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New Insurance Product Offered for Foster Care, Adoption Agencies 

 
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Irwin Siegel Agency, Inc., (ISA) has developed a product to address the unique insurance and loss control issues facing foster care and adoption agencies. The program, administered by ISA through Chartis, is available to independent insurance agents and brokers in all 50 states. Minimum premium for eligible foster care programs is $75,000; $25,000 for eligible adoption agencies.

Program features include: 

  • Property, Auto, General Liability , Professional Liability, Abuse and Umbrella.
  • General Liability, Professional Liability and Abuse coverage on non-admitted paper.
  • General Liability Occurrence, Professional and Abuse claims-made.
  • Abuse coverage limits up to $1,000,000.
  • Additional coverage options available for Youth Accident, Workers’ Compensation, Directors and Officers Liability, including Liability Coverage for Employment Practices.
  • Risk management and loss control services and resources.
  • Best practices on-line training for employees, foster families, and volunteers.

Submission requirements:

  • Web site or brochure.
  • General application (either ISA or another carrier’s general application).
  • Foster Care and/or adoption supplements, including sexual abuse.
  • Copy of foster parent contract.
  • Five years currently valued loss runs with expiring premiums.
  • ACORD forms.
  • Drivers’ list.

Additional information is available from Terry Grafmuller at 800-622-8272 or Terry.Grafmuller@SiegelAgency.com.


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