Risk Purchasing Group for Umbrella Liability Products (for Community Associations & Timeshare Associations) We have developed a risk purchasing group for umbrella liability policies underwritten through Zurich North America and Chubb Insurance Group. Currently, we have four umbrella policies available in limits of $5,000,000; $10 Million $15 Million and $25 Million, and $25 Million excess of $25 Million, excess of GL, Auto and Directors and Officers policies. We have developed a risk purchasing group for umbrella liability policies underwritten through Zurich North America. The financial security of Zurich North America; Zurich has ratings of A+ 15, and AAA from A.M. Best and Standard and Poors, respectively. The financial security of Chubb Insurance Group has ratings of A++ 15, and AAA from A.M. Best and Standard and Poors, respectively. Coverage A of the form is an absolute following form umbrella. This means the umbrella policy will follow the underlying package exactly. It will rely on the definitions used in the underlying; if coverage exists there it will be covered under this policy as well. Developer Sponsored Boards are Eligible! High Rise Associations to twenty-five (25) stories are eligible. Excess of Directors & Officers, General Liability, Automobile, Employee Benefits, Employers Liability, Including Employment Practices Liability* (*if covered under the D&O). For Time Share's, excess Liquor Liability, if applicable Minimum Underlying Insurance Requirements: Best's Rating A-VII or better General Liability: $1,000,000 Per Occurrence $1,000,000 Personal & Advertising Injury $1,000,000 Products/Completed Operations/Aggregate $2,000,000 General Aggregate Per Location Automobile: $1,000,000 Auto Liability BI/PD Combined Single Limit for all autos Employers Liability: All States $500,000 Each Accident $500,000 Each Disease/Employee $500,000 Each Disease/Policy Limit Directors and Officers: $1,000,000 Per Occurrence and Aggregate Liquor Liability: $1,000,000 Per Occurrence and Aggregate Employee Benefit Liability:   $1,000,000 Per Occurrence and Aggregate Program Highlights Following Form Named Insured Following Form General Liability Following Form Directors & Officers Liability Following Form Provisions Following Form Liquor Liability Following Form Automobile Following Form Employers Liability Absolute Pollution Exclusion Following Form Employee Benefits Liability Following Form Personal Injury Following Form Aggregate Per Location NJ State Amendatory $10,000 Coverage B Self Insured Retention Certified Act of Terrorism Retained Amount Provisions -Coverage B Disclosure of Terrorism Our Exclusions: Absolute Lead Exclusion (Coverage A&B) Fungus Liability Exclusion Earthquake Exclusion Flood Exclusion Care, Custody or Control Exclusion Absolute Pollution with Hostile Fire Exception Exclusion Error's and Omission Exclusion (Real Estate Agent, Property Manager) Designated Operation or Work Performed Exclusion (Contractor's) Members Our members range from small start up associations to large multi-thousand unit complexes. New Construction, associations currently under development, builder/developer controlled associations, established associations, Homeowners Associations, Planned Unit Developments and Timeshare Associations are all eligible for coverage under the program. With low minimum premiums of $750, $1,250, $1,500, $2,000 and $3,500 we can confidently say, "We've Got You Covered". No matter what your size, Preferred Property Risk Purchasing Group is your choice for quality insurance protection at competitive prices.