Here a lawsuit, there a lawsuit, everywhere a lawsuit! Thankfully, independent insurance Agents can assist in protecting and educating leaders and businesses on how to prevent total financial loss at the hands of a professional liability claim. Here are some trending professional lines products that we advise you start marketing to your insureds right away.
Employment Practices Liability (EPLI)
The U.S. has seen an increasing number of lawsuits filed by current and former employees. Even small companies and organizations can become a target. It's important to educate your commercial clients about the risk of operating a business without EPLI coverage.
You may consider marketing EPLI to high risk businesses such as churches, consultants, counseling centers and employment agencies.
Directors & Officers (D&O)
Most BOPs do not protect individual company directors and officers from a suit against them by employees, investors or other parties, for alleged wrongful acts in managing a company. Public, private and non-profit companies can have a D&O exposure in today’s legal environment.
Consider offering D&O to cover individuals for claims made against them while they're serving on a board or as an officer of a company. Many markets will consider hard-to-place classes such as lobbyists, mental health centers, nursing homes, assisted living facilities, crisis centers and more.
Professional Liability / E&O
Lawsuits often involve parties that extend beyond the defendant. If your insured is giving counsel or services which results in a loss, your insured could be held liable for damages.
Take advantage of comprehensive Professional Liability coverage to protect your clients from claims made against them due to negligence, inaccurate advice, misrepresentation or violation of good faith.
Allied Healthcare Professional Liability
Doctors usually have specific and wide-ranging coverage, but what about non-physician healthcare workers? An Allied Healthcare Professional Liability policy provides coverage for a wide range of healthcare professions.
Consider marketing hard-to-place classes including occupational therapists, dental assistants, dietitians, guidance counselors, social workers and even massage therapists.