Insurance Program Results
Appetite Grows for Contractors, Consultants
Increased competition for self-employed contractors and consultants will spur more creative underwriting and soften pricing as these portions of the 1099 economy grow, and many of those workers remain underinsured. Expect carriers such as The Hartford, Travelers, ACE, Philadelphia, CNA, Zurich, USLI and Hiscox to corner a larger share of this market with the development of specialized products. They will also step up to meet growing demand that consultants and contractors carry professional liability insurance in the event a job cannot be completed or is not completed to a client’s satisfaction. A single E&O claim could spell the financial downfall of a contractor, and more hiring entities demand proof of professional liability coverage before entering into a contract. (8/18/14)
AFB Media Tech® (Private Enterprise/Small Business)
Administered By: Beazley
Distribution: Direct/Broker
| Industries: |
Application Service Providers (ASPs), Consultants/Consulting Risks, Internet Service Providers (ISPs) |
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Carriers: Beazley Insurance Co. Inc.
Coverage: Cyber Liability, Errors & Omissions (E&O), Excess, Media Liability, Professional Liability, Umbrella/Excess
Limits: up to $5 million
BeazleyOne ENVIRO (Private Enterprise/Small Business)
Administered By: Beazley
Distribution: Direct/Broker
| Industries: |
Architects & Engineers (A&E), Consultants/Consulting Risks, Contractors |
|---|
Carriers: Beazley Insurance Co. Inc.
Coverage: Cyber Liability, Environmental/Pollution Liability, Errors & Omissions (E&O), Professional Liability
Limits: up to $5 million
MPL Secure-Misc. E&O (Private Enterprise/Small Business)
Administered By: Beazley
Distribution: Direct/Broker
| Industries: |
Consultants/Consulting Risks, Outsourcing Risks/Professional Employer Organizations (PEOs), Research/Research Organizations (Clinical, Etc.), Staffing Agencies |
|---|
Carriers: Beazley Insurance Co. Inc.
Coverage: Errors & Omissions (E&O)
Limits: up to $5 million
CPA Gold
Administered By: Jorgensen & Co.
Distribution: MGU
| Industries: |
Accountants & Accounting Services, Consultants/Consulting Risks |
|---|
Carriers: QBE Insurance Corp.
Coverage: Professional Liability
Limits: up to $10 Million (Depends upon the size of the risk)
Design Professional Liability
Administered By: Great American Insurance Group
Distribution: Carrier Direct
| Industries: |
Architects & Engineers (A&E), Consultants/Consulting Risks |
|---|
Carriers: Great American Insurance Cos.
Coverage: Professional Liability
Limits: up to $5 million
Enterprise PrivaProtector 9.0
Administered By: Ironshore
Distribution: Direct/Broker
| Industries: |
Consultants/Consulting Risks, Contractors, Financial Institutions, Healthcare Systems, Hospitality (Hotels/Motels), Manufacturers/Manufacturing Risks, Public Entities, Retail, Technology Risks |
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Carriers: Ironshore Inc.
Coverage: Business Income/Extra Expense, Cyber Liability, Data Security, Media Liability, Network Security Liability, Privacy Liability/Notification Expense, Regulatory Liability
Limits: up to $5 million
Environmental Liability
Administered By: Rockhill Insurance Group
Distribution: Carrier Direct
| Industries: |
Art Galleries/Fine Art/Museums/Antique Dealers, Artisan & Trade Contractors, Colleges & Universities, Consultants/Consulting Risks, Contractors, Environmental Consultants , Farm/Ranch/Agribusiness, Healthcare Systems, Hospitals, Laboratories, Manufacturers/Manufacturing Risks, Mercantile, Museums, Private/Charter Schools, Residential Real Estate (Directors/Managers), Schools, Schools (Adult Education), Sports Facilities, Trucking, Warehouses, Waste/Recycling Services |
|---|
Carriers: Rockhill Insurance Co.
