The professional services sector has always been held to higher standards than other business types – and at a critical time like this post-pandemic phase, comprehensive insurance coverage becomes even more important for professionals, the Canadian managing general agent CHES Special Risk has said.
“At CHES Special Risk, we have a broad appetite for a wide range of professional service providers. From event planners and travel agents to technology providers and social media consultants, CHES has creative solutions designed to meet the highly specific needs of a very diverse group of professions,” said CHES Special Risk Vancouver office branch manager Spencer Denton.
The MGA – already one of the leading producers of insurance in the construction (Insurance Business named CHES Special Risk one of 2022’s 5-Star Construction winners) and jewelers block spaces – said that it has assembled a strong team of E&O underwriters in the past few years, to position itself as a contender in the professional services market.
Read more: Facing down the construction industry's growing uncertainties
Denton noted that CHES’ package policies not only feature errors & omissions (E&O) coverage, but also commercial general liability and cyber coverage.
CHES Special Risk made special mention of the health and wellness sector, where constant improvements are being made to existing procedures. New treatments are continually being developed by clinics, spas, and other health service providers – but the risk of malpractice remains ever-present. The company has stated that a strong professional liability coverage can cover the cost of legal defense or damages should a case reach such a point.
“Much like the innovations going on within the industry, at CHES we are also constantly innovating and updating the medical malpractice policies to cover these new treatments and keep up with the fast-paced industry,” said Spencer.
CHES Special Risk’s professional liability insurance offering is for professionals from a wide range of industries, and not just those in health and wellness. These professionals include (but are not limited to):
“The list is endless, if brokers have clients who provide professional advice or services, our underwriters can help build a tailored policy suitable to them,” said CHES Special Risk president and CEO Gary Hirst.
Read more: CHES Special Risk to help brokers understand its appetite via live Q&A event
In June, CHES Special Risk hosted a live Q&A event for brokers, to help them understand the MGA’s appetite when it comes to commercial P&C and construction.
