Professional liability insurance covers a broad range of claims, from professional negligence, to breaches of contract, the occasional malpractice claim, and even professional misconduct. Because there are so many potential claims types that professional liability insurance can cover, it becomes important for professionals and business owners to understand just how much coverage they need.
Also important is the choice of insurance provider – a carrier needs to be flexible enough to suit the professional needs of their client. The carrier also needs to have underwriting expertise to match its adaptability.
“We can get creative to tailor coverage to the specific needs of the insureds,” said Trisura Specialty Insurance Company assistant vice president of professional solutions Angela Feudo, who added that her company’s head office is in Canada, which allows the company to immediately make changes to workings or create manuscripts as needed.
This kind of flexibility has helped Trisura become recognized as one of Insurance Business’ 5-Star Professional Insurance Liability and D&O award winners this year. And while the insurer is flexible enough to meet brokers' and clients’ demands, Trisura also has the expertise to back its service up.
With brokers constantly looking for providers who can be accommodating to the needs of their clients, Trisura’s approach is to connect clients with partners who not only add value to the policy but also help clients form a better risk strategy.
“We know that insurance is one aspect of a business’ risk strategy, by providing access to risk mitigation/evaluation partners to our insureds, we hope to help round out their overall risk strategy. We ensure to always work with the best partners to provide a great experience to our insureds.”
Trisura’s claims team is also comprised of in-house lawyers, to ensure that the client and their broker are all on the same page.
“They respond to claims very promptly and work with the insured, so they understand every step of the claims process,” said Feudo. “Our claims team also ensures that the broker is involved in the entire process and kept up to date.”
