Canadian MGA reveals the value of E&O insurance in these changing times

The MGA – already one of the leading producers of insurance in the construction (Insurance Business named CHES Special Risk one of 2022’s 5-Star Construction winners) and jewelers block spaces – said that it has assembled a strong team of E&O underwriters in the past few years, to position itself as a contender in the professional services market.

Read more: Facing down the construction industry’s growing uncertainties

Denton noted that CHES’ package policies not only feature errors & omissions (E&O) coverage, but also commercial general liability and cyber coverage.

CHES Special Risk made special mention of the health and wellness sector, where constant improvements are being made to existing procedures. New treatments are continually being developed by clinics, spas, and other health service providers – but the risk of malpractice remains ever-present. The company has stated that a strong professional liability coverage can cover the cost of legal defense or damages should a case reach such a point.

“Much like the innovations going on within the industry, at CHES we are also constantly innovating and updating the medical malpractice policies to cover these new treatments and keep up with the fast-paced industry,” said Spencer.

CHES Special Risk’s professional liability insurance offering is for professionals from a wide range of industries, and not just those in health and wellness. These professionals include (but are not limited to):

Forklift Consultants
Forestry Consultants
Recruitment Consultants
Business / Management / Training Consultants
Social Media Influencers
Event and Wedding Planners
Photographers
Interior Designer (no structural work)
Funeral Directors
Property Managers
Trade Association
Health & Safety Inspection Service
Non-Destructive Testing
Shipping & Freight Forwarding Consultants
Tour Organizers

“The list is endless, if brokers have clients who provide professional advice or services, our underwriters can help build a tailored policy suitable to them,” said CHES Special Risk president and CEO Gary Hirst.

Read more: CHES Special Risk to help brokers understand its appetite via live Q&A event

In June, CHES Special Risk hosted a live Q&A event for brokers, to help them understand the MGA’s appetite when it comes to commercial P&C and construction.