Nuts & Bolts: Navigators Pro, a division of Navigators Management Company, a subsidiary of The Navigators Group Inc., is adding miscellaneous and lawyers’ professional liability to its financial insurance products. Professional liability insurance provides coverage for errors and omissions to an array of professional service firms. The errors and omissions (E&O) coverages for professionals complements current products including directors and officers, fiduciary, employment practices liability and crime insurance for privately held and publicly traded corporations. Coverages are targeted to small to medium-size professional firms providing administrative, advertising, consulting, employment, legal, management, media, publishing, real estate, and travel-related services. Navigators’ E&O focus includes a broad-spectrum of service providers outside of the auditing, environmental, financial, healthcare, investment, medical, and technology sectors. Navigators Pro offers bespoke insurance products designed to protect professionals from the risks resulting from the negligent execution or performance of fee-based services.
Dollars: Minimum premium/retention $7,000/$25,000.
Carrier: NIC Insurance Co., subsidiary of Navigators Group.
States Available: Texas, Louisiana, Washington, Oregon, Idaho, California, Nevada.
Contact: The Navigators Group, Chris Duca, (212) 613-4305, cduca@navg.com
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