|
|
|
|
|
|||
|
Why should we buy our professional liability insurance from the NLADA Insurance Program? First, premiums and coverages are comparable to or better than anything available in the marketplace; and Second, the NLADA Insurance Program is overseen by a board of directors made up of NLADA members, assuring that your interests are being represented at the top, decision-making level. Why is there so much fluctuation in professional liability premiums? Put simply -- competition. Since the inception of the NLADA Insurance Program in 1995, premium levels have fallen dramatically. This is because more than one program is now vying for your business. The NLADA Insurance Program is happy to see this development even if you do not currently purchase your insurance from us. However, the NLADA is the one program that assures you that, over time, its premium levels will continue to bear an appropriate relationship to claims incurred by program participants. Who is the carrier for the program? CNA Financial Corporation, a domestic insurer, one of the largest insurance companies in the world. The CNA companies who issue policies for the NLADA Insurance Program enjoy a financial rating of “A” or “Excellent” Who is the program's broker? Wachovia Insurance Services, one of the most respected names in the business. WIS's presence in the program assures NLADA and program participants that the program's interests will always be effectively represented in the commercial insurance marketplace. What is NLADA Service Corporation? The NLADA Insurance Program is a wholly owned subsidiary of NLADA. Service Corporation is a nonprofit corporation that was formed to administer the NLADA Insurance Program. Service Corporation is staffed by experienced insurance professionals who support you and your work. Please contact the NLADA Service Corporation with questions or comments. Kevin Horsted, Vice President
|
|||