Meridian is an underwriter of Contractual Liability Insurance Policies, helping service companies transfer their service obligation risks to insurance companies. We have expertise developed over many years in working with the top insurers of these types of specialty risks.
The target classes and typical risks we focus on for this program are:
- Indemnified Services
- Indemnified Waivers of Penalties or other Contractual Terms
- Satisfaction Guarantee Indemnity
- Performance Guarantee
The highlighted features of this exclusive program include:
- Removes liabilities from the client’s books
- Benefit provisions exactly match the terms of the client’s contract with their customer
The benefits of this program include:
- Completely customizable to match the client’s contractual obligations
- Facilitates a non-insurance solution to the end-user