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Professional Liability for Electrical Engineers with the Aspire A&E Program

By: Michelle Hovis | Posten on: Jul 17, 2015 8:48:00 AM

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Electrical engineering dates back to the late 19th century. These engineers help us in almost every aspect of our lives.

 

Opportunity:

  • There are more than 300k electrical engineers in the U.S.
  • The job outlook for electrical engineers is growing through 2020

 

How to Quote:

 

Desirability:

  • Electrical Engineers

 

Exposure Concerns:

1) No conveyor and conveyor systems

2) No marine projects

3) No aerospace or nuclear projects

4) Does the applicant offer any other types of engineering services?

 

 Key Underwriting Questions:

1) What types of projects is the applicant working on?

2) Who are the top applicants top 3 clients?

3) Does the applicant have current E&O insurance?


Coverage:

  • Limits up to $2M
  • Revenue up to $2M
  • Deductibles from $5k to $25K

 

If you have any questions or would like to talk to an underwriter regarding this class, please feel free to email Michelle@stuckey.com or visit our website at Stuckey.com for more information on the Aspire A&E program for professional liability for architects and engineers 

Become an Agent


 

Topics: Blog, Miscellaneous Professional Liability, professional E&O, professional liability, MPL

Professional Liability for Civil Engineers with the Aspire A&E Program

By: Michelle Hovis | Posten on: Jun 25, 2015 8:59:33 AM

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Civil engineers design, construct, supervise, operate, and maintain large construction projects and systems to including roads, buildings, airports, tunnels, dams, bridges, and systems for water supply and sewage treatment.

 

Opportunity:

  • The number of jobs for civil engineers are over 300k
  • The job outlook for civil engineers will be up 20% over the next 10 years

 

How to Quote:

 

Desirability:

  • Civil engineers

 

Exposure Concerns:

1) Limits on bridges to 150ft in length 

2) No marine projects

3) No aerospace or nuclear projects

4) Does the applicant offer any other types of engineering services?

 

 Key Underwriting Questions:

1) What types of projects is the applicant working on?

2) Who are the top applicants top 3 clients?

3) Does the applicant have current E&O insurance?


Coverage:

  • Limits up to $2M
  • Revenue up to $2M
  • Deductibles from $5k to $25M

 

If you have any questions or would like to talk to an underwriter regarding this class, please feel free to email Michelle@stuckey.com or visit our website at Stuckey.com for more information on the Aspire A&E program for professional liability for architects and engineers 

Become an Agent


 

Topics: Blog, Miscellaneous Professional Liability, professional E&O, professional liability, MPL

Professional Liability for Engineers through the Aspire A&E Program

By: Michelle Hovis | Posten on: Jun 18, 2015 2:35:00 PM

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An engineer is a professional practitioner of engineering, concerned with applying scientific knowledge, mathematics, and ingenuity to develop solutions for technical, societal and commercial problems.

 

Opportunity:

  • According to the National Society of Professional Engineers there are more than 2 million practicing engineers in the United States.

How to Quote:

Desirability:

  • Electrical Engineer
  • HVAC Engineer
  • Mechanical Engineer
  • Civil Engineer

Exposure Concerns:

1) No structural engineers

2) No soil/geotechnical engineers

3) No chemical engineers

 

Key Underwriting Questions:

1) Does the applicant do any structural work?

2) Who are the top clients?

3) What type of civil engineering services are being provided?


Coverage:

  • Limits up to $2M
  • Revenue up to $2M
  • Deductibles up to $25M

 

If you have any questions about our Aspire A&E professional liability program or would like to talk to an underwriter regarding this class, please feel free to email Michelle@stuckey.com or visit our website at Stuckey.com for more information. 

Become an Agent


 

Topics: Blog, Miscellaneous Professional Liability, professional E&O, professional liability, MPL

Professional Liability for Architects through the Aspire A&E Program

By: Michelle Hovis | Posten on: Jun 15, 2015 10:06:00 AM

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Life is architecture and architecture is the mirror of life -  I.M. Pei

A potential insured that practices architecture, provides services in connection with the design and construction of buildings and the space within the site surrounding the buildings.

