Errors and omissions liability coverage continues to expand nationally and internationally. In all categories--net premiums written, capacity and various new types of specialized E&O insurance--the numbers are dramatically on the rise.
Insurers are issuing policies in more than 150 different E&O classes of business that reflect an ongoing, substantial growth in professional services, and a corresponding increase in the frequency and severity of claims and lawsuits.
Medical, legal, accounting, architectural, engineering, insurance brokers, technology, and other consulting and professional service providers are exploring coverage under the rubric of "miscellaneous E&O."
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