Miscellaneous Professional Liability
Errors and Omissions Coverage
Miscellaneous Professional Liability (MPL) covers errors and omissions for a variety of professional service providers. MPL provides coverage for negligence in the performance of services where a reasonable standard of care is expected.
Coverage Applications
Sample Policies
Marketing Information
Wrap+ Marketing E-Campaign
Policy Features
- Duty to Defend
- Claims Made and Reported form
- Pay on behalf of wording
- Prior Acts Coverage available to qualified insureds
- Covers claims made and wrongful acts occurring anywhere in the world
- Definition of Insured includes the entity, directors, officers, partners or members of the board of managers of the Named Insured, employees (including part-time, seasonal, temporary and leased)
- Defense coverage for Disciplinary Proceeding up to a $10,000 policy period maximum outside of the retention without reduction in the limit of liability
- Extended Reporting Period (multi-year periods available)
- 30 days to purchase the Extended Reporting Period
- Bi-lateral discovery option
- Optional coverage for independent and sub-contractors
- Severability of exclusions
- Spousal extension
- Loss includes punitive damages where insurable under law
- Defense coverage for allegations of intentional, dishonest or fraudulent acts until such misconduct is established in fact
- Automatic coverage for new subsidiaries with revenue up to 25% of Insured’s revenues
New Business MPL Submission Checklist
- Completed and signed Application and supplemental application if applicable
- Resumes of key personnel, principals, partners, officers and professional employees if entity in business less than three years
- Standard written contracts used for all professional services (including indemnity agreements) or engagement/proposal letter
- Latest financial statements if revenues are over $7,000,000 or limits requested are over $3,000,000
- Web site address or brochures
- Copy of current MPL policy and declarations page
Travelers Casualty and Surety Company of America and its property casualty affiliates.
One Tower Square Hartford, CT 06183
This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.
Claim Services
Our claim professionals are equipped with the expertise needed to handle management liability and surety claims.
Resources
Innovative Risk Management
Included with Travelers’ coverage, is access to our web-based loss control program, Risk Management PLUS+ Online®.
