bcjpia knowing when to use slip, sep and vip presented by: conor boughey license #0c36861
DESCRIPTION
Selecting Coverage - SLIP SLIP is best used for ongoing exposures that you want to transfer away from your entity –Examples: Friends of the Library Visitors Bureau (many events) Historical Society with events at City Owned Historic Site Joint exposure between two entities, e.g. Rec Center SLIP is for public entities or non-profits, it is a group purchase program.TRANSCRIPT
BCJPIA Knowing when to use
SLIP, SEP and VIP
Presented By: Conor BougheyLicense #0C36861
Outline
• When to use– Special Liability Insurance Program (SLIP)
– Special Events Program (SEP)
– Vendor Insurance Program (VIP)
• Coverage at a glance
• Contacts
Selecting Coverage - SLIP
SLIP is best used for ongoing exposures that you want to transfer away from your entity
– Examples:• Friends of the Library• Visitors Bureau (many events)• Historical Society with events at City Owned Historic Site• Joint exposure between two entities, e.g. Rec Center
SLIP is for public entities or non-profits, it is a group purchase program.
Selecting Coverage - SEP
SEP is best used for single events that you want to transfer away from your entity.
– Examples:• Social Receptions & Banquets• 4th of July Parade• Co-Sponsored Art Exhibit at owned location
SEP is for public entities, or events that are co-sponsored by public entities
Selecting Coverage - VIP
VIP is best used for helping third parties to meet insurance requirements
– Examples:• Yoga instructor using rec center• Self employed/small software engineer contracting
with your entity• Auto club renting entity owned land
Coverage Comparison
At a glance:
SLIP SEP VIPCoverage Period Annual Per Event Annual Insurance Limit $1,000,000+ $1,000,000+ $1,000,000+Deductible $1,000+ $0 $1,000+Application Entity Entity ContractorRate Schedules No Yes YesAlliant Contact Broker Broker / Penny Broker / Penny
Contacts
• SLIP: Entity works with BCJPIA Brokerage Team to place coverage
• SEP: Entity contacts Penny Dewitt to place coverage
• VIP: Entity places vendor in contact with Penny Dewitt to place coverage
• Applications for each program are available, please contact Conor Boughey (or Andrea) to start the application process.
Penny Dewitt-Holdren [email protected] 949-660-8142Special Events Fax 619-699-0902Vendor/Contractor Fax 619-699-0907