I-RE adds professional liability to RE-PAID product line
I–RE, the captive specialist insurance and reinsurance company underwriters, has announced that it has strengthened its RE–PAID captive product with the addition of professional liability (PL) alongside general liability (GL) for the care sector.
The cover will be offered as a combined policy. I-RE launched RE–PAID in 2019 and claimed that it was the first all-in-one captive-enabled P&C product specifically designed for high-performing mid-market US businesses.
RE–PAID now offers brokers and their care sector clients comprehensive primary liability coverage. The addition of PL simplifies access to A-rated insurance for care businesses who want to back themselves by taking risk in a captive.
I–RE said that it makes captives easy for mid-market business owners with RE–PAID – an off-the shelf commercial property and general liability captive product specifically designed to enable brokers to quickly and easily deliver for high-performing US mid-market clients.
RE–PAID key features:
- One simple A-rated P&C captive product
- Specifically designed for brokers and their high-performing mid-market US clients
- Easy to set up
- Flexible
- Low cost
- No need for fronting
- No need to place reinsurance
- Non-stacking collateral
Andy Jeckells, co-founder of I–RE, commented: “Adding professional liability to RE–PAID makes it easier for brokers to give their care sector clients the cover they need. With PL and GL combined in one simple product, we’re cutting out complexity and costs, while offering the strength of A-rated insurance. It’s a straightforward way to turn insurance into something that supports growth rather than just another expense.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
