Professional Liability

Small businesses may be tempted to eliminate professional liability coverage, especially when they haven’t had any claims—that is not a good idea.

HSB’s carrier partners can offer EPL Plus as an endorsement or coverage part to an underlying business owners or commercial package policy.

As agency managers strive to perpetuate their agency, here are key areas to focus training and administrative efforts to reduce errors & omissions exposures.

The collapse of the Francis Scott Key Bridge is a complicated issue—one that is likely to include marine hull, liability and cargo losses, as well as business interruption claims.

As the market for real estate agents has continued to change, one of the results has been an increase in the frequency and severity of claims made against them.

Mistakes happen. Professional liability insurance protects both your customers and your personal assets.

Although project contracts and insurance coverage offer essential protection, independent agents should encourage architects and engineers to remain vigilant with risk management and training to protect themselves from a volatile claims environment.

Before implementing artificial intelligence in your agency, understand the product and what it can do, Test the product before purchasing it, and simultaneously use human processes.

The wave of post-pandemic lawsuits has prompted independent insurance agents to review their errors & omissions (E&O) coverage and risk mitigation strategies.

“In the past, E&O coverage for seed dealers has been very cost-prohibitive,” says independent agent Shelly Turner. “Educating both clients and other agents on the availability of a lower cost, higher coverage option is a big focus.”