Will someone kidnap me?
On Tue, Jun 30, 2015 at 11:05 AM, Jesse Peavy <jpeavy@xxxxxxxxxxxxxxxxxx>
Please read the email below from Dan. Basically, the Directors & Officers
(D&O) policy would cover liability issues when we hold our meetings and
then we will get a separate conference (event) policy nearer to our
conference in February.
Dan is recommending the 3-year option for the D&O policy at an annual rate
*From:* Dan Pavlin, CPCU, ARM [mailto:DPavlin@xxxxxxxxx]
*Sent:* Monday, June 29, 2015 4:58 PM
*To:* Jesse Peavy
Please see the attached D&O proposal. I would choose the Standard Form
option at $1,000,000 and lock it in for three years (paid annually). This
would fulfill your primary need, Directors and Officers Coverage, and we
can place a separate event policy closer to the date of your event when you
need General Liability.
The current policy will cost over $2,000 and you will need a $2,000,000
umbrella to make the International Trade Center happy at a cost of another
$2,000. This no longer seems to be the most effective option. I believe we
can place coverage for much less through other means.
So your current policy can be cancelled, cutting your immediate cost by
$1400 and your future cost can be renegotiated to meet the need
specifically of the special event. To give you an example, many carriers
have a $500 per million minimum premium. This could mean a $1,000 savings
alone compared with the current provider.
The policy attached includes full prior acts coverage, third party
harassment, defense for non-monetary claims and a number of other
*Dan Pavlin, CPCU, ARM*
*Vice President - Commercial Lines*
*Bernard Williams & Company, LLC*
*6001 Chatham Center Drive | Suite 100 | Savannah | Georgia | 31405*
*Office: 912-234-4476 x3057 <912-234-4476%20x3057> | 866-433-4476
<866-433-4476> | Fax: 912-232-8490 <912-232-8490> *