Boutique Service Fills Coverage Gaps for Highly Compensated Employees

With so much attention devoted to ­ filling insurance coverage gaps for rank-and-­file employees in a post-health insurance reform marketplace, it’s easy to lose sight of a similar conundrum involving the bene­fit needs of highly compensated executives (HCEs) in a global economy.

Some carriers layer excess coverage on top of standard annual policy caps to establish a more appropriate or adequate level of benefits. One such example is Petersen International Underwriters (PIU), a coverholder for Lloyd’s of London that offers boutique coverages across a broad product suite.