New miscellaneous professional liability insurance from Berkshire Hathaway

Professional Liability Insurance Claims
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This MPL product from the BHSI Professional First line has been launched in Canada. Berkshire Hathaway Specialty Insurance (BHSI) has now announced the launch of their new Professional First™ Miscellaneous Professional Liability Insurance that can be purchased within Canada. This new type of liability insurance product offers professionals coverage against a range of accusations. According to the descriptions of the new BHSI miscellaneous professional liability insurance policy, it allows professionals to cover themselves and their services firms against allegations of errors or omissions, negligent acts, neglect, misleading statements, misstatements, breach…

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Five Tips for Keeping Errors and Omissions Insurance Costs Down

Errors and Omissions Insurance

In our lawsuit-happy society, in which even the spillage of hot coffee can lead to a multi-million dollar settlement, virtually every business needs some form of errors and omissions (E&O) insurance. Also referred to as professional liability insurance, professional indemnity insurance and, in the medical field, malpractice insurance, E&O insurance covers various types of businesses against the costs associated with civil lawsuits. The economy remains strained, however, and business executives want to know how they can minimize the cost of E&O insurance. In this article, we’ll look at five ways…

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Statewide brings contractor insurance services into Washington state

Leading general liability insurance, commercial vehicle coverage, workers compensation and bonds provider for contractors, Statewide Insurance Brokers, has announced that it has broadened its contractor insurance offerings to include Washington State. The insurer has been providing these products to thousands of contractors of all forms from painters to electricians, since 1995. Today, Statewide Insurance is operating in seven states – Nevada, Oregon, Texas, Virginia, Washington, Minnesota, and California – but has plans for widening. According to one of the company’s senior underwriters, Lana Matar, demand is what is fueling their…

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