Professional Liability
About the Insurance Carrier
Lloyd’s of London
Lloyd’s of London has a history dating back more than 300 years, and has grown to be the world’s leader for specialty insurance.
“A” (Strong) rated by Standard & Poor's
“A-“(Excellent) rated by A.M. Best Rating
About the Insurance Policy
Available Policy Limits:
- $1,000,000 per claim / $1,000,000 annual aggregate
- $2,000,000 per claim / $2,000,000 annual aggregate
- $3,000,000 per claim / $3,000,000 annual aggregate*
- $4,000,000 per claim / $4,000,000 annual aggregate*
- $5,000,000 per claim / $5,000,000 annual aggregate*
*Limits higher than $2,000,000 are subject to additional underwriter review and approval
Deductible: $5,000 per claim, with multiple deductible options available
Policy Type: Claims Made
Policy Coverage: Professional Liability
Cyber Liability and Computer Network Security Sub-Limit:
- $100,000 standard to all policies, with options up to $2,000,000
Other Policy Benefits:
- Broad definition of professional services
- Crisis management expense
- Personal injury liability
- Coverage for HIPPA/HITECH breaches
- Coverage for independent contractors
- Defense cost included in the policy limits
- Worldwide coverage
PLEASE NOTE:
This is only a partial, general description of the policy benefits and does not constitute a contract. Policy coverage and benefits are subject to the terms, conditions, and exclusions contained in the policy. The policy will govern if any conflict exists between these highlights and the policy. For complete provisions and exclusions, please refer to the policy itself.