Trend | Range | |
---|---|---|
Large law firms, primary layer | +3% to +10% | |
Large law firms, excess layers | +5% to +10% | |
Mid-size law firms | Flat to +10% | |
Management consulting firms | +10% to +20% |
Errors and omissions (E&O), or professional liability, is arguably the most complex area of specialized insurance, with several distinct marketplaces:
Willis Towers Watson hopes you found the general information provided in this publication informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, Willis Towers Watson offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).
Relevant Experience/Specialization
Jason Krauss joined Willis Towers Watson in 2016 as a Cyber/E&O Thought and Product Coverage Leader. Jason is a resource on the FINEX North America Cyber/Tech E&O brokerage team, providing dedicated analytical support to the brokers on specific national accounts coupled with thought leadership and developing improved capabilities for the entire team.
Prior to joining WTW, Jason was with Arch Insurance Group for 12 years, where he served as an Assistant Vice President in Enterprise Product Development within the Corporate Underwriting Department and worked closely with underwriters in drafting policies and endorsements. While at Arch, Jason focused on a number of products including Cyber, D&O, EPL and Professional Liability including lawyers, real estate professionals, accountants, captive agents, broker dealers, and architects and engineers. Before joining Product Development at Arch, Jason managed a claims team in adjusting professional liability claims.