Opportunity:

  •  Currently there are over 105,000 architects in the U.S. according to the American Institute of Architects

How to Quote:

Desirability:

  • Residential Architects
  • Commercial Architects
  • Landscape Architects (Limited pool and park exposure)

Exposure Concerns:

1) Condominiums

2) Pools and Parks

3) Bridges and Highways

 

Key Underwriting Questions:

1) Does the architect design condominiums?

2) Who are the top clients?

3) What type of landscape design services are being provided?


Coverage:

  • Limits up to $2M
  • Revenue up to $2M
  • Deductibles up to $25M

 

If you have any questions or would like to talk to an underwriter regarding this class, please feel free to email Michelle@stuckey.com or visit our website at Stuckey.com for more information. 

Become an Agent


 

Topics: Blog, Miscellaneous Professional Liability, professional E&O, professional liability, MPL

Personal Services - Coverage for your business

By: Michelle Hovis | Posten on: May 7, 2015 10:00:00 AM

MPL_Personal

We all have tight budgets and carry certain expectations when we spend our hard-earned money for the products and/or services offered by others. When those expectations aren’t met, conflicts arise, and often times this can lead to professional liability claims. The only solution: adequate coverage

Examples Include:

  • Event Planners - SIC 7382
  • Translators\Interpreters - SIC 7389
  • Travel Agencies - Sic 4724

Exposure Concerns:

Some of the exposure concerns with the personal services class are negligent vendor management, breach of contract, not providing the correct information to the client, misrepresentation and fraud.

Prohibited Classes:

  • Funeral Directors
  • Animal Services
  • Day Spas

Key Questions:

1) Is the travel agency a retail or wholesale operation? Do they book cosmetic surgical vacation packages? 

2) Who are the major clients?

3) What types of documents are translated?

4) Does the applicant belong to any associations or groups?

5) Does the applicant use written contracts when providing their services?

Coverage:

  • Revenues up to $10M
  • Limits up to $5M
  • Deductibles from $1k to $50k

If you have any questions or would like to talk to an underwriter regarding this class, please feel free to email Michelle@stuckey.com or visit our website at Stuckey.com for more information. 

Become an Agent


 

Topics: Blog, Miscellaneous Professional Liability, professional E&O, professional liability, MPL

Legal Services - Keeping your business protected

By: Michelle Hovis | Posten on: Apr 7, 2015 3:49:45 PM

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Many people see this class as lower risk, but that really isn’t the case – especially when you consider that these individuals can often be instrumental in the criminal justice process. One error or omission in this realm can have potentially devastating repercussions to all involved, thus opening the door to a large E&O exposure

 

Examples Include:

  • Court Reporters - SIC 7338
  • Private Investigators - SIC 7381
  • Polygraph Operator - SIC 7381
  • Handwriting Analysts - SIC 8011
  • Forensic Document Examiners - SIC 8011
  • Process Servers - SIC 7389
  • Expert Witness
  • Paralegal

Exposure Concerns:

With anything that involves the legal community, the door is always open for misrepresentation or an error in services. This can lead to claims and possibly even losing the business if a lawsuit were to occur. 

Prohibited Classes:

  • Collectible Memorabilia Examiners
  • Bounty Hunters
  • Social Engineering
  • Kidnap/Ransom Investigators
  • Child Custody Investigations

Key Questions:

1) Who are their top clients?

2) What is the background of the applicant? Do they have a resume?

3) Is the applicant accredited?

4) Does the applicant belong to any associations or groups?

5) Does the applicant use written contracts when providing their services?

Coverage:

  • Revenues up to $10M
  • Limits up to $5M
  • Deductibles from $1k to $50k

Become an Agent

If you have any questions or would like to talk to an underwriter regarding this class, please feel free to email Michelle@stuckey.com or visit our website at Stuckey.com for more information. 


 

Topics: Miscellaneous Professional Liability

Management Services - Not Just Consulting Anymore

By: Michelle Hovis | Posten on: Mar 5, 2015 12:45:00 PM

 MPL_Management

Management services help coordinate the efforts of people to accomplish goals and objectives using available resources efficiently and effectively. The types of businesses in this class perform these types of services. 

As I mentioned in my last blog, there are seven (7) services classes within our Micellaneous Professional Liability program.

