EXHIBIT 10.27

                      DEDUCTIBLE LIABILITY INSURANCE POLICY

                                  DECLARATIONS

ITEM 1.  POLICY NO.:      NXS 0133598-00

ITEM 2.  COMPANY:         RELIANCE INSURANCE COMPANY OF ILLINOIS

ITEM 3.  INSURED:         THE VINCAM GROUP, INC. ET AL ( SEE ENDT' #1)

ITEM 4.  INCEPTION DATE:  12/31/96
         EXPIRATION DATE: 12/31/99

ITEM 5.  PREMIUM:         $5000 FLAT-(SEE ITEM H-PREMIUM)

ITEM 6.  COVERED POLICIES:


                 POLICY       POLICY     POLICY     POLICY     DEDUCTIBLE
    INSURER     COVERAGE       TYPE      NUMBER     PERIOD       AMOUNT
    -------     --------      ------     ------     ------     ----------
    RIC         W/C & E.L.     SAME        *          *        $1,000,000

*      Schedule of Policies shall be maintained on file with the Company and
this Declarations Page shall be updated by endorsement on a quarterly basis.

ITEM 7.  COMPANY'S LIMITS OF LIABILITY:   A.  For each Covered Policies $750,000
                                              each and every accident/occurrence
                                              in excess of $250,000 each and 
                                              every accident/occurrence

ITEM 8.  SELF-INSURED RETENTION:          A.  For each Covered Policies $2000 
                                              each & every medical only claim

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                                     POLICY
                                     ------

In Consideration of the payment of the premium and in reliance upon the
statements made to the Company, and subject to the Self-Insured Retention and
the Limits of Liability, and the limitations, exclusions, terms and conditions
of this Policy, the Company agrees with the Insured as follows:

I.     DEFINITIONS
       -----------

       A.    INSURED
             -------

             "Insured" means the Insureds designated in the Declarations.

       B.    COMPANY
             -------

             "Company" means Reliance Insurance Company of Illinois.

       C.    INSURER
             -------

             "Insurer" means an insurance company that issued the Covered
             Policies as listed in Item 6 of the Declarations.

       D.    POLICY
             ------

             "Policy" means this deductible liability insurance policy.

       E.    POLICY PERIOD
             -------------

             "Policy Period" means the period from the Inception date of this
             Policy through the Expiration date as set forth in Item 4 of the
             Declarations, or the policy's earlier termination date, if any.

       F.    COVERED POLICIES
             ----------------

             "Covered Policies" means only those insurance policies issued to
             an Insured by an Insurer as specified in Item 6 of the
             Declarations.

       G.    DEDUCTIBLE AMOUNTS
             ------------------

             "Deductible Amounts" means any amounts actually paid by an
             Insurer with respect to a claim under a Covered Policy and for
             which an Insured is responsible for reimbursing the Insurer under
             the terms of any deductible provision or endorsement of a Covered
             Policy. Such Deductible Amounts may include but are not limited
             to damages, benefits, losses, or costs, fees and expenses for
             investigation, negotiation,

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             settlement or defense. "Deductible Amounts" shall not include any
             premium taxes, surcharges or assessments arising out of or
             attributable to an Insured's obligations to reimburse an Insurer
             whether the Insured is required to pay the Insurer for such
             premium taxes, surcharges or assessments under the Covered Policy
             or otherwise.

II.    INSURING AGREEMENTS
       -------------------

       A.    COVERAGE
             --------

             The Company, subject to the Self-Insured Retention and as
             described in E, below will pay on behalf of the Insured all
             Deductible Amounts which the Insured shall become obligated to
             pay up to the Limits of Liability as described in D, below to an
             Insurer under a Covered Policy listed in Item 7 of the
             Declarations.

       B.    NO DUTY TO DEFEND
             -----------------

             The Company shall have no duty to investigate or defend any
             claim, suit or proceeding commenced against the Insured under
             this Policy or any Covered Policy. The Company shall have the
             right to associate, at its own expense, with the Insured in the
             defense or investigation of any claim, suit or proceeding
             involving the Covered Policies listed in Item 7 of the
             Declarations.

       C.    PAYMENTS TO INSURERS LISTED IN DECLARATIONS
             -------------------------------------------

             All Deductible Amounts payable under this Policy shall be paid on
             behalf of the Insured directly to the Insurer on the Covered
             Policy listed in Item 7 of the Declarations. The payment of such
             Deductible amounts shall be made in satisfaction of the Insured's
             obligations to such Insurer under the Covered Policy. The Insured
             irrevocably waives any rights to such payments.

       D.    LIMITS OF LIABILITY
             -------------------

             The amount stated in Item 6a. for each Covered Policies is the
             most the Company will pay for Deductible Amounts under each
             Covered Policies of each accident occurrence.

       E.    SELF-INSURED RETENTION
             ----------------------

             The Company will not pay any Deductible Amounts within the
             Self-Insured Retention stated in Item 8 of the declarations for
             each covered policy.

