Ideal Accounts and Appetite
This program targets entrepreneurs and consultants with up to $1 million in annual revenue. Typical classes include management consultants, business advisors, strategic planners, marketing consultants, and similar professional service providers. Independent contractors are eligible when they work under the insured’s direction.
Examples: you might have a sole-practitioner marketing consultant offering project-based services to startups, or a small advisory firm providing strategic planning to mid-market clients—both are strong fits for the self-rating application. More complex risks outside the standard parameters can be submitted to the standard underwriting process for additional consideration.
Coverage Highlights and Advantages
- Broad definition of “Wrongful Act,” including personal and advertising injury — covers claims such as slander, libel, defamation and similar exposures.
- Independent contractors covered when acting under the direction of the insured.
- Punitive damages covered where insurable by law.
- Defense costs for licensing board proceedings included as a policy enhancement.
- Optional General Liability coverage available for an additional premium to package risks conveniently.
- Short-form, self-rating applications streamline placement for eligible classes and smaller revenue accounts.
Underwriting Notes and Minimum Premiums
Fox Point provides both a self-rating application and a standard application depending on revenue thresholds and risk characteristics. The self-rating route accommodates eligible consultants and entrepreneurs with up to $1 million in annual revenues. Minimum premiums and final pricing vary by class, selected limits, optional endorsements, and carrier.
Applications Available:
Territories and Availability
The program is offered broadly across the U.S., including availability in most states and Washington, DC. Fox Point can place admitted coverage in many jurisdictions; availability and terms may vary by state and carrier.
Why Work With Fox Point Programs?
As a Managing General Agency focused on professional liability, Fox Point Programs gives agents access to top-rated markets and underwriting teams experienced with consultant exposures. Their streamlined applications, responsive underwriting, and flexibility on optional endorsements make it easier for agents to place E&O for small to mid-sized consulting practices.
Whether you’re submitting a straightforward self-rated risk or a more complex account that needs manual underwriting, Fox Point provides the tools and market access to help you secure appropriate coverage for your clients.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Business consultants, management advisors, marketing professionals and other service-based consultants with up to $1 million in annual revenue are ideal candidates.
Is General Liability coverage available?
Yes. General Liability can be added as an optional coverage for an additional premium to create a broader package for your client.
Can independent contractors be covered?
Yes. Independent contractors are eligible when they perform services under the direction of the insured.
Which states is this program available in?
The program is available in most states and Washington, DC. Admitted availability varies by state and carrier.
What kind of application is needed to submit a risk?
Eligible accounts may use a simplified self-rating application; more complex or higher-revenue accounts will require the standard consultants application and manual underwriting.
Need help placing an account? Connect with a market specialist.