Opportunity:

  • Size of Market: 2,420,355
  • Average Premium: $1,300
  • Minimum Premium: $500

How to Quote:

 Examples include:

  • Management Consulting Firms Professional - SIC 8742
  • Marketing Firms Professional - SIC 8742
  • Advertising Firms Professional - SIC 7311
  • Human Resource Management Professional - SIC 8742
  • Background/Pre-Employment Screening Firms Professional - Sic 7381
  • Direct Mail Services Professional -SIC 7331
  • Public Relations Firms Professional - SIC 8743

Exposure Concerns:

Improper/negligent advice, copyright or trademark infringement, misrepresentation, libel/slander, and breach of confidentiality are a few of the exposure concerns for this class. 

Prohibited Services:

  • Medical Consultants
  • Security Consultants
  • Mortgage Brokers
  • Social Services
  • Architectural Consultants - Try our Aspire A&E program
  • Loan Consultants
  • Public Officials

Key Questions:

1) Who is relying on their advice?

2) Are they involved in mergers or acquisitions?

3) What risk management procedures are in place?

4) Do they use a written contract/agreement with their customers?

5) What steps do they take to maintain data security?

Coverage:

  • Revenues up to $10M
  • Limits up to $5M
  • Deductibles from $1k to $50k

Additional Coverage:

  • BOP
  • Workers Comp
  • Commercial Auto
  • Bonds
  • EPLI
  • Ect...

Email Underwriter

If you have any questions regarding Miscellaneuos Professional Liability, please contact Michelle at Michelle@Stuckey.com or visit our website at Stuckey.com

 



 

Topics: Miscellaneous Professional Liability, MPL

What is Miscellaneous Professional Liability Insurance?

By: Michelle Hovis | Posten on: Jan 21, 2015 3:09:00 PM

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Lawsuits can happen to any business,
no matter how many steps you have in place to avoid it.

 

An error, omission, or misrepresentation of service(s) can put your business in jeopardy for a lawsuit. Even not meeting contractual deadlines can have dire consequences. Having professional liability insurance can help protect you from a costly mistake by providing legal and monetary coverage, thus making sure your business stays your business. 

 

  • Even a small lawsuit can bankrupt a business
  • Professional liability insures that your legal needs are met for the insured service(s) provided
  • Small price to pay for a piece of mind
  • fulfills contractual requirements

 MPL Application

Could your business benefit from Miscellaneous Professional Liability Insurance? If so, contact Stuckey & Company for your business insurance needs. 

http://www.stuckey.com/mpl/miscellaneous-professional-liability/





Topics: Miscellaneous Professional Liability, professional liability, MPL, IT E&O, mga insurance, errors and omissions, lawsuit

Learn More about Management Liability

By: Elizabeth Sedlock | Posten on: Sep 7, 2012 10:47:00 AM

One unique segment in the professional liability realm is that of management liability.  Specifically, when we use the term, “management liability,” we are referring to the coverage offered by D&O (Director’s & Officers), EPLI (Employment Practices), CRIME, FIDUCIARY LIABILITY, and KIDNAP/RANSOM/EXTORTION.

Free image courtesy of FreeDigitalPhotos.net

Any of the noted 5 coverage lines can be grouped together or written completely monoline by a handful of our carriers.  Each of them is unique and many of these lines are so important they should sell themselves, yet often go unnoticed.

For example, EPLI is sometimes considered only as ‘sexual harassment’ coverage. While this is an aspect of coverage, EPLI offers so much more like protection from unfair hiring and firing practices suits.

One objection for people not purchasing this coverage is that they ‘don’t have any employees.’ While this may be true, what about anyone coming onto the premises like a UPS delivery person, an office supplies vendor or unwanted solicitors? Maybe your client was looking to bring on some part time help, and interviewed 10 candidates, yet one that was NOT chosen felt discriminated against and filed a claim for unfair hiring practices. The bottom line is anyone can make an accusation, even if it is fraudulent, and coverage needs to be considered.

We have some great marketing material and can quote these coverage lines at competitive rates across the country.  Let us help you help your client be fully covered!

Take a look at our most recent Management Liability webinar to learn more or fill out an application today.

