Tenders are invited for Desires to appoint an insurance risk manager/broker of record responsible for the negotiation and placement of various insurance products required by the borough including, but not limited to, general liability insurance, general property insurance, errors and omissions insurance
, fleet motor vehicle insurance and others.
Owners should look for experienced inspection firms with a minimum of three years of lead testing experience, EPA licensure, professional errors and omissions insurance
, and a quality control plan.
This new product replaces Chubb's previous one-size-fits-all errors and omissions insurance
. INTegrity by Chubb offers three levels of protection--Value, Standard and Premier--to allow companies to purchase the level of insurance they desire.
Only 31% of the companies surveyed have errors and omissions insurance
that covers computer software and services, and 42% have product liability insurance that covers the problem.
Broad errors and omissions insurance
should be purchased at adequate limits for these types of exposures.