SAM Insurance Coverage | Abuse and Molestation

We offer sexual abuse and molestation coverage, also called SAM insurance coverage, to all types of organizations in 35 states. SAM insurance coverage is often purchased by organizations that interact with minors or disabled adults and provides protection against allegations of abuse, molestation or misconduct of a sexual nature. The coverage however applies to any minor or adult individual who alleges that they are the victim of sexual abuse, misconduct or molestation by an insured person of the organization.

We offer SAM insurance coverage as either a standalone policy or as an endorsement to a professional liability insurance policy. The policies are offered on a claims made basis, which means that it's the policy that is in force at the time of the claim that responds to such claim. In order for a claim to be covered, the wrongful act that gave rise to the claim must be on or after the retroactive date, which is usually the inception date of the first policy that was purchased, where the SAM insurance coverage has been maintained without interruption.

The most common policy limit for SAM insurance coverage is $1 million; however policy limits of $250,000 to $3 million are often requested. The cost for SAM coverage usually starts in the $4,000-$5,000 range per year for a $1 million policy limit and increases based on risk and revenue. The riskiest exposures include situations where an adult and a child are alone and activities that include overnight exposures.

SAM insurance coverage tends to be more comprehensive when purchased as a standalone policy rather than as an endorsement to a professional liability insurance policy as a standalone policy can offer additional coverages, such as crisis management, forensic and investigatory, and victim support services. Also, SAM insurance coverage under a standalone policy is often extended to not only employees and officers, but also volunteers and independent contractors.

You can apply for SAM insurance coverage by completing an application at: www.cbspecialty.com

Do not hesitate to contact us to discuss your SAM insurance coverage needs.