Verita launches new Pandemic Protection Package Policy

Rhea-AI Summary

Verita introduces a new Pandemic Protection Package Policy to address pandemic-related risks for businesses in the USA. The policy offers coverage for planned and reactive actions, expert health consultation, revenue buffer for wages and fixed costs, and crisis management assistance. Verita aims to provide a comprehensive insurance solution to stand out in the market.

NEW YORK, April 17, 2024 (GLOBE NEWSWIRE) -- Verita (Verita CSG, Inc.), a Managing General Underwriting (MGU) company, today announced the introduction of an innovative product focused on addressing the exposures associated with pandemics. The new Pandemic Protection Policy will help protect businesses against the next pandemic outbreak in the USA, in addition to providing coverage for planned and reactive actions required by the outbreak, including delivery of expert health consultation along with a revenue buffer to maintain coverage of wages and related fixed business costs.

Verita’s new Pandemic Protection Package policy provides additional expense coverage for epidemic/pandemic-triggered events as outlined in the policy provisions. A unique value of the policy includes a Crisis Management Assistance option, whereby a leading consulting firm will deliver guidance and counsel around client’s response, including access to the following elements:

• Real-time threat monitoring capabilities
• Self-service information portal
• Exclusive access to a Pandemic Preparedness Maturity Assessment and Review (annual)
• Pandemic Readiness webinar (annual)
• Dedicated global health advisor
  

Edward Chiang, CEO, Verita, commented, “Our goal at Verita is focused on delivering a holistic insurance solution. We are delighted to be able to expand upon our available product offerings with the launch of our new Pandemic Protection Package solution. This product will further enhance our innovative long-term insurance solutions to further distinguish Verita from competitors in our target markets.

To learn more, please visit: www.veritainc.com

About Verita

Verita CSG, Inc. (d/b/a Verita CSG Insurance Services, Inc. in the States of California and New York) (“Verita”) is a general agent with its principal place of business in Portsmouth, New Hampshire (CA license #: 0660690). Verita underwrites insurance business on behalf of certain non-affiliated insurance companies subject to pre-approved underwriting guidelines. Verita is licensed as a property casualty insurance agency in all states in which products are offered. Availability and qualification for coverage, terms, rates and discounts may vary by jurisdiction. Policy obligations are the sole responsibility of the issuing insurance carrier. Coverage under any insurance policy is subject to the terms and conditions of that policy and is ultimately the decision of the buyer. Verita receives commission and/or additional compensation from its insurance company partners in connection with its sale of insurance to you. WTW is an investor in Verita.

Media Contacts

Douglas Menelly
Douglas.Menelly@wtwco.com +1 (516) 972 0380

Arnelle Sullivan
Arnelle.Sullivan@wtwco.com +1 (718) 208-0474

What did Verita announce?

Verita announced the launch of a new Pandemic Protection Package Policy.

What does the Pandemic Protection Policy offer?

The policy offers coverage for pandemic-related exposures, expert health consultation, revenue buffer for wages and fixed costs, and crisis management assistance.

Who is the CEO of Verita?

Edward Chiang is the CEO of Verita.

What additional coverage does the Pandemic Protection Package policy provide?

The policy provides additional expense coverage for epidemic/pandemic-triggered events as outlined in the policy provisions.

What unique value does the policy offer?

The policy includes a Crisis Management Assistance option with various benefits such as real-time threat monitoring, a Pandemic Preparedness Maturity Assessment, and access to a global health advisor.