London American Risk Specialists, Inc Announces the Formation of London American Professional Liability, LLC

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Houston, TX – London American Risk Specialists, Inc., headquartered in Houston, TX. is pleased to announce the formation of London American Professional Liability, LLC based out of Fort Lee, New Jersey. LAPL is a program administrator and MGA specializing in Professional Liability. Mr.Ed Velasquez, formerly Executive Vice President of the NIF Group, Murray Hill, NJ has been appointed President.

LAPL will initially launch a Miscellaneous Professional Liability program that will be offered in most states and underwritten by an “A (Excellent)” A.M. Best rated insurance carrier.

This Miscellaneous Professional Liability program is designed for a diverse set of professions, including many types of consultants, insurance services, media and real estate classes. Coverage is offered on both a primary and excess basis for risks with up to $250 million in revenue. The staff’s specialized knowledge allows them to handle complex and hard to place risks.

Policy Highlights include:

Primary and Excess coverage available

Claims made and reported policy

Company has right and duty to defend

Coverage is extended to employees while acting within
the scope of their employment duties

Personal injury coverage

Prior Acts” coverage provided for insureds who have
carried continuous coverage

Predecessor and successor firm coverage

Automatic 60-day Extended Reporting Period

Worldwide coverage for suits brought in the U.S.

Limits/Deductibles/Premiums:

Up to $5,000,000 each claim / $5,000,000 Annual Aggregate Limit

Minimum deductible $5,000 each claim

Minimum premium $5,000

For more information, contact:

Ed Velasquez, President
evelasquez@londonamericantx.com
Ph 201.944.7000 · F 201.944.0058
London American Professional Liability, LLC
400 Kelby Street, 11th Floor
Parker Plaza
Fort Lee, NJ 07024

Zane Carson, Director of Marketing
zcarson@londonamericantx.com
Ph 713.977.7726 · F 713.977.7606
London American Risk Specialists, Inc.
11000 Richmond Avenue
Suite 600
Houston, Texas 77042

Topics New Markets London

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