Errors & omissions for a wide variety of small and medium-sized businesses
- Your management consulting firm was hired by a chief operating officer (COO) to help overhaul the operations of a major health insurer. Your recommendations included restructuring back-office functions and significant investments in accounting and workforce-management solutions. Halfway through implementation, the COO and two other C-level executives were fired and you were told that all work should stop so the client could revisit the project. Weeks later, your firm was sued by the client, alleging you underestimated restructuring costs by several million dollars and that the changes made to the back office have harmed the client’s ability to conduct business and resulted in lost revenue.
- Your executive search firm was hired to conduct a search to replace the retiring chief financial officer at a well-respected college. After you identified and vetted candidates, the school conducted interviews and hired of one that was presented by your firm. Once the new CFO began, it became clear that her skillset did not match the background and experience presented to the school. An investigation revealed false statements on the candidate’s CV. The school sued your firm, seeking compensation for the cost of the investigation and termination of the candidate, as well as extra expense incurred from alleged mistakes the candidate made while employed by the college.
- Your language translation firm was hired to translate English-language safety manuals for a client expanding globally. Months after the manuals were published, it was discovered that several did not meet local regulatory requirements, which resulted in penalties being assessed against your client. The client hired another firm to review all the materials and discovered that, in addition to the already identified mistakes, several manuals had been incorrectly translated in key areas. The client sued your firm for the regulatory penalties incurred, as well as the extra expense to correct the mistakes made and replace the manuals.
Misc Pro target clients
- Revenues up to $100M
- No claims or incidents in last five years (will consider risks with limited claims activity)
More 120 different classes of business, including:
Accident reconstruction services
Alarm monitoring services
Independent claims adjusters
Security guards (unarmed)
Managed care providers
Real estate agents/brokers
Real estate appraisers
Misc Pro coverage highlights
- Unintentional breach of contract coverage included
- Automatic additional insured status for clients
- Worldwide territory (wrongful acts and claims)
- Contingent BI/PD coverage available
- Advertising / media coverage available
Limits, premium and availability
- Up to $5M limits (primary or excess)
- $2,500 minimum premium
- $2,500 minimum retention
- Available for firms in all 50 states and the District of Columbia
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