,500.

Carrier:
Hudson Insurance Group rated “A” (excellent) XIV by A.M. Best, nonadmitted.

States Available:
All except New Hampshire, Maine, Delaware and Connecticut.

Contact:
Marcia Jenson, (816) 778-0713.