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Miscellaneous Professional Liability

Protecting your business in today’s changing marketplace.

Businesses of all sizes are presented with a variety of professional liability risk exposures. Munich Re Specialty Insurance offers professional liability coverage that addresses those unique risks that your clients face. We offer a wide array of solutions, best-in-class product knowledge, and an unparalleled level of service through our select broker network. As your partner, we’ll help your clients’ businesses thrive today and tomorrow.

Coverage Details

Up to $5,000,000 in limits
$5,000 minimum deductible and premium
Primary and excess
Duty to defend
Tailored definition of professional services
Supplementary payments for:
- Defense for Disciplinary Proceedings
- Subpoena Expenses
- Loss of Earnings
Punitive damages where insurable by law
Broad definition of Insured to include: independent contractors, joint ventures, and subsidiaries

Automatic coverage for subsidiaries
Personal Injury coverage for bodily injury/ property damage
Pecuniary interest of up to 20%
Innocent insured coverage for alleged fraud and discrimination acts and defense provided for such claims through judgment or final adjudication
Allocation of defense and damages for covered and uncovered matters
Defense and Settlement 75% / 25%
Automatic Acquisition Threshold 20%
Contingent BI/PD available for certain classes
Our paper is Princeton Excess and Surplus Lines Insurance Company, rated A+, XV (Superior) by AM Best and financial strength rating of AA- (very strong) from Standard & Poor’s.

Target Classes

Consultants

Financial Services

Human Resources

Insurance Related

Real Estate

Claims scenarios

Group of business people working in an office

Collection Agent: A collection agent uses robot dialing and does not scrub for cell phones. Calling system dials a cell phone number multiple times. Owner of the cell phone files suit against agent for TCPA violation. Each call is an individual violation. This practice often times leads to class action status.

Consultant: A consultant provides a strategy to a client in order to attract more business. The consultant failed to get accurate information of the demographics of the area. The client relies on the faulty advice and the business does not grow. The client then sues, alleging loss of income due to improper fact verification and misrepresentation.

Property Manager: A property manager was contracted by the owner to manage a retail space. Tenants did not renew their leases as the property manager did not upkeep the property properly. The owner sued the property manager for negligence and breach of contract, alleging loss of income due to his lack of maintaining the property.

Download our Miscellaneous Professional Liability Product overview for more information.

Download

Contact our experts

Marcia Blanco

Head of Professional Liability

Phone: +1 (415) 601 4333

E-Mail: marcia.blanco@munichre.com

Ismail Adebayo

E&S PL Underwriter Senior

E-Mail: iadebayo@munichre.com

Ursula Williams

E&S PL Underwriter Senior

E-Mail: uwilliams@munichre.com

Kevin Burt

E&S PL Underwriter Senior

Phone: kburt@munichre.com

_{Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. Products and services are underwritten and provided by The Princeton Excess & Surplus Lines Insurance Company (PESLIC), an affiliate of Munich Reinsurance America, Inc. PESLIC is a surplus lines insurer and surplus lines coverage can only be placed by or through a licensed surplus lines producer or broker. The information contained herein is intended for surplus lines brokers and producers. It also is intended as general information only and does not constitute an offer to sell or a solicitation of insurance. Any descriptions of coverage contained in this information sheet are meant to be general in nature, may not be available in every state, may vary by state, and do not include nor are intended to include all of the actual terms, benefits, and limitations found in an insurance policy.}