PROFESSIONAL LIABILITY: TRENDS AND OPPORTUNITIES

Anyone who reads the headlines knows that professional liability risks and losses are big news. From data breaches and allegations of sexual harassment to real estate transactions gone wrong and design professionals’ errors, businesses of all kinds and sizes are facing an increasing number of claims and lawsuits in the professional liability arena.

What’s new from Business Risk Partners in 2015?

We now offer Mono-line Wage & Hour policy coverage for structural engineers in our A&E facility; coverage for financial planners and advisors in our Cyber facility; coverage for real estate agents in the State of California in our MPL …

Coverholders Playing Greater Role in Lloyd’s Global Expansion

Lloyd’s of London began and remains a specialized market (not an insurance company). It accepts risks that are too large, or too complex, or both, that do not lend themselves to coverage through more “normal channels.” Each policy resembles a “bespoke,” i.e. custom made, suit, tailored for the individual client that requires specialized coverage. Placing specialized coverage requires both …

The Agent’s Duty To Advise: Courts Get Tough

Think twice about hyping yourself … you could end up defending a big E&O claim. If you’re like most independent agents and brokers, you’re under intense pressure to set yourself apart from other agents, direct writers, and all those online vendors that are trying to take your business away. So you hire a youthful genius to create an eye-catching …