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E&O is a subset of Professional LiabilityInsurance. E&O typically covers claims related to professional services resulting in financial harm to a client, while Professional Liability covers a wider range of claims, such as bodily injury or propertydamage. What does EPLI not cover?
When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance. Different Builder’s Risk insurance policies vary from one insurancecarrier to another. Propertydamage : Damages to the building that is being constructed or renovated.
Unpredictable weather events and the rise in natural catastrophes pose significant challenges for the propertyinsurance industry. Insureds are facing substantial property losses, leading to increased financial burdens. Social inflation and rising claim costs are top concerns for liabilityinsurers.
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