Professional Program Insurance Brokerage (PPIB) has launched a nationwide program with coverage for employment practices liability, directors and officers and fiduciary risks.
The product, backed by a carrier rated “A” by A.M. Best, is designed for public, private and nonprofit companies. Features include choice-of-counsel consideration, free risk management and training, third-party coverage, qualified wage-and-hour coverage, an optional additional defense cost limit and a softened hammer clause.
PPIB is targeting segments such as healthcare, hospitality, manufacturing, services, high tech, hospitality, retail, professional employee organizations/staffing, law firms and other hard-to-place risks.
Insureds can purchase coverage on a standalone or package basis, as well as in conjunction with crime or network security/privacy coverage.
The product is available to both retail and wholesale brokers. Information is available on the Novato, Calif.-based company’s Website and by phone.
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