Professional Liability

It’s no surprise that auto policies generated the most errors & omissions claims in 2022, fully rebounding from the 2020 trough caused by a reduction in miles driven and replaced policies.

Whether insureds sell through an Etsy store, a retailer selling products online or even at a farmers market, any parties involved in the product chain can be liable for a customer’s injury.

Given the number of civil filings made in 2022, personal injury awards are putting pressure on the product liability insurance market as nuclear verdicts become the norm.

There are myriad of issues that can lead to a claim against accountants and E&O coverage provides the necessary protection.

The coronavirus pandemic played a dramatic role in the acceleration of technology in companies, leading underwriters to scrutinize businesses’ exposures and the safeguards they have in place.

You and your customers have been battered these past few years by various catastrophes of near-biblical proportions. Your customers don’t just want a good year, free of missing coverages and underinsured losses. They need it.

What EPLI underwriters learned—and what cyber underwriters have come to understand—is that protecting companies from costly claims must start with being proactive about risk management.

The new product helps fill coverage gaps and provide substantive resources designed to protect organizations from existing and evolving D&O threats.

In 2021, the Great Reopening brought with it a return of the auto errors & omissions claim. Swiss Re received 183 of them last year and 2022 is on track to surpass it.

Despite the good news in the D&O market, uncertainty remains as the economy faces a period of higher inflation and a possible recession, which could lead to an increase in D&O claims.