Munich Re Specialty Insurance (MRSI) has released a miscellaneous professional liability product for non-specialist, commercial businesses.
Miscellaneous professional liability (MPL) coverage provides liability and defense costs from claims that allege errors or omissions in the rendering of professional services. MRSI will offer the new product through select wholesale brokers with a focus on coverage for consultants, financial services, human resources, insurance-related and real estate professionals.
Coverage is offered on an admitted and non-admitted basis and is available on a primary and excess basis.
Munich Re’s underwriting team are based in offices located in Philadelphia, Atlanta, Chicago, and San Francisco, can tailor MPL product to local markets and regulations.
MPL claims will be handled in the Philadelphia claims home office by an in-house legal team with expertise in litigation and coverage defense in professional liability.
MRSI said it plans to launch additional lines of professional liability coverage later on in 2020.
Topics Excess Surplus Liability
Was this article valuable?
Here are more articles you may enjoy.
Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration 
Florida Court Says 2020 Law Gives ‘Very Broad’ Liability Immunity to Rideshare Firms 
NC Jury Award for Workers Injured in Wall Collapse May be Largest in State History 
Florida’s Property Tax Plan Risks Charging Fees for ‘Everything’ 
