Professional Liability Insurance for Chemical Consultants. Member ACS. Insurance. Insurance. Program. Plans

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1 Professional Liability Insurance for Chemical Consultants ACS Insurance Plans Member Insurance Program

2 Insurance solutions that work to protect you and your business. No matter how cautious you are, the possibility of being sued is a reality for the chemical consultant. As a chemical consultant, can you afford a six figure lawsuit? The average cost of defending a single professional liability claim is on the rise. Even if a claim is false or fraudulent, the related time and costs can be devastating to a private practice. You deserve peace of mind. The ACS endorsed Professional Liability Plan, also known as Errors & Omissions (E&O), protects against claims alleging errors, omission and/or negligence in the rendering of, or the failure to render, professional services. Given today s litigious society, organizations are requiring that chemical consultants maintain Professional Liability coverage before contracting their services. The Professional Liability Insurance Program is Endorsed by the ACS. The Board of Trustees, Group Insurance Plans for ACS Members has collaborated with Hays, to create an affordable Professional Liability product that includes the broad breadth of coverage necessary for the consulting chemical professional. Questions? Call (888) or visit us

3 The turn-around time for processing forms, the courtesy, and the assistance Hays has provided have all exceeded expectations. It should also be noted that the price for the insurance is less than going with a private provider. Deborah Smith Kestrel Environmental Technologies Program Highlights The Professional Liability Plan covers defense costs, liability settlements, and also includes unique coverage enhancements including: Contingent Bodily Injury/Property Damage This coverage is provided as a result of an error in rendering professional services as a consulting chemist. Most professional liability policies exclude claims of this nature. Dedicated Claims Counsel The Professional Liability Program has dedicated claims attorneys from the law firm Kissel, Hirsch, Wilmer LLP. They have been working with ACS members for ten years and are well versed in handling chemical consulting related claims. Risk Management Tools Through the online Risk Management Center you are privy to a variety of risk management tools including sample contracts and claims avoidance techniques. Claims Made Policy A claims made policy covers claims that are reported and which have occurred during the policy period and subsequent to the retroactive date. Worldwide Coverage Territory is worldwide - as long as suit is brought within the United States & Canada. Prior Acts Coverage Available This coverage can offer protection against claims arising out of incidents that occurred prior to the inception date of your new policy. Premium Financing To help accommodate your business budget, competitive financing rates are available to qualified individuals upon request. Typically, payments can be financed over a 9 month period. Competitive Group Pricing The ACS Professional Liability Programs negotiates competitive group rates for members, minimum premiums starting at $850*. *Please note, reference made to any premiums above do not include policy fee or state tax. at for more information.

4 Part-Time Moonlighting Option If you provide independent consulting services outside of standard school, college or university employment you may qualify for the part time coverage. Features of the part time option: Annual premium starting at $350* $2,500 deductible $100,000 limit To be eligible for the part-time consulting option annual revenue from consulting services must not exceed $30,000. *Please note, reference made to any premiums above do not include policy fee or state tax. Whether you are consulting full time, a business owner or consulting part-time, protection is available at a competitive price. For a no-obligation quick quote from the ACS Professional Liability Program Administrator please fill out the form on the next page, detach and send it back to Hays Affinity. Easy Ways to Apply for Coverage: Visit Call and talk to a live person Fax application to

5 ACS Professional Liability Quick Quote ACS Professional Liability Program Administrator 1025 Thomas Jefferson St. NW, Suite 425W Washington, DC Section I. Applicant Applicant Name: Company Name: Telephone: Website: Does the applicant have a Professional Engineering License? Yes No Does applicant currently have a Professional Liability Policy? Yes No Applicant has membership in which association: AIChE ACS Both Section II. Professional Disciplines (Note % of work done in each area) Biotechnology % Process Engineering % % Energy Fuels % Toxicology Environmental % Writing % Health & Safety % Other % Lubricants/Oils (Petrol) % Other % Pharmaceutical/Medicinal % Other % Please indicate percentage of work applicant subcontracts to others: % Section III. Gross Revenue (Please estimate if you are a start up) Last 12 months: $ Current 12 months: $ Section IV: Claims History Have any claims or suits been made against the applicant? Yes No Are any member(s) aware of any circumstances/allegations to any incident, which may result in a claim being made against the Applicant? Yes No Has insurance of the type for which the applicant is now applying been declined, cancelled or had the renewal thereof refused? Yes No Section V: Coverage Options A. If currently insured, please provide information below. Limit Premium Insurance Co. Retro-Active Date Policy $ $ B. Please indicate applicable Limit of Liability & Deductible options. Limit of Liability: Deductible: $250,000/$250,000 $5,000 $500,000/$500,000 $10,000 $1,000,000/$1,000,000 Other (Specify) Part-Time Coverage* - $100,000 limit & $2,500 deductible (*Gross revenue must be under $30,000 to qualify for part-time option) Are you interested in General Liability Coverage? Yes No Fax: Toll Free: (888) Fax: (202) questions@hayscompanies.com Non-Binding Quick Quote Application Please detach page and fax back to (202) A full version of the application is available online at

6 ACS Professional Liability Insurance Program Administered by Hays Affinity Hays is a highly regarded insurance broker, administrator, and consultant prominent in the specialized field of association insurance programs. As a member of Hays Companies, we are able to design efficient, cost effective, and financially sound programs that meet the actual needs of every association. Our mission and philosophy of delivering high-quality, customer focused service has led to significant growth and recognition in the marketplace. Today, the company employs more than 600 experienced professionals in over 20 locations throughout the United States. Business Insurance magazine has consistently ranked Hays Companies among the 25 largest brokers in the United States. Underwritten by Lloyd s of London Lloyd s of London currently enjoys an A (Strong) claims-paying rating from Standard & Poor s and an A- (Excellent) rating from AM Best. These ratings are your assurance of financial stability and sound operating performance. Lloyd s longevity in professional liability insurance demonstrates their long-term commitment to your coverage. Lloyd s of London provides specialist insurance services to businesses in over 120 countries. It is the world s second largest commercial insurer and sixth largest reinsurer. Underwriters at Lloyd s are not licensed insurers in any state except Kentucky, the United States Virgin Islands, and Illinois (where Underwriters are both licensed an eligible surplus lines insurers).underwriters at Lloyd s are eligible surplus lines insurers in all other states. NOTE: Coverage is being offered through the Chemical Professionals Purchasing Group (CPPG), a risk purchasing group that was established for members of the American Chemical Society (ACS). Therefore by completing an application and purchasing the insurance, an ACS member becomes a member of CPPG Thomas Jefferson St. NW, Suite 425W Washington, DC phone fax

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