Miscellaneous Professional Liability
Gain a solid understanding of Chubb’s customized Miscellaneous Professional Liability (MPL) coverage.
Miscellaneous Professional Liability (MPL) is designed to equip service providers with comprehensive coverage and arm them with the knowledge needed to navigate common allegations, such as errors, omissions, and failure to meet customer expectations.
Chubb's Miscellaneous Professional Liability policy is designed to provide comprehensive coverage for a wide variety of professional service industries.
Coverage Highlights
Benefits
- Coverage available on an admitted basis in most states
- Policy may be tailored to meet the specific coverage needs of your professional services firm
- Sound claims handling by an experienced team of miscellaneous professional liability claims professionals
Coverage
- Broad definition of Wrongful Act, with the ability to manuscript the definition of Professional Services
- Broad definition of Damages, including:
- Prejudgment and post-judgment interest on that part of any judgment paid
- Punitive and exemplary damages and the multiplied portion of any multiple damage award, where allowed
- Broad definition of Insured, including:
- The entity and its subsidiaries
- Any past or present principal, partner, officer, director, trustee, employee, or general or managing partner or principal (if the entity is a partnership)
- Independent contractors who are natural persons when performing professional services on behalf of the entity and its subsidiaries
- $5,000 sublimit for reimbursing Insured for attendance at hearings, depositions, etc. ($250 per day maximum)
- Duty to defend covered claims, not just "suits"
What is Miscellaneous Professional Liability Insurance?
Learn more about MPL insurance and why it’s something your company may need.
Limits
- Maximum capacity is $20 million
Target Clients
Most professional service providers offering services to a third party; targeted classes include:
- Consultants
- Staffing/Employment
- Trustees
- Business Process Outsourcing
- Claims Adjusters
- Travel Services
- Advertising/Marketing/Public Relations
- Property Managers
- Printers
Insurance for Consulting and Related Services Firms
Every time you provide a service, your business is exposed to risk.
Commercial E&O Policy Guide for Agents and Brokers
Commercial E&O policy guide offers information on respective coverage, services, and claims and policy data.
Professional Liability Claims Scenarios
When managing claims, Chubb Claims Specialists are attentive to every detail. Download examples across Professional Liability, including technology, public officials, MPL, and employed lawyers.