Market Insights

It is exceedingly important to ensure that the definition of professional services matches as closely as possible with the services that are actually provided by the policyholder. Here's why.

Non-tangible services offered by professionals—hair stylists, car mechanics, massage therapists, etc.—are businesses in need of insurance. In this article, we examine the complexities of misc. professional liability policies and placements and how retailers and brokers can help their insureds obtain better coverages by understanding their specific risk exposures.

Businesses of all types rely on the laboratory testing services industry to perform tests on items ranging from consumer goods and food products to construction materials and industrial components. Since testing labs span numerous industries, each with their own regulation standards and risk factors, insureds need a policy that is designed to specifically address their unique needs. This article highlights four areas that should be thoroughly considered when developing a coverage plan for testing labs.

The manufacturing industry contributed to over 12% of the U.S. economy in 2015, and this number is expected to increase. While new growth in production and sales is a positive development for businesses, it may also open the door to an elevated and often misunderstood insurance risk: financial damages not caused by bodily injury or property damage.