Professional Lines

AmWINS is the leading professional lines insurance wholesale broker in the U.S., with the ability to handle a wide range of account size and complexity.

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Professional Lines Expertise

As a leading professional liability insurance broker of financial, professional, and management risks, our nationwide team of experts works directly with retail agents and brokers to effectively address and mitigate risks with strategies that provide coverage for both company and personal assets.

In addition to a complete range of solutions for high-risk professional liability clients, we offer the benefit of binding authority in a number of E&S markets, making it simple to write and place coverage. Annually, we handle more than 50,000 submissions and place nearly $700 million in premium.

Proprietary Products

As a leading professional lines broker, AmWINS is constantly looking to provide new product offerings for our clients. Our objective is to provide our brokers and retail clients with competitive proprietary products complementing the capacity delivered by our specialty carrier partners. With these products, retailers gain a distinct advantage in the marketplace.

Small Account Binding Authority

Through AmWINS Access, our company’s nationwide binding and small business platform, you benefit from industry-leading technology which both simplifies and accelerates the process of handling small accounts. All of this leads to speed, efficiency, and the best possible terms for your insureds.

Leading London Platform

AmWINS brokers use the expertise of our London-based colleagues at THB Group to market on behalf of our U.S. retail clients, giving our retail partners the assurance that we are using the full resources within the AmWINS organization to solve their clients’ problems.

Value-Added Services

We provide our retail partners with the enhanced coverage benefits necessary to build lasting relationships with their clients. As part of our broad professional lines coverage solutions, we offer a suite of extended consultative services relating to:

  • Liability risk management
  • Claims advocacy
  • Placement strategy
  • Market selection
  • Form review
  • Risk differentiation
  • Strategic program structure

Areas of Specialty

  • Crime, Fiduciary, Kidnap + Ransom
  • Cyber Liability
  • Employment Practices Liability
  • Management Liability (D&O)
  • Medical Malpractice/Allied Medical
  • Professional Liability
  • Transactional Risk (Reps + Warranties)

Recent Insights

Cyber Liability Insurance for Nonprofits Organizations

Aug 12, 2016, 14:25 PM
When it comes to cyber-crime and massive data breaches, there's one group that has been relatively overlooked when it comes to cyberliability - nonprofits. How would an organization with limited capital protect its infrastructure in the event of a breach?
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Date : Dec 16, 2014, 05:00 AM
News of cyber-crime and instances of massive data breaches are increasing each year. The headlines have been grabbed by major data breaches at discount retail chains, restaurant chains, financial institutions, video game developers, health care providers, government agencies and more. The Pew Research Center estimated this year that 18 percent of adults who engage in online activities have been the victims of stolen information, including Social Security numbers, addresses, or banking information – an increase from 11 percent in 2013. 

And with each instance comes increased awareness of the need for cyber liability coverage, a painful but important lesson in the ways 21st century crime can infiltrate a business – and its customers’ wallets. These infringements are happening with increasing regularity, breeding mistrust among consumers and wreaking havoc with companies that are left scrambling to pick up the pieces from these financial (and public relations) disasters. As a result, some estimates indicate that cyber liability insurance sales will double in 2014 from $1 billion just last year. 

However, one group that has been relatively overlooked in conversations about data theft, firewall infringements, and complex malware programs associated with cyber liability is nonprofit groups – organizations that are particularly vulnerable because they often lack adequate manpower, are dependent on volunteers and frequently operate with limited capital. They may not have the resources to properly protect their infrastructure and, equally as alarming, detect when such a breach has occurred. Imagine how hard it would be for a nonprofit to raise funds following a breach of private information belonging to current donors. It may also be difficult to recruit new volunteers if the confidential information of current volunteers is compromised. The survival of the nonprofit organization would be at risk if a data breach weren’t handled quickly and appropriately. The typical cyber liability insurance policies in the marketplace include things like public relations expenses, forensics, notification, credit monitoring services, and call centers. Without that professional help from an outside group, the day-to-day operation of a nonprofit could come to a screeching halt.

Cyber crimes are not just the result of nefarious criminals in foreign countries executing complex and well-organized schemes. The data breach culprit could be someone who works for the nonprofit organization – a rogue employee, a disgruntled volunteer or even someone who holds no affiliation to the affected group. The most common instances of cyber crime are the result of a lost or stolen laptop that contains encrypted information that details organization finances or sensitive donor information. Along with hacker events, human error or negligence are leading causes of data breaches.  

Nonprofits have traditionally not been a targeted class for cyber liability insurance, but that’s changing. Because they may be at a higher risk for breaches, nonprofit groups are the subjects of increased inquiries and endorsements as part of cyber liability protection. For example, the State of Michigan requires that it be included as an additional insured, for vicarious liability purposes, in the event that a nonprofit group with which it is affiliated is a victim of hacking or information theft. Many carriers have not been aggressive in their writings for cyber liability protection for nonprofits because the exposure can be just as large as a for-profit organization, but nonprofits may not have the funds to pay the appropriate premium. 

Cyber crimes are only likely to increase, and no organization, regardless of its size, scope, or reach, is immune. As the demand for nonprofit cyber liability protection increases, it is important to know that there are a variety of very affordable solutions that exist to protect your client. From tweaking existing contracts, to adding additional insured clauses or co-defendant wording, your AmWINS Financial Services Practice is available to help you navigate this emerging and challenging coverage.


 
This article was authored by Kendra Schaendorf, an assistant vice president with AmWINS Brokerage of Michigan and member of the firm’s financial services practice.
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