                   

Topics: Miscellaneous Professional Liability, MPL

July 2012 Stuckey Agent Alert

By: Elizabeth Sedlock | Posten on: Aug 1, 2012 9:49:00 AM
Stuckey Agent Alert
Safety TekAspire A&EHarbor GuardMPLElementServicerProPersonalCommercial
 

Meet Libby Bechtold: Your New SafetyTek Underwriter

This month, Libby Bechtold joins the SafetyTek team as a Technology Professional Liability Underwriter.

Libby has been a part of Stuckey & Company for more than 5 years, serving as an underwriter in the commercial lines group.  Her experience with commercial liability made her a perfect fit for the SafetyTek underwriter position. 

To contact Libby, please email her at libby@stuckey.com or call her at 800.828.3452 *24.

For ALL commercial lines inquiries, please contact Kyle Dallavis at kyle@stuckey.com or    800.828.3452 *25.

Technology Liability Underwriter: Libby Bechtold 


MPL Incentive Program Winner

Congratulations to Sabrina Hovel, the winner of Stuckey & Company's Miscellaneous Professional Liability (MPL) Incentive Program!

Ms. Hovel received a new iPad as a "thank you" from Stuckey & Company for all her hard work.

MPL Incentive Winner

DON'T FORGET: The Commercial Lines Incentive Program is running in July and August so get your bind orders in NOW.


Errors & Omissions: Critical in Today's Market

When speaking with your business clients about their insurance needs, do you remember to include errors & omissions insurance options as critical components of their insurance packages?

More than 50,000 lawsuits are filed each day in the United States, bringing the number of lawsuits filed in the U.S. to more than those filed in every other country combined--and our litigious society doesn’t show any signs of slowing down.

Lawsuits cost money. Even if a suit is dismissed in the end, lawyer fees need to be paid, damage to the company’s reputation could lose potential clients and countless hours are wasted that could be better spent growing the business than preparing a defense.

Who Needs Errors & Omissions Insurance?

No company is immune to liability lawsuits. From one-person consulting companies to large multimillion-dollar corporations, every business should make sure they have enough protection in place to protect themselves against a lawsuit.

Some classes of business are more at risk for liability lawsuits than others, making errors & omissions insurance the perfect complement to their existing insurance packages.

Technology Professionals

Imagine installing a new system at a large corporation, only to have the system hacked and financial records compromised. Now imagine being held personally accountable as the individual who installed the faulty system. Tech professionals need E&O insurance to protect them from exactly these types of scenarios.

Architects

Whether your client designs a dream building or a simple office building, small mistakes can happen and lead to faulty structure. E&O insurance protects architects from losing their firm because of a tiny mistake that leads to huge financial loss for a client.

Lawyers

Lawyers know how litigious today’s society is, so it should be no surprise that they need to protect themselves against a lawsuit. Even if a lawyer plans to personally defend his firm against potential lawsuits, that time would be much more profitable if he spent it on billable hours instead!

Consultants

Wedding planners need insurance too. What happens if she makes a mistake when scheduling a delivery or reservation date? Business liability insurance coverage can mean the difference between a small error and a catastrophic one for the small business owner.

As an insurance professional, be prepared to let your clients know exactly why they need E&O insurance to keep their businesses afloat. 

For more information about technology E&O insurance, contact Maggie Hammett at maggie@stuckey.com.

For more information regarding other E&O insurance, please contact Chris Boylan at chris@stuckey.com.

 
Inside This Issue
 

Libby Bechtold: Your Technology Liability Underwriterdiv
MPL Incentive Winnerdiv
Errors & Omissions: Critical in Today's Marketdiv

 
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Did you know?

Stuckey & Co. strives everyday to make your job easier. That is why we offer the following FREE online quoting systems:

1. EZLynx: A personal lines comparative rater. Currently agents can quote Safeco, Hartford and Travelers homes and autos with one entry. We hope to be adding more carriers soon!

2. EZConnect: A rater for commercial lines, including all lines of BOP, auto and workers comp. Quotes from the Hartford, SafeCo and CNA.

3. SafetyTek: Real time technology E&O quoting, with no minimum book of business required.

 

 


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"I enjoyed the [MPL]webinar and appreciated the copy of the PowerPoint presentation."

- Broker, South Carolina

 
 


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Topics: Stuckey & Company, Miscellaneous Professional Liability, technology E&O, agent alert, MPL

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