One Month into the New Administration
Policy changes and refocused initiatives are developing just one month into President Trump’s administration.
While the effects for most federal employees remain unknown, we encourage you to carefully consider FEDS Protection for your Professional Liability Insurance as the shaping of political agendas and media scrutiny could mean increased exposure to IG and Congressional Oversight Investigations and Hearings, EEO complaints, Internal Disciplinary Boards, and Office of Special Counsel Investigations and Disciplinary Actions.
Some of the most frequently asked questions about FEDS Protection are enumerated below. While FEDS doesn’t receive many questions about reimbursement, it is important to note that all federal managers and supervisors are eligible for agency reimbursement up to half the cost of this insurance for a net annual premium of $145 for a $1,000,000 policy. Most agencies require a completed SF 1164 - check with your HR representative for further reimbursement guidance.
Do it now. Enrollment takes just 5 minutes. Call 866.955.FEDS Monday through Friday between 8am and 6pm ET or enroll online anytime at www.fedsprotection.com.
- Is FEDS a U.S. Based Company? Yes. Headquartered just outside Washington, D.C., FEDS is veteran owned and U.S. based with benefits secured by Nationwide E&S, which is also U.S. owned and based. Nationwide E&S is an A++XV (Superior) rated insurance company by A. M. Best.
- Is FEDS a privately held company? Yes, Tony Vergnetti is FEDS President and Founder. Prior to founding FEDS, Mr. Vergnetti was a federal attorney and later defended federal officials while in private practice. Read Tony Vergnetti’s Bio here to learn more about his understanding of and commitment to protecting the federal community. Tony may be reached at 866.955.FEDS or email@example.com.
- Is it true that the FEDS policy automatically includes coverage for managers facing harassment, discrimination, retaliation & wrongful termination claims? Yes, unlike similar policies, the FEDS policy does not charge $100 or more in additional premium or require you to purchase additional endorsements for Employment Practices Liability claims in order to defend you in the event you are accused of these allegations.
- Is it true that I may need my FEDS policy to defend against an EEO complaint even though I’m working with my agency attorney? While it is true that agency attorneys are responsible for defending EEO complaints and working with you to futher the agency’s defense of the complaint, the agency’s attorney represents the agency’s interests – not yours. In other words, the agency is the attorney’s client and has a duty of loyalty to the agency only. This can and does result in situations where the agency attorney may advance an interest that is adverse to your own.
- What is a retroactive date? This is only applicable to employees switching to FEDS from another PLI company. For claims under the Civil portion of the policy, FEDS honors the "original retroactive date", which is the very first date continuous professional liability insurance was purchased from any provider. Please see Section I, Civil Suit Coverage, A. Insuring Agreement and Claims Made Clause ("effective date of continuous coverage"). If you first purchased professional liability insurance in January 1999, your "retro date" is January 1999 and you are covered for any civil claims that occur while you are a policy holder with FEDS for matters that involved acts, errors or omissions between January 1999 through the present.
- Is worldwide protection offered? Yes, worldwide protection is essential to those serving outside of CONUS or otherwise in international posts of duties and, unlike other carriers, is included at no additional cost.
- Is civil suit coverage available after leaving federal service? Yes, the policy provides a “tail” or “36-month extended reporting period” which provides civil protection for up to three years after service ends, at no additional cost.
- Why is FEDS legal representation recommended over other carriers? FEDS nationally recognized panel of attorneys have a vast amount of experience in representing federal employees, including Shaw Bransford & Roth P.C. (SB&R), Schertler and Onorato, LLP, Mololamken, LLP, Kaiser, Legrand & Dillon PLLC, and others whose experience and expertise are necessary to best defend the claims involving the unique exposures of federal employees. As an attorney, FEDS President understands how critical it is to have experienced, tenacious, and objective legal counsel when defending sensitive matters involving federal employees.
- Does FEDS cap civil suit representation at $200,000? No, FEDS affords policy holders defense and indemnification up to the full limits of the $1,000,000 or $2,000,000 policy as legal fees associated with the unique nature of federal employee claims could exceed $200,000.
For more information, please call 866.955.FEDS or visit fedsprotection.com.
FEDS provides professional liability insurance for the entire federal management community. For information on your specific exposures, how professional liability insurance protects you, or how the FEDS program differs from other insurance programs, visit us at fedsprotection.com.
Posted in Manager Matters