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Professional Liability

Historically, professional liability coverage was needed only for the professions, such as physicians, lawyers, engineers or accountants. Today, many more types of insureds may be unwittingly rendering professional services in the eyes of the law, and even worse in the opinion of CGL claims adjusters. One test often used is whether the insured is subject to state licensing, or oversight by a professional association.

Compounding this situation, many general liability classifications result in the addition of a professional liability exclusion to the standard CGL policy. Even without this exclusion, many professional liability claims are unlikely to fall within the traditional CGL definitions of bodily injury, property damage or personal & advertising injury, and will not trigger coverage.

Miscellaneous E&O coverage fills this coverage gap, by protecting against liability incurred from committing an error or omission in the performance of a professional duty. Douglas Motz Insurance Agency can offer this coverage for hundreds of classes, with competitive coverage features, and often at attractive rates.

  • Claims made coverage Can be packaged with General Liability for many classes
  • Coverage trigger for an incident likely to result in a claim
  • Pay on behalf basis with the insurer having the duty to defend
  • Bi-lateral extended reporting period for up to three years
  • Deductible credits for claims settled prior to mediation or litigation
  • Supplementary Payments
  • Disciplinary proceedings – up to $25,000
  • Loss of Earnings and Expense Reimbursement – up to $10,000
  • BI/PD exclusion carve-backs
  • Network Security/Privacy extensions
  • Specific coverage forms to address the needs of many professions
  • Risk management resources including hotlines, guides, and articles
  • Limits up to $10,000,000
Class Examples are any firm with a service exposure to a third party including:
  • Consulting Services – communications, management, energy, human resources, real estate, research & development support, security, transportation and many more
  • Insurance Support Services – premium finance companies, risk managers, auditors, third party administrators and structured settlement firms
  • Property Related Services – real estate agents, title / escrow services, property managers, mortgage brokers and many more
  • Inspection Services – home inspectors, code compliance, insurance inspections, safety and security inspections
  • Scientific services – research & development, testing labs, regulatory compliance services
  • All types of technology firms, or firms with tech/network security exposures
  • Associations and Professional Bodies
  • And many more