Former Federal Employees & Federal Contractors - FAQs
When Do Benefits Begin?
Benefits are effective the day your application is received (subject to applicable subsequent premium payment)
Is this coverage really worth the cost?
For most Federal Government Contractors maintaining professional liability coverage is a compulsory part of their consulting agreement.
Wright USA’s Former Federal Employee Professional Liability Insurance (FFEPLI) for Federal Government Contractors can cost $500, $750, or $1,000 per year depending upon the revenues earned by you as a contractor from the Federal Government. The annual premium can break down to less than $1.50 a day. Formal allegations of negligence or failure to perform your professional duties will easily cost more than the annual premium of this insurance plan. Wright USA's FFEPLI plan can potentially save you thousands of dollars.
Who is Ironshore?
Wright USA utilizes Ironshore, a leading global carrier, for its Federal Employee Professional Liability Insurance (FEPLI) coverages. Rated A- (Excellent) by A.M. Best with a financial Size Category of Class XIII, Ironshore is authorized to transact business in all 50 states and the District of Columbia. For more information and a brief Ironshore Overview, click here.