The Hartford Financial Services Group Inc. now offers a miscellaneous professional liability policy with premiums beginning at less than $1,000 through its Hartford Financial Products (HFP) unit, one of the nation's largest underwriters of professional and management liability insurance. The coverage is available as a stand-alone policy or as part of the company's Private Choice Encore!! policy.
The miscellaneous professional liability policy is designed for small firms that provide advice or services requiring specialized knowledge. Generally, these firms generate less than $1 million in revenue and have fewer than 10 employees. They represent a range of industries, including marketing or management consultants, executive coaches, career counselors, travel agents and event planners.
Key features of The Hartford's miscellaneous professional liability policy include:
- A tailored definition of professional services to meet the needs of a broad range of companies
- Coverage for personal injury, such as libel and slander, arising from the professional services
- Coverage for punitive damages, where allowed by law
- Liability coverage for erroneous work performed by a subcontractor
- Coverage extension for expenses related to disciplinary proceedings in which a professional is brought before a regulatory body or association.
21 2-resize-380x300-resize-380x300-resize-380x30050-crop-215x144.jpg)
