Nuts & Bolts: Travelers Bond added miscellaneous professional liability to its line of executive liability products. This E&O coverage provides professional liability for a wide variety of professional service providers, and complements current offerings. It provides coverage for negligence in the performance of services for a fee where a reasonable standard of care is expected. Types of businesses targeted include, consultants, employment agencies, funeral directors, graphic designers, printers and publishers. Available as a claims-made and reported policy that features “duty to defend” and “pay on behalf of” wording, prior acts of coverage and $10,000 defense coverage outside of retention for disciplinary proceedings.
Carrier: Travelers Property Casualty.
States Available: Currently admitted in half the states, expected to be admitted in all states by the end of 2002.
Was this article valuable?
Here are more articles you may enjoy.
Cloudflare Resolves Global Outage That Disrupted ChatGPT, X 
PwC: Insurance Execs Say Agentic AI Leading Industry Transformation 
Five Reasons Why the US Escaped a Hurricane Landfall So Far This Year 
Insurance IPOs Hit 20-Year High on Wall Street From This Issue
