Special Liability Insurance Policy (SLIP)
This program brings the cost advantages of group purchase to smaller public entities and not-for-profit organizations, and combines all your liability coverage needs under one contract.
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Special Liability Insurance with No Minimum
While joint powers authorities (JPAs) typically require minimum participation of three years or more, this joint purchase program has no minimum participation requirement.
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No Risk Sharing through SLIP
As a group purchase program, there is no risk sharing in SLIP and, therefore, no possibility of future assessments. Each participating entity has its own limits of liability and a choice of deductibles or self-insured retention. The group鈥檚 size offers greater stability as the insurance market fluctuates as well as the most competitive structure in both hard and soft markets.
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Customized Special Liability Insurance Coverage
SLIP is unique in that it offers a customized, manuscripted form developed specifically for small public entities and not-for-profit organizations that offers a wide range of liability coverage. In addition to general liability, SLIP provides public officials errors and omissions liability (for public entities), directors and officers liability (for not-for-profits), automobile liability, and employment practices liability all under one contract on an 鈥渙ccurrence鈥� basis. Primary broadcasters legal liability insurance is also available.
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