Source: Chubb – Professional Services Insurance
Chubb: Professional Services Insurance Appetite
Chubb is the gold standard for professional services insurance. Their E&O coverage is the broadest available, with pre-claim assistance and worldwide coverage. The integrated management liability suite is ideal for growing firms that need D&O, EPL, and cyber in a single program. Premium-priced but delivers the most comprehensive protection in the market.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Professional Liability (E&O) |
| Directors & Officers |
| Employment Practices Liability |
| Cyber Insurance |
| Workers' Compensation |
| Umbrella/Excess |
Premium Range
$2,000-$15,000
Typical annual premium
Target States
All 50 states and DC
Key Features
- Industry-leading professional liability with broad definition of wrongful acts
- Integrated management liability suite – D&O, EPL, and fiduciary in one policy
- Cyber insurance with full incident response team and breach coach
- Worldwide coverage for firms with international consulting engagements
- Pre-claim assistance and risk management resources included
Limitations
- Minimum premium may exclude solo practitioners and very small firms
- Law firms with over 100 attorneys need Chubb's specialty law firm program
- Financial advisors managing over $1B AUM need individual underwriting
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