Fast Online Quotes for your Professional Liability Needs

Jason Quaglia , 3/13/2017

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Professional Liability

ajwayne.com • 773. 328. 1254 • [email protected]

Alexander J. Wayne & Associates' specialty is providing Errors and Omissions Coverage for various classes of professionals. The list of classes we have entertained is endless. We have more than 40 different potential markets that will consider Miscellaneous Professional Liability Insurance. Our facilities can do the following:

Extremely wide range of classes considered (too extensive to list in full)
Limits from $100,000 to $10,000,000 or more
Minimum Premium: $750
Defense in addition to the limits of liability available
Contingent bodily injury & property damage available
Special expertise to properly treat E&O exposure
Tailored coverages to meet requirements of specific
Markets “A” Rated by A.M. Best Company
Group or association programs
Third party discrimination coverage available
Defense for fee disputes available
Full prior acts available
Excess limits available
Extremely quick turnaround
First Dollar defense available

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PROFESSIONAL SERVICES CLAIM EXAMPLES

REAL ESTATE AGENT

SITUATION:

The purchaser of certain property alleged professional negligence and breach of fiduciary duty against their real estate agent. The client/purchaser was given fraudulent wire instructions after the agent's personal email account, which was used for all communications regarding the transaction with the client, was hacked. It was further alleged that the Insured should have been aware of this known scam.

OUTCOME:

Settlement and defense exceeded $150k and done more to protect the client from it.

BREACH OF CONTRACT

SITUATION:

Breach of Contract - A leased employee of a maintenance service company while working for a customer falls into a holding tank and dies of asphyxiation. The employee's estate sues the customer for damages. The customer files suit against the leasing company because the leasing company failed to purchase workers' compensation. The customer alleges that the leasing company agreed to indemnify them for any damages resulting from workers' compensation claims. The customer argues that the service company breached its agreement to procure the proper coverages and, as a result, should indemnify them for any damages attributable to the maintenance employee's death.

OUTCOME:

Total defense costs and settlement exceeded $150,000.

Jason A Quaglia
Wholesale Broker
Specializing In
Professional Liability

Phone: 773.328.1254

Email: [email protected]

To contact us, and for more information, please visit our CompleteMarkets storefront

Alexander J. Wayne & Associates, Inc.
2551 North Clark Street, Suite 601
Chicago, IL 60614
CA License: 0D94564
tel: 773.328.0500 | fax: 773.328.0508
www.ajwayne.com

Categories: Professional Liability Insurance


	Back to main blog page Alexander J. Wayne & Associates, Inc. At Alexander J. Wayne & Associates, you can expect fast and dependable service for virtually any risk submitted. It is our goal to provide the responsiveness necessary to quote and bind risks that are unacceptable to your standard insurance markets. We have vast expertise and market access.