CHES Special Risk launches online tool to streamline E&O insurance process

CHES Special Risk launches online tool to streamline E&O insurance process | Insurance Business Canada

Technology

CHES Special Risk launches online tool to streamline E&O insurance process

Brokers can quote and bind in real time

Technology

By
Jonalyn Cueto

CHES Special Risk has introduced an innovative online platform that allows brokers to quote and bind errors and omissions (E&O) insurance in real time.

The new platform marks a significant advancement in the insurance industry, offering brokers an efficient way to secure coverage for their clients.

The new platform is designed to function as a “one-stop shop” for a range of insurance needs, the news release noted. Beyond E&O coverage, brokers can now access general liability (GL), directors and officers (D&O), cyber, and property insurance all within a single policy.

This integrated approach is expected to simplify the process, eliminating the need for multiple transactions and enhancing operational efficiency.

Michael Chaplik, senior underwriter at CHES Special Risk, emphasized the platform’s benefits. “Our new tool is more than just a convenience—it’s a comprehensive solution tailored to meet diverse industry needs,” he said.

“Brokers can now manage E&O insurance with greater ease, accessing a broad range of additional coverages. This initiative demonstrates our commitment to equipping brokers with versatile and robust insurance solutions, especially within the engineering sector, while also serving a variety of other industries.”

The platform is specifically designed for businesses with revenues up to $3 million, offering broad and flexible coverage options. Traditionally, brokers have encountered delays and cumbersome manual processes that can impede their ability to promptly serve clients.

What are the typical challenges for brokers and agents? Leave a comment below.