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Insurance Company Professional Liability for Growth Enterprises

As insurance carriers confront new business, regulatory challenges and adapt to meet new corporate governance expectations, insuring the industry’s management and professional liability exposures is becoming more essential, and more complicated, than ever.

Insurance Company Professional Liability for Growth Enterprises offers coverage for insurance companies and their directors, officers and employees for claims alleging breach of an implied covenant of good faith and fair dealing and failure to perform professional services for third parties. Insurance Company Professional Liability for Small Businesses also covers claims alleging breach of duty, neglect, errors, misstatements, misleading statements, omissions that occur solely in the rendering of an insured's claims handling and adjusting, risk management, safety engineering, safety inspection and loss control operations, personal injury rehabilitation operations, salvage operations, insurance consulting, or actuarial consulting services.

Features and Benefits Back To Top
  • Definition of insured encompasses past and present directors, officers and employees and includes those for whom the insured is legally responsible
  • Full coverage for prior acts is available
  • Punitive damage coverage where permitted by law
  • Worldwide coverage if the suit or claim is brought within the United States
  • Ability for the insured to settle claims within the retention without insurer consent
  • Pays on behalf sums which the insured shall become legally obligated to pay as damages arising out of the rendering or failure to render professional services
  • Payment for defense costs, settlements, judgments and other legal expenses
  • Optional Discovery Period available
 
Claims Back To Top

When a claim occurs, our goal mirrors that of our customer: To resolve it as quickly and fairly as possible. To achieve this goal, Small Business draws on the our vast claims handling resources, including experienced claims specialists and the nation's premier defense attorneys, who have expertise managing even the most complex, sensitive claims and litigation.

To report an Insurance Company Professional Liability claim:

Mail: c-Claim for Financial Lines 
        175 Water Street, 9th Floor
        New York, NY 10038

Fax: 866-227-1750