Customized Protection for Professional Service Risks

• Who Needs It: Physicians, surgeons, dentists, nurses, psychologists, pharmacists, physical therapists, and other healthcare professionals.
• Policies Written:
• Individual provider coverage
• Group practice coverage
• Entity (clinic/hospital) coverage
• Tail coverage (extended reporting period)
• Claims-made and occurrence-based forms⁵ ¹²
• Coverage Features: Defense and settlement costs, damages for injury or death, disciplinary proceedings, HIPAA/regulatory defense (sometimes as add-ons)^5 12

• Who Needs It: Accountants, CPAs, accounting firms, auditors.
• Policies Written:
• Individual and firm policies
• Full prior acts coverage
• Duty to defend and first dollar defense options⁸
• Coverage Features: Malpractice claims, errors in financial reporting, defense costs, disciplinary proceedings, network security coverage⁸

• Who Needs It: IT consultants, software developers, web designers, managed service providers, tech startups.
• Policies Written:
• Tech E&O (often bundled with cyber liability)
• Standalone E&O or combined with third-party cyber⁶
• Coverage Features: Defense against claims of professional negligence, failure to deliver, software errors, data breaches, and network security incidents⁶
  

• Who Needs It: Real estate agents, brokers, property managers, appraisers, mortgage brokers.
• Policies Written:
• Errors & omissions (E&O) for individuals and firms
• Coverage for property managers and appraisers
• Extended reporting period options^{10 13 16 18}
• Coverage Features: Negligence, misrepresentation, failure to disclose, inaccurate advice, defense costs, settlements, crisis event reimbursement^{10 13 16 18}

• Who Needs It: Property/casualty and life/health insurance agents, brokers, MGAs, program administrators.
• Policies Written:
• Individual agent/broker policies
• Agency-wide coverage
• Primary and excess limits⁹
• Coverage Features: Wrongful acts, personal injury, disciplinary proceedings, broad definition of professional services, punitive damages (where insurable)⁹
  

• Who Needs It: Architects, engineers, land surveyors, landscape architects, construction managers.
• Policies Written:
• E&O for design professionals
• Pollution incident coverage
• Excess coverage options⁴
• Coverage Features: Errors in design, project management mistakes, wrongful acts, pollution incidents, defense costs⁴

• Who Needs It: Consultants, marketing/PR firms, HR consultants, photographers, travel agents, interior designers, and other professionals not covered by industry-specific policies.
• Policies Written:
• MPL tailored to specific services
• Standalone or as an add-on to other policies
• Coverage Features: Negligence, errors, omissions, misrepresentation, copyright/trademark infringement, contingent bodily injury/property damage, privacy breach/network security (optional)
  

• Claims-Made: Covers claims made during the policy period, regardless of when the act occurred (most common for professional liability)^3 15
• Occurrence: Covers claims for incidents that happened during the policy period, even if the claim is made after the policy expires (rare in professional liability)^3 15
  

Hako Risk & Insurance can place a wide range of professional liability policies for middle-market

clients, tailored to the specific exposures of each profession. Key types include medical malpractice, lawyers’ liability, accountants’ liability, tech E&O, real estate E&O, insurance agents’ E&O, architects/engineers’ liability, and miscellaneous professional liability. Each category offers policies with features and endorsements designed to address the unique risks of that profession, ensuring comprehensive protection against claims of negligence, errors, omissions, and related exposures.