PROFESSIONAL LIABILITY UPDATES
MARKET OVERVIEW
Professional Liability remains highly competitive, with new carriers and MGAs entering the space.
Rates are trending down in many sectors, driven by increased capacity and demand for differentiation.
“As competition intensifies, the focus on price may lead to overlooked exclusions or limitations. Careful evaluation of policy language, terms, and exclusions remains crucial for securing optimal coverage.”
Andy Wood Vice President, National Professional Liability Practice Leader, Burns & Wilcox, Chicago, Illinois
CARRIER DIFFERENTIATION
Carriers are no longer competing on price alone. They are enhancing:
Application efficiency
Policy forms
Risk mitigation services
Larger limits and flexible terms
COVERAGE OPPORTUNITIES
Soft pricing conditions persist in Cyber, D&O, and Miscellaneous E&O.
While this benefits buyers, it also introduces risk: Exclusions and limitations are easier to miss.
Careful review of policy language is more important than ever.
E&S SOLUTIONS
Harder-to-place risks—like Sexual Abuse and Molestation (SAM) in Allied Healthcare—are seeing significant disruption.
E&S markets like Burns & Wilcox are stepping in with creative, layered solutions to fill gaps where standard carriers are retreating.
OUTLOOK
Despite softening, long-term pricing pressures remain due to:
Rising jury awards
Social inflation
Litigation financing
Brokers must guide clients through these changes—and Burns & Wilcox is your go-to partner to help.
