When Traditional Carriers Can’t…or Won’t

“When traditional carriers can’t…or won’t” is the slogan Petersen International has been using for years.  It’s more than a tagline, it’s the truth.  Most insurance professionals recognize us as specialists in high-limit or excess disability insurance, which we proudly concede.  We write comprehensive disability policies for the Hollywood elite, Wall Street movers and shakers, high-powered attorneys and superstar surgeons.  But we also want you to think of PIU as your one-stop shop for any out of the ordinary disability, life or health case you may come across.  We are also savvy with hard-to-place risks, providing fiduciary solutions seldom found or even available in the United States.

Here are just a select few of the unique and exciting programs offered by Petersen International with which you may not yet be familiar:

Needlestick Insurance

This group benefit plan offers a significant cash lump sum to help compensate healthcare workers, emergency services workers and first responders who have been injured by a needlestick occurrence and have contracted a bloodborne pathogen.  The purpose of the insurance is to help cover costs associated with testing, treatment and other expenses that may arise as a result of needlestick injury, such as lost wages and travel expenses.

The plan provides benefits up to $100,000 and covers Hepatitis B, Hepatitis C and HIV.  Also, the product offers census enrollment as an employer-paid group plan. 

Key Person Failure to Survive Insurance

Failure to Survive insurance is a simplified-issue key person term product requiring no exams or labs that can be underwritten, approved and issued in a matter of days.  With liberal underwriting standards and unique flexibility, the Key Person FTS coverage provides a flat key person death benefit and can accommodate impaired-risk cases that would typically be declined or postponed by traditional market carriers.

The product boasts benefits up to $50,000,000 per risk and furthermore has the unique ability to financially indemnify cannabis-related businesses in states in which the marijuana industry has legal proponents.

Stock Option Disability Insurance

This is a long term, own-occupation product designed to financially indemnify those who regularly receive compensation in the form of stock options in case of career-ending disablement.  After suffering a permanent total disability, an insured person receives a lump sum benefit equating to five times the monetary annual average of the last three years of stock options.  This plan is truly unique in that benefits are available in excess of a client’s personal DI, group LTD, key person or BOE disability benefits.

This plan is a perfect fit for executives of publicly traded companies and can be written on an individual or multi-life, discounted basis.

For more information on these or any of our other insurance solutions, please give Petersen International a call at (800)345-8816.