The new CEFF policy follows the insuring agreements, exclusions, definitions and conditions in the underlying Chartis insurers’ EAGLE and PRO-PAC® primary policies that provide general liability, pollution and optional professional liability coverage. By offering limits up to $25,000,000 and variable limit options for pollution or professional liability, the CEFF policy can provide a customized solution that meets policyholder needs. Similar excess limits are available over an underlying employer’s liability, commercial automobile, non-admitted foreign liability, and maritime protection and indemnity policies.
The addition of CrisisResponse® enhances the protection offered by the new CEFF policy by providing the tools needed to manage a crisis, control claims and help restore a company’s reputation in the event of a potentially catastrophic crisis. The built-in coverage enhancement offers additional policy limits to access leading crisis management firms and the support of in-house claims specialists. Specifically, CrisisResponse® offers:
*Up to $250,000 indemnification for crisis management costs such as temporary living, travel, psychological counseling, and medical and funeral expenses;
*Up to $50,000 indemnification for public relations expenses, enabling policyholders to access an extensive network of public relations and crisis management firms;
*Access to in-house claims specialists, with a 24-hour, toll-free crisis hotline; and
A product recall enhancement that amends the definition of CrisisResponse® costs to include indemnification of expenses incurred by the recall, inspection or disposal of an unsafe or contaminated product in connection with a crisis situation.
Policyholders of the new CEFF policy are also given access to several programs to further enhance their solution to risk management. Specifically, access is provided to:
*The Pollution Incident and Environmental Response program (PIER), which provides insureds access to a 24-hour emergency response network; and
*RiskTool, a Web-based environmental, health, safety and property risk management resource.
For more information regarding the CEFF policy, please contact 1-800-348-4314 or send an e-mail to environmental@chartisinsurance.com.