2007-2008 IEEE Multiplan Brochure

The IEEE Professional Liability Insurance Plan L L L L “Prior Acts” coverage also available Firms: For firms and self-employed members, limits of liability begin at $100,000/$300,000 (per claim/annual aggregate) and go all the way up to $1.5 million/$1.5 million. Outside Contracting or Consulting Services: If you are employed but also have your own business, you can get coverage for your outside services with limits of liability ranging from $100,000/$300,000 (per claim/annual aggregate) to $500,000/$500,000. “Prior Acts” coverage is also available for qualifying applicants. This extends coverage for claims made during the policy period resulting from acts that occurred prior to the inception of the policy. If you currently have professional liability insurance, this may be made available. A retroactive date will be placed on your policy, and acts that occurred after that date are considered for coverage. Of course, for coverage to apply, you must not know of a claim filed against you or any incident that could reasonably be foreseen to result in a claim prior to the inception date of the policy. We recommend reporting any such incidents to your current carrier. Premium financing helps balance budgets For individuals or firms with premiums of $1,000 or more, premium financing is available at competitive annual percentage rates (APR). It’s a great tool to help you budget your liability protection. At No Extra Cost. Licensing Board Defense Coverage has been added as a feature to the IEEE Professional Liability Program. This enhancement reimburses $10,000 to the insured for defense costs in the event the insured engineer is brought before the state licensing board. This coverage is added at no additional premium. Credit Cards For individuals or firms with premiums of $1,000 or more, MasterCard or Visa may be used to pay your professional liability premiums. In addition to the per-claim limit of liability, Optional Defense Coverage is now available. This feature allows you to purchase an additional limit of coverage for defense expenses above the per-claim limit of liability, not to exceed $1,000,000. For example: If you have limits of $100,000/$300,000, you may purchase an added $100,000 of coverage to be used for defense costs. L L Licensing Board Defense Coverage— Optional Defense Coverage Plan Information Build a plan that meets your needs This is merely a brief summary of the policy. Since the actual policy itself, not brief summaries like this, determines coverage, we advise you to read and understand the policy language. You can count on this IEEE Plan for professional liability protection at an affordable cost—whether you’re self-employed, part of a firm or providing engineering services outside of your employment. Choose from several levels of liability protection to fit your needs. So, if you are self-employed or part of a firm, it’s critical to ensure that you have adequate financial protection in the event of a lawsuit. Help safeguard your future with IEEE’s Professional Liability Insurance Plan — specifically designed for engineers! This Plan is underwritten by Certain Underwriters at Lloyd’s of London. CA #0633005

Table of Contents Feed for the Digital Edition of 2007-2008 IEEE Multiplan Brochure

Group Term Life Insurance Plan Group 10-Year Level Term Life Insurance Plan Group 20-Year Term Life Insurance Plan Group Disability Income Insurance Plan Professional Liability Insurance Plan Long-Term Care Plan Additional Plans & Information

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