A serious illness or injury can be scary enough when it happens near home, but when it happens outside the country it can be a nightmare of epic proportions. Depending on where you are nearest medical facilities may be inadequate or distant. A seriously wounded person might not survive land transport over rut-filled dirt roads. They might not have the time even if the roads were smooth, making air-lift (medivac) a necessity. Language barriers and even local politics can get in the way. The expense can be in the tens of thousands of dollars and not usually covered by a standard health insurance policy. In the middle of all that many foreign medical facilities and hospitals will demand payment in advance.
ACE International understands all this and their International Advantage® covers employees (including spouses, companion(s), and accompanying children), either on a temporary trip or living overseas. Also school employees (including chaperones) and students on sponsored trips or studying abroad. Coverage includes a $10,000 hospital admission deposit and up to $1,000,000 for emergency medical evacuation and repatriation. This is just one of the multitude of coverages that hopefully will never be needed but invaluable when disaster strikes. International Advantage can also provide locally admitted insurance policies in more than 200 countries and provides basic options not typically provided by other foreign package providers.
Coverage:
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Commercial General Liability
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Employers Responsibility with Executive Assistance® Services
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ACE Travel AppSM
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Automatic Emergency Medical Evacuation/Repatriation
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Automatic Political Evacuation/Relocation
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Foreign Voluntary Compensation
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Contingent Employers Liability
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Contingent Auto Liability
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Kidnap & Extortion
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International AD&D and Medical - Employee
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International AD&D and Medical - Student and Chaperone
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Commercial Property and Time Element
To access this product visit www.bigimarkets.com and select International Advantage from the commercial products menu. Also check out this updated (8/15) flyer about the International Advantage Executive Assistance Services.
ACE International is offering a couple of 25 minute International Advantage webinars. Please click the links below to register:
Wednesday, Oct. 21 - Register Here
Wednesday, Nov. 11 - Register Here
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CGL Contractual Liability Issues in the Construction Industry
October 21, 2015
1:00 to 4:00 p.m. Eastern Time
$79 - Click here to register
Participants will review the basic underpinnings of contractual liability - the difference between breach of contract and liability assumed by contract as well as assuming the liability of others in a contract. Emphasis will be on hold harmless and indemnity agreements often used in the construction industry, including the meaning of hold harmless and indemnity agreements, the parties to the agreement and the notion of performance of an obligation to hold harmless and indemnify another. With illustrations of each type of indemnity clause, the participants will explore the differences among the broad form, intermediate form and limited form indemnity clauses, including how such clauses affect third parties not a party to the indemnity. By way of certain examples, a review of limitations on indemnity agreements, including select state statute and case law, as well as a review of some statutes' "insurance exceptions" and how they may apply.
The course will examine in detail the contractual liability exclusion in the CGL policy, including whether the exclusion applies only to indemnity agreements or to other types of liability assumed by contract. A detailed review of the exceptions to the contractual liability exclusion, with emphasis on "insured contracts" will be undertaken. Also discussed will be the CGL policy's provision for defense of an indemnitee and what types of indemnity agreements are not "insured contracts." The course will conclude with a review of the fundamental differences between indemnification and additional insured, including the rights of each, and the issues created with tying additional insured coverage to an indemnity provision. VU webinar questions can be sent to bestpractices@iiaba.net.
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Remember that you can view the following webinars 24/7 by checking out the BIM Webinar Library. To do that log onto Big "I" Markets and click on "Publications".
- Personal Liability Trends - Fireman's Fund
- TravPay
- Commercial Lessor's Risk
- Affluent Homeowners
- Travelers Select Products (series)
- Travel Insurance
- Community Banks
- XS Flood
- Real Estate E&O
- RLI Personal Umbrella
- Affluent Homeowner
- "Oh, by the way...Flood Sale"
- Habitational
- Non-standard Homeowner
- Student Housing
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BIM WEBSITE TRAINING WEBINAR
Here are the top three items that got BIM agents clicking from our last edition... see what you missed!
Wealthy clients have some exposures that less well-off clients probably won't need. Art collections, yachts, rare /unique cars, come to mind right off, but other coverages might not. Here are a couple of those:
InsurBanc recently provided funding and guidance to an agency looking to grow through an acquisition of a peer agency. BNC Insurance Agency, a firm with a specialty in construction insurance and risk management was started in 2000 by Brian Colby and Onofrio Colabella. Today, the growth-oriented firm has more than 600 clients. BNC turned to InsurBanc when in need of financing to acquire a peer agency.
TECHNICAL CORNER
