Secret Site Map
Monday, October 20, 2014

Home News Terminix Partners with Insurance Company to Offer Bed Bug Insurance

Terminix Partners with Insurance Company to Offer Bed Bug Insurance

National News

Terminix has partnered with Aon Risk Solutions and Global Excess Partners to unveil a bed bug insurance solution.

| June 16, 2011

Aon Risk Solutions, the global risk management business of Aon Corporation, announced its strategic alignment with Global Excess Partners, an innovator in the insurance specialty products business, and Terminix, to unveil the first ever bed bug insurance solution for hotels, landlords, student housing, corporate businesses and leisure travelers.

This suite of products offers an integrated pest management approach to specifically target bed bugs and combines insurance coverage with Terminix's specialist bed bug elimination resources to deliver cost savings and greater budgetary certainty while successfully treating and protecting premises.

"When we heard and saw what Terminix can do, we realized there was an opportunity to not only develop an insurance product, but to partner with the resources of the leading professional bed bug specialist to raise the stakes in the war against bed bugs," said Mary Pat Thurston, a partner with GEP.

"This is the first comprehensive insurance product for bed bug infestation and the first response from the private sector to address a growing national issue," added Aon Risk Solutions' National Property Practice Leader Al Tobin. "We are committed to helping businesses and individuals stop the spread of this epidemic."

Previously, the cost of bed bug elimination and replacement of infested property was excluded in property insurance policies, and only those hospitality companies with loss of attraction coverage on their policies had any protection for lost business resulting from taking rooms out of service. Most bed bug-related expenses were unplanned cost items paid out of pocket.

This new suite of products delivers the following benefits, subject to policy limits, terms and conditions:

*Insurance to cover the cost of bed bug elimination
*Insurance to recover lost revenue resulting from taking rooms out of service during bed bug elimination
*Dramatically reduced need to destroy room contents; in many situations, contents can be successfully treated rather than destroyed and replaced
*Multi-faceted, integrated bed bug management approach includes a new, non-toxic elimination treatment that can return a room to service in five days or less
*Discounted rates for mattress encasements and bed bug kits for greater peace of mind
*Tips to prevent further outbreaks

Nancy Green, executive vice president of Aon Risk Solutions, stated: "The hospitality industry has been dealing with this unplanned, uninsured exposure for years but never had a product to help manage its variability. With the heightened awareness in the real estate and education sectors and the elevated concerns of business and leisure travelers nationwide, there has never been a more important time for the private sector to bring a comprehensive solution to the table."

Top news

Extreme Spider Infestation Forces Missouri Family to Relocate

A family was driven from their suburban St. Louis home by thousands of venomous spiders that fell from the ceiling and oozed from the walls.

Landscaper Killed by Bee Swarm

One person is dead and several others are recovering from bee stings after a huge swarm of about 300,000 bees attacked landscapers working outside a home in Douglas (Ariz.), TucsonNewsNow.com reports.

UC Survey Asks PMPs What Are Their Biggest Bed Bug Concerns

University of California urban entomologists have launched an electronic survey to gather information from PMPs about what they are doing to manage bed bugs, and to determine what kind of bed bug research is needed.

AMVAC Introduces Nuvan Directed Spray Aerosol

Featuring the active ingredient dichlorvos (DDVP) the product can be used to control bed bugs, cockroaches, fleas and 21 other structural pests.

WCBB Raising Funds to Help Injured Industry Professional

Trade group Wildlife Control Business Builders (WCBB) is raising funds to help ECO Wildlife Solutions' Susan Sims, who suffered serious injuries as a result of a ladder fall.

x