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February 27, 2012

"ALL NIGHTERS" AREN'T WHAT THEY USED TO BE...

For the third time in recent weeks, bed bugs have invaded another Nebraska college campus!

 

This particular invasion had spread over at least 94 rooms, costing more than $100,000 to decontaminate the affected rooms. The costs to eliminate bed bugs can be devastating and the reputational harm that follows is detrimental.

 

It has been predicted, with study abroad programs, spring break vacations and the transient nature of students that college campuses are becoming a hot spot for these pests and it will only get worse. Several recent reports indicate that within the next few years, nearly every campus will have some type of encounter with the creepy nighttime crawlers. 

 

INSURANCE FOR A RESTFUL NIGHT’S SLEEP...

 

POLICY FEATURES:         

 

  • Loss of lodging revenue (business interruption) - NO DEDUCTIBLE
  • Decontamination expenses - for affected lodging room and lodging rooms immediately adjacent to affected lodging room 
  • Costs of cleaning, decontaminating or exterminating affected customer's homes - NO DEDUCTIBLE
  • Rehabilitation expenses (extra expenses) - NO DEDUCTIBLE, includes:
    • Cost of marketing efforts
    • Overtime of regular staff
    • Other mitigation related expenses
  • First aid administered to customers onsite - NO DEDUCTIBLE
  • Extortion threat payments - NO DEDUCTIBLE
  • No waiting period / No loss threshold required to trigger coverage
  • Up to six month period of restoration / rehabilitation available

 

Insureds’ Receive a Valuable Resource...

 

Specialty Risk Management® (SRM®) is Immediately Available 24/7 and

Just a Phone Call Away...

 

Speak to live crisis management specialists as a preventive resource throughout the policy period for bed bug prevention checklists, reporting forms, action plans and more. Insureds’ receive answers to any bed bug related question on an immediate basis to mitigate any media exposure and associated expenses.

 

All terms, conditions, limits and coverage features are still subject to individual underwriting and certain coverage features may be restricted. This press release does not amend, extend or alter any coverage afforded by any policy. Not intended to be a representation of coverage or a guarantee of a quote or indication. See policy wording for details. Copyright © 2012 PLIS®, Inc. and its licensors. All rights reserved. Coverage under this designated program is subject to a shared limit for all locations participating in this program.

 



Please visit our CompleteMarkets storefront: Bed Bug Infestation Recovery Insurance