LIPCA Offers National General Liability Program Through Lloyd’s of London

BATON ROUGE, La. — Effective Jan. 1, 2007, LIPCA began a new national pest control general liability program through Lloyd’s of London.  In “Lloyd’s” terminology, the relationship is called a “Coverholder”, allowing LIPCA to bind coverage and issue Lloyd’s of London policies, handle claims, market to agents and PCOs, collect premium, audit policies and report to regulatory agencies.  

As the originator of the concept of insurance over 300 years ago, Lloyd’s of London has protected everything from 17th century sailing ships to communication satellite launches. The strength, stability and sound judgment of Lloyd’s of London are well established and help guide the worldwide insurance market. Lloyds of London is rated A by AM Best.

LIPCA was “sponsored” by BRIT, one of Lloyd’s 66 syndicates, and was allowed by them to draft the policy language that met the specific insurance needs of pest control operators, as well as develop the underwriting guidelines that determine company eligibility.  The Lloyd’s of London general liability program through LIPCA, Inc. will be available to PCOs and their agents in all 50 states.

LIPCA insureds will benefit from more in-house control of pricing, claims and underwriting decisions, an improved rating system and limits of liability with aggregates of up to $5 million, reducing the extra expense of umbrella or excess policies for PCO customers that demand higher limits.  A list of general liability features can be found on the LIPCA web site: http://www.lipca.com/insurance_programs-pest_control.php