Specialty Services Professional Liability

Specialty Services

Specialty services range from Scientific and Technical systems, Manufacturing systems, Medical systems to Computer Aid Designs.  Typically these services are tailored to one subject matter, and a bit higher risk than a wide range of Information Technology Service most companies offer.

Opportunity:

• Size of Market:  Over $3.2B in revenue
• Average Premium:  $1,200
• Minimum Premium:  $500

How to Quote:

• Technology E&O Application
• EZConnect Online Quoting

Categories include:  

• Computer Aided Design (Non-Structural)
• Manufacturing Systems (Robotics, PLC, CAM)
• Medical Systems
• Scientific and Technical Systems

Exposure Concerns:

End use of system will determine the concerns.  Medical systems that monitor health or life support monitoring. Structural computer aid design; Scientific and Technical systems that offer model simulation for Department of Defense these are all high risk exposures.  Help your clients understand technology insurance.

Key Questions:

1. What services do they offer to clients?
2. What is the end use of system?
   
3. What industry to they serve?

 Coverage:

• Revenues from $1k to $25M
• Limits up to $5M
• Deductible options ranging from $1k to $250k

If you think that you have a business or know of a business that provides these type of services and is in need of professional liability, please contact Stuckey & Company.