We continue to evaluate the needs of our insureds, the changing marketplace and where we can best position our products for the greatest success with our customers. Our monoline Excess Professional Liability product is well-positioned to provide the capacity needed in the current marketplace.
Appetite and Product Changes
- We can write top-heavy excess (example: $3 million excess over $2 million or $5 million excess over a split underlying $5 million)
- Minimum attachment point for managed service providers (MSPs) lowered from $5 million to $1 million
- We can drop down over sublimits that are less than $1 million
- This is typically for cyber crime coverages, such as telecom fraud, social engineering and wire transfer fraud
- We can drop down over other sublimits below $1 million, such as dependent business interruption
- Our drop-down limit must be equal to or less than the underlying sublimit
How Can Our Product Set You Above the Competition?
- Limits up to $5 million
- Follow Form Excess
- Available over A- rated carriers, including insurtech companies
- A++ rated carrier by AM Best
- Part of Berkshire Hathaway
- World-class legal services and breach vendors
Let us help you provide a competitive quote option to your clients and give them peace of mind by sending your submissions to [email protected].
Note: This product is unavailable in California, Louisiana, Mississippi, West Virginia and Alabama.
