In conjunction, the company is also introducing AdvantagePAC +7
General Star Management has introduced 40+ AdvantagePAC, a new package policy containing more than 40 additional or enhanced coverage features.
In conjunction with the 40+ AdvantagePAC policy, General Star is also introducing its new AdvantagePAC +7, which is expected to provide seven additional coverages including employment practices liability and water back-up, for an additional premium. The AdvantagePAC +7 endorsement is available only for accounts written on the 40+ AdvantagePAC policy, the company reported.
Ralph Sabbagh, manager of the Contract division, Property & Casualty unit, said: “Our new package policy is designed specifically to address the challenges faced by insureds in the current economic environment. New risks to business owners, emerging from technology and other areas, require inventive responses. General Star is committed to delivering innovative solutions to expand coverage in an affordable manner for our small business customers.”
Gregory Diorio, chief operating officer of General Star, said: “We are delighted to continue to provide our wholesale brokers and their customers with creative products from a pipeline of product development ideas.”