Coverage: Environmental/Pollution Liability, Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $11 million ((Total Combined Capacity)), up to $10 million ((Excess)), $1 million - $10 million ((Primary))
Miscellaneous E&O
Administered By: CapSpecialty
Distribution: MGU
| Industries: |
Appraisers , Arbitrators & Mediators, Auctioneers, Consultants/Consulting Risks, Interior Designers, Landscape Design/Landscaping/Lawn Service, Miscellaneous Risks, Mortuary/Funeral Services/Directors, Staffing Agencies, Tax Preparers, Translation Services, Trustees |
|---|
Carriers: Capitol Specialty Insurance Corp.
Coverage: Errors & Omissions (E&O), Excess
Limits: up to $5 million (Primary or Excess)
Contractor's Professional and Pollution Legal Liability
Administered By: XL Catlin
Distribution: Direct/Broker
| Industries: |
Artisan & Trade Contractors, Consultants/Consulting Risks, Contractors, Environmental Consultants |
|---|
Carriers: Greenwich Insurance Co., Indian Harbor Insurance Co.
Coverage: Pollution Legal Liability, Professional Liability
Limits: up to $50 million (Claims-Made Pollution), up to $25 million (Occurrence - Pollution ), up to $25 million (Claims-Made Professional)
Design Professional Errors & Omissions
Administered By: XL Catlin
Distribution: Direct/Broker
| Industries: |
Architects & Engineers (A&E), Civil Engineering/Surveyors, Consultants/Consulting Risks, Interior Designers, Landscape Design/Landscaping/Lawn Service, Project Managers |
|---|
Carriers: XL Catlin Insurance Co., Inc.
Coverage: Environmental/Pollution Liability, Excess, Umbrella/Excess
Limits: up to $10 Million
Energy (Excess)
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Biotech, Consultants/Consulting Risks, Contractors, Drilling/Petroleum Risks, Energy Companies, Mine/Mining Risks, Renewable Energy Risks |
|---|
Carriers: James River Insurance Co.
Coverage: Contractors Pollution , Excess, General Liability, Products Liability, Professional Liability
Limits: up to $11 million (Lead Excess or part of higher excess layer - supported or unsupported)
Energy - Primary
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Biotech, Consultants/Consulting Risks, Contractors, Drilling/Petroleum Risks, Energy Companies, Environmental Consultants , Mine/Mining Risks, Public Companies , Renewable Energy Risks |
|---|
Carriers: James River Insurance Co.
Coverage: Contractors Pollution , Excess, General Liability, Products Liability, Professional Liability
Limits: up to $1 million (MEL - Combined Single Limit), up to $5 million/$10 Million (CGL), up to $5 million Occurrence (Pollution, Professional, Products)
Miscellaneous E&O For Healthcare Consultants
Administered By: NAS Insurance Services
Distribution: MGA
| Industries: |
Consultants/Consulting Risks, Health Maintenance Organization (HMO), Managed Care Organizations, Medical Directors |
|---|
Carriers: Lloyd's of London
Coverage: Errors & Omissions (E&O)
Limits: up to $100,000 (e-MD Cyber Liability ), up to $2 million/$2 million
Miscellaneous Errors & Omissions
Administered By: NAS Insurance Services
Distribution: MGA
| Industries: |
Advertising/Printers/Authors, Answering Services, Arbitrators & Mediators, Auctioneers, Auto/Car Dealerships, Back Office Services, Commercial Real Estate Manager/Director, Consultants/Consulting Risks, Court Reporting, Disaster Recovery, Employment Practices, Events and Event Planners, Executive Coaches/Mentors, Farm/Ranch/Agribusiness, Graphic Designers, Interior Designers, Landscape Design/Landscaping/Lawn Service, Miscellaneous Risks, Mortuary/Funeral Services/Directors, Notary Public, Research/Research Organizations (Clinical, Etc.), Security/Investigation/Alarm Systems, Tax Preparers, Training & Certification, Translation Services, Travel Agencies/Tour Operators, Witness Services |
