|Chartis Introduces OMNI-GOLD® for Higher Education Institutions|
NEW YORK – October 28, 2009 – Chartis today announced the introduction of OMNI-GOLD®, developed by its Cat Excess Liability Division to enable higher education institutions to purchase follow form excess casualty coverage and a combination of excess financial lines coverages in one policy. OMNI-GOLD is designed to cover diverse and potentially catastrophic risks such as a: dormitory fire; foodborne illness in a dining hall; serious injury from an overzealous stadium crowd; allegation of harassment in a classroom; or class action suit from faculty alleging discrimination associated with lack of tenure.
OMNI-GOLD offers a shared aggregate excess limit of liability of up to €/$50 million in principal areas of exposure, eliminating the need to purchase individual excess policies. Most importantly, insureds do not have to change the way they currently purchase insurance, with the ability to maintain separate primary policies and continue primary carrier relationships with familiar coverage language. OMNI-GOLD drops down in the event of a covered loss.
“Given the unpredictability of liabilities and litigation, the purchase of catastrophic liability limits by higher education institutions is vital,” said Jeremy Johnson, President of Cat Excess Liability. “OMNI-GOLD addresses the liability risks that these institutions face with broad coverage, local service, flexibility and choice.”
For more information regarding OMNI-GOLD, please contact Joseph Klimek, Vice President of Cat Excess Liability, at (312)930-4754 or firstname.lastname@example.org. You can also visit www.chartisinsurance.com.
Chartis is a world leading property-casualty and general insurance organization serving more than 40 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.