Professional Liability

After double-digit rate increases in 2021, the markets for management and professional liability have rightsized with regard to premiums.

Many business owners have not considered the impact changes in the business environment will have on their insurance requirements.

As the architects & engineers market hardens in reaction to demand for professional design services, independent agents can play a significant role in helping their clients secure coverage.

The architects & engineers insurance market continues to deal with inflation, climate change-related claims and the impact of the COVID-19 pandemic.

The new offering provides errors & omissions (E&O) coverage for individual residential and commercial real estate appraisers.

In today’s world, it is no longer enough to simply transfer and mitigate the risks to key stakeholders whose decisions and oversights are more easily scrutinized online.

While the nuances there can be tricky, there is nothing complicated about the opportunities in the directors & officers and errors & omissions marketplace.

The new product combines EPLI, D&O and fiduciary liability coverages in a single policy.

Exposure for professional liability claims involving umbrella policies can be substantial, but a few simple risk management steps can greatly reduce the chances of a professional liability claim succeeding.

A product recall policy is much broader than its name suggests, covering recalls, stock recoveries when the product is still in the insured’s possession, and market withdrawals.