Professional Lines
Miscellaneous Professional Liability Insurance
Who is Eligible for Miscellaneous Professional Liability?
Miscellaneous E&O coverage is specifically designed for service professionals ranging from funeral directors to tax preparers and everything in between. Stuckey offers coverage for over 150 classes in sectors including business services, residential services, government/legal services, financial services, laboratories, media, education, and consulting.
What are the Biggest Classes?
"The Miscellaneous Professional Liability market is really exploding right now," reports Christopher Boylan, Professional Liability Underwriter for Stuckey & Company. "A lot of what I am seeing these days is coverage for Business Management Consultants. Applications from these consultant classes have increase dramatically over the past 6-12 months, possibly the result of current economic conditions, which are driving growth in the consulting market as employers are contracting work vs. hiring."
Christopher goes on to add that "Title Agents are another class showing really strong growth, and this class represents a huge opportunity for our agents because there are a lot of Title Agents and they really seem to understand the need for E&O coverage in today's environment."
Why Do Service Providers Need Professional Liability Insurance?
As you know, we live in a challenging litigious environment and service professionals are not immune from allegations of negligence, misrepresentation, or inaccurate advice. Professionals are human and can and do make mistakes; even an incident where a provider simply forgets to do something or fails to properly document their work can result in a lawsuit.
The bottom line...any firm that provides services for a fee has liability exposure, and needs professional liability coverage.
Miscellaneous Professional Liability from Stuckey & Company
- In-house quoting authority for accounts generating $6MM in revenue
- Minimum premiums under $1,000 for many classes
- Fast turnaround times for quotes/indications
- Ability to hook up electronic submissions
- Will look at books of businesses
- Admitted paper in most states
- Coverage limits for many risks are available up to $5MM
