1. News Articles
  2. Related News Articles
  3. Comments (1)
News Article Details

Professional Liability Services Launches BI, Extra Expense Coverge for Bed Bug Infestations

Posted on 17 Jun 2011

Facebook LinkedIn Twitter Google

Professional Liability Insurance Services, Inc. – Underwriting Facilities is introducing the first business interruption and extra expense coverage for bed bug infestations for lodging facilities.

The Policy Features include:

*No waiting period for policy triggers

*Up to 6 month period of restoration available

*NO DEDUCTIBLE for all expenses except Decontamination Expenses (coinsurance applies for decontamination expenses)

*Loss of Lodging Revenue

*Rehabilitation Expenses:

  -Overtime of regular staff

  -Other mitigation expenses

Third-Party Remediation Expenses:

*Customer decontamination expenses
  -Onsite customer first aid

*Extortion Payments

*Decontamination Expenses (affected lodging room and lodging rooms immediately adjacent to the affected lodging room)
  -No co-insurance for first $5,000, then 10% co-insurance applies

*Immediate and expert crisis management from Specialty Risk Management, Inc.:

  - 24/7 customer hotline

  -Assistance with regulatory authorities and requirements

  -Marketing and media control

  -Preventative resources (bed bug prevention checklists, informal questions, etc.)


lneilson Jun 17 2011 2:35PM Report Abuse
This story makes me itch
Post a Comment
If you are a Storefront / Tradingfloor user, click here to login.
Note: As a guest user, please fill out the form below to post a comment.
Post your comments here.
Name :
Email Address :
Captcha :
Comments :
Character left : 2000