Risk Placement Services (RPS) has announced a new public-entity program for clients through a partnership with Munich Re Specialty Insurance (MRSI), the insurance business operations of affiliated companies in the Munich Re Group.
The new program expands on an existing partnership between RPS and MRSI to offer a first-dollar, low-deductible insurance product for public entities and special districts. The packaged insurance program includes standardized coverages including general, auto, law enforcement, public officials and employment practices liability. They can be supplemented by active-shooter liability, special events, cyber liability and workers’ compensation.
“Law enforcement and public officers are under heightened scrutiny today, which has consequently led to greater exposures for their public entities,” said Bob Lombard, area president of RPS-PNP, a national program administrator. “RPS and Munich Re understand these unique risks, and this new program gives public entities the confidence that the coverage matches their needs, so they can continue serving their communities. MRSI’s extensive underwriting and claims expertise has positioned RPS to deliver a full portfolio of products to public entities.”
“Munich Re has been a financially strong, consistent market for public-entity business for more than 25 years,” said Kevin Johnson, head of insurance programs for MRSI. “We are pleased to expand our partnership with RPS to offer the protection public entities need for their unique risks.”