Professional Liability

Despite merger objections, data breach lawsuits and the #MeToo movement, claims in the D&O space have not yet combined frequency with severity in a way that will significantly impact pricing.

As product recalls become more frequent and extensive, manufacturers of all sizes are taking notice. While The Hanover has offered product withdrawal coverage for many years, a recent product expansion adds liability and additional expenses.

The #MeToo movement is already having an impact on the EPLI market. But the ripple effects of the viral campaign will reach far and wide, putting directors & officers squarely in the crosshairs as well.

Recently, real estate companies have started diversifying their services. In response, ExecutivePerils developed RE360: an affordable package policy for real estate professionals.

Between merger objection lawsuits and other “event litigation” related to cyber, sexual harassment and more, 415 securities class action lawsuits were filed in 2017. Here’s how the trend could contribute to loss costs for D&O insurers.

Independent agent Rick Brownell Jr. joined his family’s agency 12 years ago and predicts that directors & officers insurance is “only going to become more important. A lot of responsibilities are being placed on boards to make more decisions.”

Errors & omissions protection or agency growth? They’re not mutually exclusive.

Stick to procedure to avoid the errors & omissions pitfalls of everyday agency operations.

If your agency website is collecting dust, it could be exposing your business to errors & omissions claims—and even fines. To avoid the potential E&O fallout, ask the following questions about your agency website.

As accusations and harassment cases continue capturing headlines in 2018, a new best practice for businesses and organizations is emerging: investing in an employment practices liability insurance policy.