Posted in News on 22 Jul 2020

Alesco Risk Management Services (Alesco), the specialist insurance and risk management broker, today announces it has further enhanced its Pro Plus product, a one-policy solution for small professional miscellaneous businesses to include additional travel delay, assault and emergency tradesman cover. The product is underwritten by Lloyd’s of London..

Pro Plus covers key risk elements for general and professional liability and 15 other sub-sections. Available in the US for small & medium size Miscellaneous Professional Liability accounts, the policy is available on over 4,000 professional classes of business. The policy now includes up to $2 million for professional liability, and is unique to Alesco via its delegated authority (DA) team.

The enhancements to the policy, which will be included automatically are:

  • $2,500 for travel delay
  • $25,000 for assault
  • $5,000 for emergency locksmith
  • $5,000 for emergency plumbing

 

The Alesco DA Pro Plus product includes the following coverage elements as standard:

  • $2 million professional liability
  • $250,000 for cyber liability
  • $25,000 for fiduciary liability
  • $250,000 Directors’ & Officers’
  • $25,000 for employment practices wrongful acts liability
  • $25,000 for crime & dishonesty liability
  • $50,000 for key employee loss expenses
  • $100,000 for media personal injury liability
  • $250 for defendants per day / $5,000 in the aggregate
  • $10,000 for deposition fees and expenses per suit / $25,000 in the aggregate
  • $25,000 for HIPAA/HITECH fines & penalties
  • $25,000 for licensing and disciplinary proceedings per proceeding / $25,000 in the aggregate
  • $500 for damage to property of others per occurrence / $5,000 in the aggregate

 

Commenting on the product enhancements, David Doe, Managing Director, Professional Lines, Alesco Delegated Authority said: “Pro Plus is unique to Alesco and provides professional liability cover plus a suite of additional insurance cover for small businesses. The nature of the product means businesses can be reassured that they have comprehensive cover in place through this one single insurance solution. This product is only available via Alesco’s delegated authority team.”

 

For further press information, please contact:

Emma Banks

0207 204 6189 / 07894 158 605

 

Alesco Delegated Authority
Alesco Delegated Authority is an independent specialist binding authority broker, providing a wide variety of services to brokers, MGAs, coverholders and insurers around the world. By connecting our clients with underwriters in Lloyd’s and the London market, we have built a portfolio of over 300 delegated authority facilities in more than 30 countries, equating to in excess of USD1bn in GWP (approx.) under management.