|---|
Carriers: Lloyd's of London
Coverage: Employment Practices Liability (EPL), Errors & Omissions (E&O)
Limits: up to $5 million
TechGuard™
Administered By: NAS Insurance Services
Distribution: MGA
| Industries: |
Application Service Providers (ASPs), Computer Networks, Consultants/Consulting Risks, Data Processing & Management, Digital & Software Development, Internet Service Providers (ISPs), Manufacturers (Hardware), Marketing & Advertising (Online), Project Managers/Project Management, Staffing Agencies, Telecommunication Services, Web Hosting |
|---|
Carriers: Lloyd's of London
Coverage: Cyber Liability, Errors & Omissions (E&O)
Limits: up to $10 million
ACE Advantage® Architects and Engineers Professional Liability
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Architects & Engineers (A&E), Builders Risk/Home Builders, Civil Engineering/Surveyors, Consultants/Consulting Risks, Interior Designers, Space Planners |
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Carriers: ACE Group
Coverage: Excess, Professional Liability, Umbrella/Excess
Limits: up to $15 million
ACE Advantage® Miscellaneous Professional Liability Policy
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Collections/Repossession Risks, Commercial Real Estate Manager/Director, Consultants/Consulting Risks, Credit Bureaus, Residential Real Estate (Directors/Managers), Trustees |
|---|
Carriers: ACE Group
Coverage: Excess, Professional Liability, Umbrella/Excess
Limits: up to $20 million
ACE ATLAS CMP
Administered By: Chubb Ltd. (Formerly ACE Group)
Distribution: Carrier Direct
| Industries: |
Builders Risk/Home Builders, Chemical Manufacturers/Distributors, Civil Engineering/Surveyors, Consultants/Consulting Risks, Financial Consultants/Planners, Insurance Agents, Manufacturers/Manufacturing Risks, Real Estate Agent/Broker, Workers Compensation |
|---|
Carriers: ACE Group
Coverage: Employment Practices Liability (EPL), Excess, General Liability, Umbrella/Excess, Workers' Compensation
Limits: - - - (Limits vary according to industry)
Allied Healthcare
Administered By: Greenhill Insurance Services
Distribution: MGU
| Industries: |
Acupuncturist, Adult Day Care, Allied Health, Ambulatory Surgery Centers (ASCs), Audiologists, Behavioral/Mental Health Organizations, Consultants/Consulting Risks, Counseling (Marriage & Family), Dialysis Centers, Emergency Response Services (Ambulance), Fitness Professionals, Gyms/Fitness Facilities, Home Healthcare, Home Medical Equipment, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Massage Therapy/Therapists, Medical Clinics/Infirmaries, Medical Directors, Medical Labs, Mental Health/Behavioral (Counseling/Counselors), Nurse Practitioners, Nurses, Occupational Therapist, Opticians, Optometrists, Pharmacies, Physical Therapists, Physician Assistants, Psychologists, Speech Therapy/Therapists, Substance Abuse Rehabilitation Facilities & Services |
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Carriers: Lloyd's of London
Coverage: Abuse & Molestation Liability, Employee Benefits Liability, General Liability, Hired & Non-Owned Auto, Professional Liability
Limits: up to $1 million/$3 million (Sexual Abuse), up to $1 million/$3 million (Hired & Non-Owned Auto), up to $2 million/$4 million (Primary Limits)
Architects, Engineers, Surveyors & Consultants (Mid-Size Firms)
Administered By: Victor O. Schinnerer
Distribution: MGU
| Industries: |
Architects & Engineers (A&E), Civil Engineering/Surveyors, Consultants/Consulting Risks |
|---|
Carriers: ACE Group, CNA Insurance Cos
Coverage: Professional Liability
Limits: up to $20 million