Pearl Insurance, General Star expand professional liability program to more states

Pearl Insurance, General Star expand professional liability program to more states | Insurance Business

Pearl Insurance, General Star expand professional liability program to more states

Pearl Insurance is collaborating with General Star to expand the availability of a custom professional liability program for accountants in 10 more states.

The Accountants ProtectionPlus program is now available in the states of California, Montana, Idaho, New Mexico, Arizona, Connecticut, New Jersey, Michigan, Wyoming, and Maryland. In total, the program is now available in 42 states.

The professional liability program has also filed new and competitive rates for existing Pearl and General Star program states, and has added new features such as:

  • Multiple deductible reduction options available with the possibility of complete waiver with eligible scenarios.
  • No hammer clause.
  • Broad definition of professional services.
  • Reputation protection coverage.
  • Premium credit for participation in certain risk management activities.
  • Pre-claim assistance and access to risk management experts.

“We are excited to expand our relationship with General Star,” said Pearl Insurance CEO Gary Pearl. “We believe this alliance will better help our customers to live and work worry-free, as we continue to look for ways to improve our professional liability program.”

“General Star is thrilled to work on this program with Pearl. The expansion, as well as a more competitive rating platform, demonstrates our commitment to this class of business,” commented General Star vice-president Tom Gersch.

The move months after Pearl Insurance teamed up with The Hanover in May; the latter joined as a new carrier partner for Pearl Insurance’s Lawyers ProtectionPlus risk purchasing group.

Read more: Pearl Insurance partners with The Hanover for lawyer risk purchasing group

In addition to the expansion of the Accountants ProtectionPlus program, Pearl Insurance revealed in a release that it will launch a new online portal. The portal will allow coverage to be easily quoted, bound, paid, and issued online.