Basic Star Management Co. has enhanced its coverage for specialty education operations and seeks people that are privately operated providing classroom or physically lively instruction in which participants are engaged in physically demanding or hazardous pursuits. This includes light, reasonable or large-hazard operations involving exposures to participant damage. Target courses assortment from startups to businesses with up to $ 25 million in revenue.
Underwritten by Basic Star’s Casualty Division, major and excess coverage is presented on a non-admitted basis by Common Star Indemnity Co. General Star is a wholly-owned subsidiary of Basic Reinsurance Corporation, a member of the Berkshire Hathaway family of businesses.
Custom made features incorporate: miscellaneous professional liability protection with bodily damage and property damage triggers participant damage coverage (including minors, subject to eligibility) and independent contractor instructors included as an added insured. Applicants are also eligible for the PLUS Endorsement which offers safety for 6 sorts of extra insureds. Other insurance coverage on a principal and non-contributory basis is obtainable, as properly as waiver of subrogation, employment associated practices and healthcare payments coverage.
Limits up to $ 10M are offered.
Standard Star Indemnity Firm is an eligible surplus lines insurer in all states, the District of Columbia, Puerto Rico, and the Virgin Islands. It has the status as an unlicensed insurer in California and operates below NAIC Variety 0031‐34991. Insurance is positioned with the Common Star Indemnity Company by licensed producers and, for dangers that qualify, by licensed surplus lines brokers. This item is not offered in all states.