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Chiarello offers new defense only coverage.

Joseph Chiarello & Co. has announced its latest insurance protection for firearms dealers, wholesalers and gunsmiths. The new "Defense Only Coverage For Certain ATF Proceedings Endorsement," according to Chiarello, "will pay reasonable and necessary 'defense costs' in defense of any proceeding (warning conference, revocation hearing, judicial review) coming out of any ATF record keeping or administrative action."

The new feature is only available as an endorsement to the Commercial General Liability Policy.

Under the endorsement, Granite State Insurance Co. will defend those insured up to $25,000 against any proceeding under the provisions of the endorsement. Granite State Insurance Co. also will work with those covered by the endorsement to select an attorney, CPA or other professional knowledgeable in such proceedings and recognized to practice before ATF.

This endorsement does not apply to violations resulting in criminal indictment or arising out of a criminal act, violations covered by other sections of the policy, or the expenses of those insured while participating in compliance reviews, audits or inspections.

This endorsement is not currently available in Louisiana and Massachusetts.

For information, call 1-800-526-2199, or e-mail: Visit www.
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Title Annotation:Industry news
Comment:Chiarello offers new defense only coverage.(Industry news)
Publication:Shooting Industry
Date:Oct 1, 2010
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