Reinsurance protects ClearPath Mutual from any single occurrence. This coverage applies whether one person or multiple persons are injured in the same occurrence.
ClearPath Mutual's reinsurance program consists of two carriers. The primary policy is with Chubb, ACE American Insurance Company, rated A++, XV by A.M. Best. The second policy is with Lloyd’s of London, rated A, XV by A.M. Best.
Self-insured retention (SIR): $1,000,000
$2,000,000 each accident
$2,000,000 disease-each employee
$2,000,000 disease-policy limit