These endorsements are used by the Astara Underwriters to tailor the policy to the individual needs of the insured. These endorsements, while available, are used on a limited basis and are used to specifically customize the policy to the needs of the client. These endorsements include:
Definition of Insured The policy may be amended to change the definition of the insured depending upon the needs of the insured.
Amend Definition of Professional ServicesThis endorsement allows the underwriter to add those professional services to the policy that the firm may perform but may not specifically be included in the policy.
Amend Where Professional Services may be Rendered The underwriter may expand or limit the area(s) where the insured’s professional services may be performed. This allows the underwriter to customize the coverage to the needs of the client.
Punitive Damages CoverageThis endorsement is included if the insured’s previous policy included Punitive Damages or if the state requires that the coverage be provided.
Reduced Deductible for Specific Client The deductible may be reduced for claims generated from professional services performed by the insured for a specific client. This endorsement is for clients that represent a significantly high percentage of revenues for the insured.
These endorsements are used by the Astara Underwriters to provide accurate retroactive dates for those individuals within the firm whose retroactive date is significantly different from the firm’s retroactive date once again allowing us to customize the coverage to the needs of the insured.
Named Individual Retroactive Date Exclusion If an individual in the firm has a separate retroactive date the policy may be amended to provide the separate retroactive date for that individual.
Separate Retroactive Date for Specific InsuredsThis endorsement is used if more than one individual in the firm has a separate retroactive date. The policy may be amended to provide separate retroactive dates for numerous individuals.
These endorsements are used by the Astara Underwriters to limit or reduce coverage provided within the policy. The underwriters use these endorsements on a very limited basis.
Professional Services Exclusion The underwriter may choose to specifically remove professional services performed by the insured because they may be covered under a separate policy. Conversely, the underwriter may decide to limit the coverage by removing a professional service that the underwriter may choose not to insure.
Removal of Deductible Waiver This endorsement removes the deductible waiver (a reduction in the deductible) from the policy and is therefore seldom included on the policy.
Specific Circumstances ExclusionThis endorsement allows the Astara Underwriter to limit defense and payment of claims for specific circumstances that the underwriter may not want to provide coverage for under the policy.
Specific Entity Exclusion with Specified Date This endorsement allows the Astara Underwriter exclude coverage for entities previously owned by the insured that have been sold to another entity for which the insured no longer has an interest.
Specific Person or Entity Exclusion This endorsement allows the Astara Underwriter to exclude coverage for acts by the insured on behalf of for specific individuals or entities.
The use of these endorsements will be thoroughly discussed with your insurance representative who in turn will discuss the endorsement(s) with you. If you have any questions, your insurance agent will be able to assist you or if you prefer you may contact Astara Insurance Solutions as we will be happy to assist you at any time.
