London American Risk Specialists, Inc Announces the Formation of London American Professional Liability, LLC

June 7, 2006

Houston, TX – London American Risk Specialists, Inc., headquartered in Houston, TX. is pleased to announce the formation of London American Professional Liability, LLC based out of Fort Lee, New Jersey. LAPL is a program administrator and MGA specializing in Professional Liability. Mr.Ed Velasquez, formerly Executive Vice President of the NIF Group, Murray Hill, NJ has been appointed President.

LAPL will initially launch a Miscellaneous Professional Liability program that will be offered in most states and underwritten by an “A (Excellent)” A.M. Best rated insurance carrier.

This Miscellaneous Professional Liability program is designed for a diverse set of professions, including many types of consultants, insurance services, media and real estate classes. Coverage is offered on both a primary and excess basis for risks with up to $250 million in revenue. The staff’s specialized knowledge allows them to handle complex and hard to place risks.

Policy Highlights include:

  • Primary and Excess coverage available

  • Claims made and reported policy

  • Company has right and duty to defend

  • Coverage is extended to employees while acting within
    the scope of their employment duties

  • Personal injury coverage

  • Prior Acts” coverage provided for insureds who have
    carried continuous coverage

  • Predecessor and successor firm coverage

  • Automatic 60-day Extended Reporting Period

  • Worldwide coverage for suits brought in the U.S.


  • Up to $5,000,000 each claim / $5,000,000 Annual Aggregate Limit

  • Minimum deductible $5,000 each claim

  • Minimum premium $5,000

    For more information, contact:

    Ed Velasquez, President
    Ph 201.944.7000 · F 201.944.0058
    London American Professional Liability, LLC
    400 Kelby Street, 11th Floor
    Parker Plaza
    Fort Lee, NJ 07024

    Zane Carson, Director of Marketing
    Ph 713.977.7726 · F 713.977.7606
    London American Risk Specialists, Inc.
    11000 Richmond Avenue
    Suite 600
    Houston, Texas 77042

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