General Star Management has introduced Vantage360 MPL, a miscellaneous professional liability (MPL) program in all states. The program is offered through V3 Insurance Partners, General Star’s exclusive program administrator for this new national facility.
General Star has said that the the Vantage360 MPL program provides professional liability coverage for small to medium-sized non-degreed professionals and professional services firms.
According to General Star, more than 300 middle-market professional classes will be underwritten for the introductory phase of the Vantage360 MPL product line. The program is written on a primary basis and targeted at firms with up to $25,000,000 in receipts.
Unique program coverages include reputation restoration protection and disciplinary proceedings protection. Optional coverages consist of privacy and security, intellectual property, sexual abuse/molestation, and contingent bodily injury/property damage, the company said.
Coverage will be written on a non-admitted basis in all states by General Star Indemnity or General Star National Insurance.
Robert Parker, SVP and professional lines national practice leader for V3 Insurance Partners, said: “The MPL market continues to expand. The recent economic crisis has fueled the growth of small, home-based consulting and service businesses. V3 is pleased to develop a customized product responding to the needs of this market segment.”