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Question |
Answer |
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1. What limits are available? |
Up to $10MM |
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2. Is each client provided with its own limit? |
Yes |
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3. Is each client provided with its own policy and policy number? |
Yes |
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4. Do clients in the program share limits? |
No |
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5. Is this pooled coverage? |
No |
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6. Is the program assessable? |
No |
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7. What is the rating of your carrier? |
A+ |
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8. Are your Umbrellas written on Admitted paper? |
Yes |
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9. Do your Umbrellas run concurrently with the underlying GL? |
Yes |
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10. So, we do not have to prorate your Umbrella to a master policy date? |
Bingo |
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11. Is your Umbrella "follow form"? |
Yes |
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12. Is there an SIR? |
Yes, it is $10,000 |
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13. Do your Umbrellas "follow form" over Public Officials E & O? |
Yes |
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14. EPLI too? ( if you have it, we have it ) |
But, of course |
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15. Does your Umbrella drop down? |
No |
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16. What are the minimum warranted underlying limits? |
$1MM/$1MM |
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17. Will you go over any carrier, regardless of their rating? |
Sorry, must be A-, VI or better |
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18. Are you the same people who provide such great service in the "Common Assurance" and "LRO" programs? |
Scary, isn't it |
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McGowan & Company is the largest underwriter of specialized umbrellas in the United States. While being an old, financially-stable, multi-generational, family-run firm, we are also innovative. Each employee is dedicated to providing our clients with unrivaled products, premiums, and service - in terms of competence, courtesy, and friendliness. Have your local insurance agent call me - Terrence B. Phelan, Vice President, Municipal Risk Division at (800) 545-1538.
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