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| Meet your ISA Underwriter |
August 2009 |
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Meet one of Irwin Siegel Agency's New Jersey Underwriters, Robin Houck.
Robin is well versed in issues facing Social Service providers, especially in the state of New Jersey. Ms. Houck's knowledge and experience allows her to proactively address the complex needs of various Social Service programs and non profit providers within the Human Service field.
Below, Robin identifies a few of the issues facing this segment and the solutions offered through ISA. She also answers questions that have been frequently asked by insurance agents and brokers.
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Issues facing New Jersey Social Service Providers
Increased demands for core service
Suffering from job cut backs or lay-offs; more and more individuals are seeking various forms of treatment and putting a strain on social service providers. Community service providers may see an increase in homeless individuals and families and an increased need for job training programs or job referral services.
Residential programs may be forced to compensate for families that are no longer financially able to care for their disabled children.
For non-profit insured clients, ISA sponsors membership to the Society for Nonprofit Organizations (SNPO). This is an organization dedicated to providing nonprofit staff members, volunteers, and board members with affordable resources and information to work more effectively and efficiently towards accomplishing their mission.
Click Here to learn more about ISA Partner Services.
Expenses exceeding support & revenue
Due to funding issues throughout the US, many service providers are faced with decreasing state funding and grant availability. Facilities are also turning to the public in hopes of receiving individual donations. Many individuals have cut back on their own personal expenses, which has greatly affected the amount of donations if they are contributing at all. This lack of funding has challenged many facilities in balancing the increased daily and operational expenses with decreased revenue support.
Our Risk Management professionals have personal experience in the social service field. With a rare combination of knowledge and understanding, these professionals offer solutions that are creative, comprehensive, realistic and above all, successful. Some of the topics we focus on include Consultation Services, Consumer & Employee Safety, Management Issues, Workshops/Seminars, Workforce Issues, and affordable Background Checks.
Click Here to Learn more about ISA Risk Management Services.
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Coverage Highlights
HIPAA Endorsement This form will pay the sums the insured becomes legally obligated to pay as damages because of HIPAA violations.
Volunteer Accident Insurance
For a small premium the insured can provide accident medical coverage to their agencies volunteers and board members. Many Workers Compensation policies do not cover volunteers as insured's.
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NJ Agents & Brokers Frequently Asked Questions
Why would an insured need Professional Liability coverage?
Any facility that provides direct care services should have Professional Liability coverage. This coverage indemnifies the organization against loss resulting from wrongful acts by staff members or volunteers.
What are the benefits of Blanket coverage for Property?
Blanket coverage provides a combined limit consisting of the total building and contents values for multiple properties.
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Directors & Officers & Employment Practices Liability FAQ
Director's and Officers (D&O): This coverage was created to protect nonprofit organizations and their board members against claims not covered under the organization's general liability policy. Examples of such claims include alleged misuse of funds, age discrimination, failure to supervise an executive director, and breach of fiduciary duty.
Employment Practices Liablity (EPLI): This coverage protects against claims made by or on behalf of employees for a wrongful employment act, including allegations of wrongful termination or treatment, discrimination or harassment.
Can D&O be written on a mono-line basis?
YES. We can write D&O as a single policy or as a support for our package accounts. These policies also include Employment Practices Liability which protects against claims related to discrimination, wrongful termination, and sexual harassment. Fiduciary Liability is also available at an additional cost to provided protection to individuals handling the organizations pension plans.
What classes of business are eligible for D&O / EPLI coverage? We are able to write most classes of business. Please feel free to contact us for eligibility or fill out a short application through our website: Directors and Officers Products
* ISA offers competitive D&O / EPLI quotes with a quick turnaround time. The coverages can be written with a package policy or as a stand alone policy. For more information, please call ISA tollfree at 800·622·8272. |
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If you would like more information, please call us at 1.800.622.8272 or visit our website.
Sincerely,
sara ruggiero
phone::800.622.8272 ext. 5157
irwin siegel agency, inc.
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