Generally speaking, the smaller an organization, the less time and budget it has to dedicate to managing risk. Yet, small and mid-sized organizations are typically the most vulnerable to claims that can disrupt their financial well-being.
To address these risks, V3 Insurance Partners LLC has expanded the availability of Vantage PointSM for Private Companies and Not-for-Profit Organizations. Now agents in over 40 states are actively being appointed to provide this package insurance program, which provides tailored management and professional liability insurance for small and mid-sized businesses.
Vantage PointSM carefully integrates ten different insurances to minimize the risk of coverage gaps. The policy affords flexibility to respond as stand-alone coverage or as one seamless policy based on the organization’s risk exposures, needs and budgets.
“In today’s increasingly connected, global economy, small-midsize businesses face more and varied liability threats than ever before,” said Dana Paige, SVP and National Practice Leader of V3 Insurance Group. “Yet, they are the ones that have the fewest personnel and financial resources to address the risks. This management liability package was designed specifically to provide flexible, affordable, comprehensive, liability coverage to those who need it most.”
Vantage PointSM is backed by a highly rated A++ (Superior) by A.M. Best Company. The program is now available in over 40 states and additional state approvals are expected shortly.
Coverages included in the program are directors and officers, employment practice liability, fiduciary, employed lawyers, miscellaneous professional liability, cyber liability, crime, kidnap and ransom and workplace violence. Vantage PointSM includes Private Vantage Assist, a reputational coverage for some crisis management fees and expenses. Limits of up to $5 million are available for each line of coverage.
V3 Insurance Partners LLC (http://www.V3ins.com), led by Susan Rivera, is a Newtown, Pa.-based Specialty Program Administrator offering insurance programs targeted at middle market companies. Its four major practice groups are Internet Workers’ Compensation, Transportation, Professional Lines and Property/Casualty, each managed by industry leaders chosen for their talent, expertise and integrity. V3’s focus is creating value for its carrier partners, producers and insureds.