Source: Cincinnati Financial – Professional Services
Cincinnati Financial: Professional Services Insurance Appetite
Cincinnati Financial is a solid option for professional services firms in their territory. Their local field reps can often provide more personalized service and faster decisions than national carriers. E&O coverage is available for standard professions but not for regulated professions that need specialty programs.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Professional Liability (E&O) |
| Workers' Compensation |
| Commercial Auto |
| Umbrella/Excess |
Premium Range
$1,000-$7,000
Typical annual premium
Target States
44 states (primarily Midwest, Southeast, Mid-Atlantic)
Key Features
- E&O available for consultants, accountants, and advisory firms
- BOP with broad coverage for office-based professional firms
- Workers' comp with competitive rates for clerical operations
- Local underwriting authority for quick binding decisions
- Competitive pricing in Midwest and Southeast markets
Limitations
- Attorneys, architects, and engineers need specialty E&O carriers
- Not available in 6 states – geographic limitations apply
- Firms over $10M revenue may need commercial package policy
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