Miscellaneous Professional Liability (MPL)

ALTRU Program Features

ALTRU, LLC / Old Republic Insurance Company
ALTRU Miscellaneous Professional Liability Insurance Policy: Form ORME-001

ALTRU Coverage Highlights

Insurance contracts are issued on behalf of Old Republic Insurance Company, rated A+ (Superior) by A.M. Best, A2 (Stable) by Moody’s, and A+ (Stable) by Standard and Poor’s.

ALTRU Program Overview:

  • Admitted Security
  • Claims-Made
  • Duty to Defend
  • “Pay on Behalf of” language
  • Limits from $500,000 to $5,000,000 available
  • Coverage for a wide variety of professional classes

ALTRU Coverage Includes:

  • “Claim” includes both monetary and non-monetary demands
  • Coverage for “Personal Injury Offenses”
  • Independent Contractors included as “Insureds”
  • “Subsidiaries” included as “Insureds”
  • Favorable 70/30 Settlement Clause is standard
  • $10,000 Disciplinary Proceeding supplementary limit
  • Punitive Damages coverage where insurable by law
  • Three-year bi-lateral Extended Reporting Period standard
  • No discrimination exclusion
  • Professional Service definition tailored to each risk

Optional ALTRU Coverage Available:

  • Contingent BI/PD on select classes
  • Split Limits available
  • Ability to add Additional Insureds
  • Prior Acts coverage available on some risks where no prior coverage existed

Minimum Premium and Retention:

  • No minimum premium
  • $1,000 minimum retention for each Wrongful Act

The terms and conditions of the coverage may be modified by policy endorsements and applicable state requirements. Review the policy itself including any amendments for full coverage details.

Admitted in the following 21 states, with surplus lines coverage available in other states:

AL, AR, DE, FL, GA, IA, IL, IN, KY, MA, MI, MN, MO, NC, NJ, OH, PA, SC, TN, VA, WI

Applications

Altru Miscellaneous Professional Liability Application

Policy: Duty to Defend

ORME-001 (08-2014)
ALTRU Miscellaneous Professional Liability Insurance Policy

TARGET CLASSES OF BUSINESS

Consultants

IT and software services

Travel Agents

Event planners

Payroll processors

Billing services

Employment/staffing firms

Advertising agencies

Graphic designers

Interpreters

Construction managers

Trustees

Abstractors

Real estate agents

Property managers

Mortgage brokers

Inspection services

Safety consultants

Testing labs

TPAs

And many, many more!