The current state of professional liability insurance

Insurance is a complex business. When it comes to professional liability coverages, the public at large has at least a basic familiarity with medical malpractice insurance. Most people have doctors, and it grabs headlines when a doctor or health care facility makes a mistake.

But in fact, there are many different types of professions other than medicine that benefit from liability insurance, which is also known as errors and omissions insurance. Most any professional whose counsel or service could lead to potentially negative outcomes for customers, should carry some degree of professional liability insurance.

In this episode, Argo Pro President Mary Henderson talks about about the state of the professional liability insurance market — one of the few areas within the P&C sector that’s not experiencing a hardening.

To hear our entire conversation with Henderson, listen to the full podcast episode above or subscribe to Insurance Speak on Spotify, Apple Music or Libsyn.

See also:

• RPS: Expect continued softening of management, professional liability lines
• The best professional liability insurance companies for 2022
• What professional liability rate increases really say about a carrier