Introducing
PEO
Professional employment organizations expect the best of both worlds from their insurance: comprehensive cover, yet a quick and efficient buying process. PEO surpasses these expectations and does it all at a competitive price.
Most professional employment organizations are eligible and our experienced team will consider most sectors.
PEO is a multi-class policy targeting key exposures for professional employment organizations. Features include:
- A comprehensive multi-class policy including errors and omissions, employee benefits liability, commercial general liability, placed personnel dishonesty, cyber & privacy liability, property cover and our innovative business interruption insurance
- Vicarious liability included, as standard, to cover legal liability arising out of any negligent act, error or omission committed by co-employees or placed personnel
- Our co-employee and placed personnel definitions separate these individuals from the professional employment organization’s own staff
- Property cover including worldwide laptop protection, as standard
- Innovative business interruption cover on a “flexible first loss” basis which means whatever type of business interruption loss is suffered, only one limit of liability needs to be purchased at a lower premium
- Clear, unambiguous cover for breach of a client contract
- Full civil liability coverage
- Cover for breach of intellectual property rights
- Worldwide jurisdiction, as standard
- Payment of fees withheld by an aggrieved client, mitigating a potentially larger claim
- Reimbursement of costs incurred to help reduce or avoid a claim
- Limits of liability available up to $5,000,000
- A range of reinstatement options available
- Deductibles starting from $5,000
- Premiums starting from as little as $1,000
We recognise professional employment organizations want to buy their insurance quickly and simply. That’s why our policy is backed up by exceptional service levels featuring:
- Most quotes provided within 48 hours
- A fast track same day service for urgent submissions
- Most policies issued within 24 hours of binding if we have all the information we need
All this at very competitive prices. To obtain a quote, simply complete the PEO application form.
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