If you’re an agent or broker, we can help you and your clients with key Professional Liability Insurance products.
In the past, both managing general agents (MGAs) and managing general underwriters (MGUs) have long provided underwriting services to brokers for a number of coverages across different classes of business. But today, like so many things around us, this is changing and becoming automated. Your small to mid-sized business clients should turn to digitally API-enabled platforms through a white label insurance company which will be a facility for the larger wholesale business.
With API-enabled platforms, like our Cyber IQ Platform, you can quote and compare multiple policies from multiple carriers (for both Cyber Insurance and Tech E&O Insurance) in just minutes.
As these API-enabled platforms replace the traditional MGAs and MGUs, brokers will find they can save time quoting multiple policies at once and quickly compare to see which product best fits the needs of their individual clients.
Below are the Professional Liability Insurance products we offer at ProWriters:
ProWriters offers flexible Cyber Insurance products designed to cover both first-party related exposures, such as IT forensics and business interruption, and third-party related exposures, such as data breach claims and defense costs. We do this on behalf of multiple carriers to provide brokers and their clients with choices while keeping the process simple.
The technological and legal aspects of privacy and data breaches are constantly evolving, which regularly leaves your clients exposed and in need of liability coverage. A Cyber Insurance policy has become the most important step in any business’s cyber risk management plan.
As cyber risks become one of the most significant threats a business will face, ProWriters Cyber Insurance products can provide your clients with the right coverage to insure themselves against these evolving and complex risks.
ProWriters offers Cyber Insurance coverage for companies of all sizes. Even your small business clients could have significant cyber liability exposures.
Ready for a cyber insurance quote? Register for our Cyber IQ Platform where you can instantly quote and compare multiple policies from multiple carriers in just minutes.
Errors & Omissions (E&O) Insurance
ProWriters is recognized for its Errors & Omissions (E&O) products and has underwriting authority for several leading insurance companies.
E&O can be a complicated insurance product as coverage terms and availability change depending on the services being provided.
ProWriters can provide Errors & Omissions Insurance for the classes of business below:
- Allied Healthcare (AHC) E&O
- Architects & Engineers (A&E) E&O
- Cyber & Privacy Liability
- Financial Institutions/ Financial Services
- Miscellaneous Professional Liability (MPL)
- MPL can include classes like lawyers, insurance agents, accountants, real estate agents, trustees, property managers, and many more
- Technology E&O
Directors and Officers (D&O) Insurance
Directors and Officers (D&O) Liability Insurance is also referred to as Management Liability.
The product covers business owners, the board of directors, and individual officers for any liability resulting from the management of the company.
This could be a shareholder action for breach of fiduciary duty, an employment practice’s’ claim for wrongful termination or discrimination, or a claim brought by a creditor alleging misrepresentation.
Below is a list of specific areas of D&O Insurance in which ProWriters focuses.
Your clients need D&O insurance if they:
- Are a private or not-for-profit company currently without D&O (serious exposure)
- Employ lawyers or internal counsel, and counsel requests this coverage
- Have employees, but don’t have Employment Practices Liability Insurance (EPLI)
- Don’t currently have Fidelity Bond/Crime Insurance, which is an important part of any Management Liability Insurance program
- Offer employee benefit plans to their employees (this leads to a fiduciary liability exposure)
- Have employees traveling outside the US
- Are a high net worth individual
- Are a school or university
At ProWriters, we understand that finding your clients the best available coverage has been time consuming and unnecessarily complicated in the past. We strive to make your job easier. Register now for our Cyber IQ Platform to maximize your work product and find your clients the coverage that will give them peace of mind.
To learn more about the coverage and protections that we provide. Contact us, or schedule a call here with one of our experts to get the answer to any questions you may have about coverage options.