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III.   EXCLUSIONS
       ----------

       The Insurance under this Policy covers only those Deductible Amounts
       which the Insured shall become obligated to pay to an Insurer under the
       deductible endorsement to the Covered Policies listed in Item 6 of the
       Declarations. Any Deductible Amounts not covered or excluded under the
       Covered Policies shall not be covered under this Policy and the Company
       shall have no liability to pay such Deductible Amounts on behalf of the
       Insured.

IV.    CONDITIONS
       ----------

       A. NOTICE OF CLAIM 
          ---------------

          The Insured shall provide the Company with a copy of any and all
          notices and information on claims made under the Covered Policies. The
          Insured shall provide the Company with a copy of any such notices or
          information at the same time that it provides such notices or
          information to an Insurer. The Insured shall deemed to have comply
          with this provision once the claim is reported to the Third Party
          Administrator.

          In addition, the Insured shall notify the Company in writing a soon as
          practicable of any claim for reimbursement of any amounts within the
          self insured retention provision by the Insurer under a Covered
          Policy. The notice shall include: (1) the name of the Insurer, (2) the
          amount(s) sought by the Insurer, (3) the amount(s) paid or reserved by
          the Insurer for such claim, suit or proceeding, including indemnities,
          medical expenses or benefits, and allocated loss adjustment expense,
          (4) the amount of the self-insured retention, if any, applicable to
          such claim, suit or proceeding, (5) the Insurer's claim number, (6)
          the claimant's name and address, (7) the date of accident or
          occurrence that is the basis for such claim, suit or proceeding and
          (8) any other relevant information requested by the Company. The
          Insured shall cooperate with the Company in the investigation and
          settlement of any claim under this Policy.

       B. SUNSET 
          ------

          The Company shall have no obligation to pay Deductible Amounts on
          behalf of the Insured unless a claim has been submitted by the Insured
          to the Company in accordance with IV. A above, within seven (7) years
          from the last day of the Policy Period.

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       C. FALSE OF FRAUDULENT CLAIMS
          --------------------------

          If the Insured submits any claim that the Insured knows is false or
          fraudulent, in whole or part, as regards amount of otherwise, this
          policy shall be void and all insurance under this Policy shall be
          forfeited.

       D. SUBROGATION
          -----------

          The Company shall be subrogated to the rights of the insured to
          recover from any third party including any Deductible Amounts paid on
          behalf of the Insured to such third party liable for such Deductible
          amounts. The Insured hereby assigns its rights to participate in any
          recoveries by an Insurer. The Insured shall cooperate fully with the
          Company to recover such Deductible Amounts.

       E. OTHER INSURANCE
          ---------------

          Except with respect to Covered Policies the insurance under this
          Policy shall be excess insurance over and above any other applicable
          insurance available to the Insured, whether such other insurance is
          stated to be primary, contributing, excess, contingent or otherwise
          and whether such other insurance is valid and collectible.

       F. BANKRUPTCY OR INSOLVENCY OF INSURED
          -----------------------------------

          Bankruptcy or insolvency of the Insured shall not relieve the Company
          of any of its obligations hereunder.

       G. ACTION AGAINST THE COMPANY
          --------------------------

          No action shall lie against the Company unless, as a condition
          precedent thereto the Insured shall have fully complied with all the
          terms and conditions of this Policy. In addition, no action shall lie
          against the Company until the amount of the Insured's obligation to
          pay Deductible Amounts under the Covered Policies listed in Item 8 of
          the Declarations shall have been determined finally and payment made
          by an Insurer under a Covered Policy.

          Nothing contained in this Policy shall give any person or entity any
          right to join the Company as a co-defendant in any action against the
          Insured to determine the Insured's liability to such person or
          organization.

       H. PREMIUM
          -------

          The Premium will be charged Flat as follows:

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               12/31/96-97 $5000. Flat
               12/31/97-98 $5000. Flat
               12/31/98-99 $5000. Flat

        I. AUDIT
           -----

           The Company may examine and audit the Insured's books and records at
           any time during the Policy Period or within five years after the last
           day of the Policy Period or until all timely and properly reported
           claims are paid under this Policy, whichever is alter, on any matter
           relating to the insurance provided under the Policy. The Insured
           shall cooperate fully with the Company during any audit, and shall
           provide the Company with any information or documents requested by
           the Company that relates to the rights and obligations of the insured
           and the Company under this Policy.

        J. CANCELLATION
           ------------

           This Policy may be canceled by the Company by mailing to the Company
           written notice of cancellation. The notice of cancellation must be
           mailed to the Insured not less than ten (10) days before the
           effective date of cancellation; but only for the failure of the
           Insured to pay the premium when due. In the event this policy is
           canceled for non-payment of premium, all the Covered Policies will be
           canceled simultaneously.

           If the Policy is canceled earned premium shall be computed on a short
           rate basis. Adjustment of the premium may be made at the time this
           Policy is canceled or as soon thereafter as practicable.

