Ideal Accounts and Appetite
This program is built for entrepreneurs and consultants generating up to $1 million in annual revenues. It is ideal for management consultants, business advisors, strategic planners, marketing consultants, and similar service-based professionals. Independent contractors working under the direction of the insured are also eligible for coverage.
You might have a client who provides project-based consulting to corporate clients or a small firm offering marketing advice to startups—these are great fits for the program. While the self-rating application simplifies many submissions, risks outside the standard parameters can still be considered with additional underwriting.
Coverage Highlights and Advantages
- Broad definition of “Wrongful Act” includes personal and advertising injury—covering false arrest, slander, libel, defamation, and more.
- Independent contractors are covered when acting under the direction of the insured.
- Punitive damages are covered where insurable by law.
- Defense costs for licensing board proceedings are included as a policy enhancement.
- Optional General Liability coverage is available for an additional premium.
- Short-form, self-rating applications streamline the submission process for eligible classes.
Underwriting Notes and Minimum Premiums
Fox Point Programs offers both a self-rating application and a standard application, depending on revenue thresholds and other eligibility factors. The program accommodates risks generating up to $1 million in annual revenues through the self-rating route. Minimum premiums vary based on factors such as class of business, selected limits, and optional endorsements.
Applications Available:
Territories and Availability
This program is available in most states, including but not limited to CA, FL, NY, TX, IL, and PA. For a full list, the program is offered in 50 states and Washington, DC, with admitted coverage status in most jurisdictions. Agents can comfortably place business across a wide geographic footprint.
Why Work With Fox Point Programs?
As a Managing General Agency with a strong focus on professional liability, Fox Point Programs gives agents access to top-rated markets and customized solutions. Their streamlined applications, responsive underwriting, and focus on E&O exposures make them a valuable partner for consultants and entrepreneurial clients. Whether you’re submitting a straightforward risk or a more complex operation, Fox Point provides the tools and expertise to help you succeed.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for business consultants, management advisors, marketing professionals, and other service-based consultants generating up to $1 million in annual revenue.
Is General Liability coverage available?
Yes, General Liability insurance can be added as an optional coverage for an additional premium.
Can independent contractors be covered?
Yes, independent contractors are covered as long as they are working under the direction of the insured.
Which states is this program available in?
The program is available in most states and Washington, DC—covering a broad national footprint.
What kind of application is needed to submit a risk?
Eligible accounts can use a simplified self-rating application. For more complex risks, a standard application may be required.
Need help placing an account? Connect with a market specialist.