Professional Services Insurance
What is insurance for professional services?
Professional services businesses — legal services, advertising and public relations agencies, management consultants, accounting firms and others — provide invaluable expertise that other businesses need to succeed and thrive. Professional services insurance products provide a wide range of solutions against business risks that can help companies continue to provide client services even after being impacted by unexpected events. Professional services insurance coverages protect owners and their employees against the risks they may face during the normal course of operations.
For more information, contact:
Stan Bernard
Head of Financial Institutions
and Professional Services
U.S. Middle Market
Mobile: 201-207-3974
stanley.bernard@zurichna.com
Why is professional services insurance important?
Like all enterprises, professional services firms are subject to financial loss due to a host of unexpected risks. Any of these contingencies can severely impact your bottom line and your ability to serve your clients effectively. Here are some examples of the kinds of scenarios that Zurich Professional Services Insurance programs are designed to protect against:
- A law firm’s network is hacked, exposing highly confidential client information to cyber criminals.
- A management consultant working on an overseas project is injured while traveling internationally.
- An overnight sprinkler leak in an architectural office destroys computer hardware and physical designs being prepared for clients.
- An accountant makes an error in a customer’s electronic tax filing, resulting in serious penalties to the client.
- An ad agency account executive is injured in a car accident on her way to a client presentation. The third party in the other car is also injured and files a lawsuit.
Why choose Zurich for professional services insurance?
Zurich understands the property and liability risks faced by professional services firms. We provide professional services businesses of all sizes with a single source for a wide array of traditional insurance coverages, such as Property, General Liability, Auto and Workers’ Compensation, as well as specialty coverages like Management and Professional Liability, Cyber and International coverages. Solutions backed by Risk Engineering insights can help mitigate risk, delivered with exceptional Claims services your business deserves.
Zurich’s targeted industries for professional services
Zurich’s appetite for professional services customers is broad, varied and powered by our recognition of the significance of these firms to the U.S. economy. We provide a wide range of property and casualty products and services, delivered with risk management insights and experience that can help reduce total cost of risk. And as one of the insurance industry’s few truly global companies, we can serve your business whether in your hometown or around the world.
Insurance solutions for professional services firms
- Business Income/Billable Hours
- IT Service Provider
- Flexible Extended Period of Indemnity options
- Unintentional Errors or Omissions
- Better GreenTM - coverage to rebuild to same or higher green standard automatically included via sublimit after a covered loss
- Flexible Accounts Receivables, Valuable Papers, Computer Systems and Fine Arts limits
- Ordinance or Law applies to all covered property and time element loss, not just buildings
- Loss of Utilities includes overhead lines
- Broad personal property definition includes personal property of others in your care, custody and control
Casualty coverages
- Broad Named Insured (includes Partnerships, Joint Ventures, and LLC’s)
- Automatic Blanket Additional Insureds
- Automatic Waiver of Right of Subrogation and primary non-contributory conditions
- Definition of Bodily Injury includes mental anguish, mental injury, shock, fright or death
- Level and variable dividend options available
- Loss sensitive programs available
- Headcount auditable option
- Pay-as-you-go payroll options
Exporter Solutions
- Coverage for domestic companies moving into the global arena
Zurich Envoy®
- Coverage for companies with an established foreign presence
Zurich Envoy® Global Property
- Coverage for larger and more complex risks, our "all-risk” Property form was built with both domestic and global clients in mind, providing flexibility and alignment with applicable insurance regulations in all jurisdictions where we provide insurance.
Zurich Travel Assist
- Provides concierge services (e.g., forgotten prescription, lost passport) and facilitation for medical and security needs
- Zurich Business Travel Solution with broad coverage for medical care, repatriation, AD&D, loss of personal property and more
- Kidnap & Ransom coverage with up to $5 million in limits and access to a premier crisis consultancy
Management, Professional and Cyber Liability
Risk Engineering
Professional services businesses need to identify, assess and mitigate risks as components of a robust risk management program. Zurich Risk Engineering professionals can be central to that process, having extensive experience working with companies in many industries, including financial services.
In addition to the services of a dedicated Risk Engineering Services Coordinate, Zurich Resilience Solutions can provide a suite built to address the most frequent and severe risks facing professional services businesses, including:
- Property and Casualty risk assessments
- Water intrusion evaluation
- Water Damage Prevention and Mitigation Program
- Ergonomic assessment services from office to front line assessments
- Industrial hygiene services
- Slip, trip and fall assessment
- Fleet program review and telematics implementation assistance
- Access to Safety Source’s complete on-line video library
- Cyber risk assessment
Claims services
Zurich Claims specialists are strategically deployed across the U.S. and around the globe to help customers respond to and mitigate loss events, and to gain insights into ways to become more resilient against future losses, with:
- 24/7 Award-winning, Zurich-owned Customer Care Center¹
- Concierge Customer Service Executive, dedicated resource for all claims and related inquires
- Access to digital programs that provide a transparent claim process
- Knowledgeable and reliable claims staff with industry-specific expertise
- When utilized, integrated Medical Management program yields a 63% reduction in medical bill costs, on average²
1. Top Mid-size Contact Center as recognized by Contact Center World in 2021
2. Zurich North America Claims Finance 2021
