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Electronic insurance exchange MarketScout said Tuesday it is launching Social Support, a facility for social service providers underwritten on behalf of Lloyd’s of London.
Dallas-based MarketScout said Social Support will provide professional liability, general liability, property, cyber and limited auto coverage for social services companies ranging from day schools to drug rehabilitation and group homes.
“We believe we’ve provided a well-rounded policymaking it easy for these businesses to get essential coverages in one policy form,” Laura McCormick, MarketScout’s professional lines practice leader, said in the statement.
The composite rate for property/casualty insurance in the United States rose 1% in the second quarter of 2017, continuing the upward trend that began in the first quarter of the year, MarketScout said Thursday.