           If this Policy is canceled, the liability of the Company to pay
           Deductible Amounts on behalf of the insured shall be cut-off and
           shall of the effective date of such cancellation. In such event, the
           Company shall have no obligation to pay Deductible Amounts on behalf
           of the Insured for any claims that were not timely, properly and
           fully reported to the Company before the effective date of
           cancellation. In addition, the Company shall be liable only for those
           Deductible Amounts relating to losses or expenses actually paid by an
           Insurer under Covered Policies before the effective date of
           cancellation of this Policy. Contingent or pending losses or expenses
           under a Covered Policy shall not be covered and the Company shall
           have no liability for any Deductible Amounts payable on behalf of the
           Insured to the Insurer for such losses or expenses.

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<PAGE>

        K. NON-RENEWAL
           -----------

           This Policy may be non-renewed by the company by mailing to the
           Insured written notice of non-renewal. The notice of non-renewal must
           be mailed to the Insured not less than thirty (30) days before the
           effective date of non-renewal.

       L.  NAMED INSURED
           -------------

           The Insured named in the Declarations is the only Insured under this
           Policy. No other person or entity shall have any rights as an Insured
           under this Policy.

       M. ASSIGNMENT
          ----------

           This Policy shall be void if assigned or transferred without the
           prior written consent of the Company.

       N.  CHANGES
           -------

           This Policy may not be changed, amended or otherwise modified except
           through a validly issued written endorsement executed by the Company.
           Information provided to an agent of the Company shall not result in a
           change, amendment or other modification to any part of this Policy or
           stop the company from asserting any right under the Policy or relieve
           the Insured of any duty under this Policy.

       O.  ARBITRATION
           -----------

           If any dispute arises between the Insured and the Company either
           before or after termination of this Policy with reference to the
           interpretation of this Policy or the rights of either party under
           this Policy, the dispute shall be referred to arbitration. The
           arbitration will involve three arbitrators, one to be selected by
           each party and the third by the two parties selected. If either party
           refuses or neglects to appoint an arbitrator within thirty (30) days
           after the receipt of written notice from the other party requesting
           it to do so, the requesting party may nominate two arbitrators who
           shall select the third arbitrator. In the event the two arbitrators
           do not agree on the selection of the third arbitrator shall be
           selected pursuant to the commercial arbitration rules of the American
           Arbitration Association. The arbitrators shall be officials or former
           officials of other insurance of reinsurance companies. The
           arbitration shall take place in the State of New York and the
           arbitration proceedings shall be governed by the rules of the
           American Arbitration Association and the New York Arbitration Law.
           The arbitrators shall consider this Policy honorable engagement
           rather than merely a legal obligation; they are relieved of all
           judicial formalities and may abstain from following the strict rules
           of the law; provided,

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<PAGE>

           however, that the arbitrators may not render any award of punitive or
           exemplary damages. The decision of a majority of the arbitrators
           shall be final and binding on both the Insured and the Company and
           judgment upon the award rendered by the arbitrators may be entered
           into any court having jurisdiction thereof. The expense of the
           arbitrators and of the arbitration shall be equally divided between
           the Insured and the Company. Arbitration is the sole remedy for
           disputes arising under this Policy. The arbitrators are relieved of
           any judicial formalities or rules of law and shall be bound to the
           standards and practices of the insurance business and the intent of
           this Policy.

       P.  CHOICE OF LAW AND FORUM SELECTION
           ---------------------------------

           This Policy shall be interpreted according to the laws of the State
           of New York. Any claim, suit or proceeding commenced by the Insured
           against the company shall be brought in a state or federal court of
           competent jurisdiction in the State of New York.

Executed this 6th day of January, 1997.


                                           By:    [SIGNATURE]
                                               ---------------------------------
                                               Authorized Company Representative

               Title: Regional First Vice President

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<PAGE>


(The Attaching Clause need be completed only when this endorsement is issued
subsequent to preparation of the policy.)
                                                                      GU 207
                                                                      (6-78)
                                   ENDORSEMENT
                                   -----------


This endorsement, effective on 12/31/96 at 12:01 A.M. standard time, forms a
part of Policy No. NXS013-3598-00 of the RELIANCE INSURANCE COMPANY OF ILLINOIS

Issued to

                                                      [SIGNATURE]
                                                   -----------------------------
                                                   Authorized Representative


IT IS AGREED THAT ITEM #3, INSURED, IS EXTENDED TO INCLUDE
THE FOLLOWING:

THE VINCAM GROUP, INC.
VINCAM HUMAN RESOURCES, INC.
VINCAM HUMAN RESOURCES, INC. I
VINCAM HUMAN RESOURCES, INC. II
VINCAM HUMAN RESOURCES, INC. III
VINCAM HUMAN RESOURCES, INC. IV
VINCAM HUMAN RESOURCES, INC. V
VINCAM HUMAN RESOURCES, INC. VI
VINCAM HUMAN RESOURCES, INC. XII
VINCAM PRACTICE MANAGEMENT, INC.
AMERICAN PEDIATRIC SYSTEMS, INC.
VINCAM HUMAN RESOURCES OF MICHIGAN, INC.
VINCAM OCCUPATION HEALTH SYSTEMS, INC.
PERSONNEL RESOURCES, INC.
VINCAM INSURANCE, INC.
PSYCH CARE INC.

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