Professional liability insurance trends to watch in 2021

Here are five trends to watch in the professional liability market this year. (Photo: Shutterstock)

2020 was a year many called “unprecedented,” as we endured a global pandemic, natural disasters, and social and political unrest. Working remotely became the new normal, and face-to-face interactions became virtual. So what does 2021 have in store?

So far, we have ushered in a new administration, introduced new vaccines, and adapted our lives and businesses as best we can. In the realm of professional liability insurance, which protects individuals and companies that provide professional advice and services from negligence claims and lawsuits, we’re seeing a ripple effect from the drastic changes of the last year. These will continue to impact our business throughout 2021 and beyond.