Professional Liability

Great Lakes Insurance Associates has the ability to place a wide range of miscellaneous professional liability policies.

Below are some of the policy features we offer:

  • Duty to Defend
  • Claims Made and Reported form
  • Pay on behalf of wording
  • Prior Acts Coverage available to qualified insureds
  • Covers wrongful acts anywhere in the world, suits to be brought in U.S., its territories or possessions, or Canada
  • Definition of Insured includes the entity, directors, officers, partners or members of the board of managers of the Named Insured, employees (including part-time, seasonal, temporary and leased)
  • Defense coverage for Disciplinary Proceeding up to a $10,000 policy period maximum outside of the retention without reduction in the limit of liability
  • Extended Reporting Period (multi-year periods available)
  • 30 days to purchase the Extended Reporting Period
  • Bi-lateral discovery option
  • Optional coverage for independent and sub-contractors
  • Severability of exclusions
  • Spousal extension
  • Loss includes punitive damages where insurable under law
  • Defense coverage for allegations of intentional, dishonest or fraudulent acts until such misconduct is established in fact 
  • Automatic coverage for new subsidiaries with revenue up to 25% of Insured’s revenues