Your Wholesale Insurance Resource for Professional & Management Liability
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Our team of seasoned professionals has the depth and breadth of knowledge to help our agency partners secure the best quality coverage for their clients.
PLRisk Specialty Insurance Agency, LLC is a leading wholesale insurance brokerage covering the professional liability market. Our featured policies include: Errors & Omissions insurance for across a variety of professions, Directors & Officers insurance, for private and public companies; Employment Practices Liability (EPLI), Cyber Liability, Commercial Crime and Fiduciary insurance.
We have fostered strong partnerships with the top-rated carriers across the U.S. These powerful relationships enable us to find coverage for even the hardest-to-place risks. Our years of expertise in the industry have given us the credibility and stellar reputation that many agencies have come to trust.
Mike Smith, founder of PLRisk Specialty Insurance Agency, LLC, has been in the Professional Liability insurance business for over 20 years and believes that it is crucial to be intimately involved with every client. In this ever-changing landscape where regulation and increased litigation concerns are constant, you and your clients need a partner that understands how these regulations have the potential to increase exposure and how to mitigate risk. That partner is PLRisk Specialty Insurance Agency, LLC.
OUR PRODUCTS
Errors & Omissions
Running a professional services business exposes your clients to extraordinary liability risks. Even firms that strictly adhere to best practices can find themselves accused of errors or omissions that result in significant loss.
An Errors and Omissions (E&O) policy from PLRisk Specialty Insurance Agency, LLC provides your clients with coverage that contributes toward legal defense costs, damage awards and settlements.
Directors & Officers
Many agency clients serve on boards of directors or are in executive positions of their companies. These people are crucial to their businesses and the types of exposures they face as directors and officers can be varied.
At PLRisk Specialty Insurance Agency, LLC, we have the experience, knowledge, markets to secure the policies your clients require. We can help secure Directors and Officers insurance (D&O) to protect them and their companies in the event there is an allegation that they have failed to perform their duties. Our tailored D&O policies are designed to address the exposures of a variety of business types.
Employment Practices
With increased pressure and an aggressively proactive stance by the EEOC, businesses are increasingly facing allegations from employees for racial and religious discrimination, sexual harassment, FMLA violations, unfair pay, and other significant claims.
Today, whether you’re head of a large corporation or a small business owner, Employment Practices Liability Insurance (EPLI) should be part of your comprehensive insurance program. This policy provides coverage for legal fees, settlements and damage awards that result from employee claims of misconduct.
Cybersecurity
All industries and companies could face the risk of a cybersecurity breach. Storing personally identifiable information on clients and employees could be open to data breaches, identity theft, and unauthorized use of confidential information. Valuable information such as tax identification numbers, credit card numbers, bank account numbers, medical history, and more are at a risk.
Privacy & Network Security insurance is a must for small and large firms to protect against this widespread exposure. Not all cybersecurity options work for the entire team, most time it takes effort along with many other things.
Commercial Crime
With online banking and financial transactions and widespread use of the Internet, one click of a button and a company’s business assets can easily be the target of criminal activity. PLRisk Specialty Insurance Agency, LLC can provide you with the right Commercial Crime insurance coverage you need for your clients. Our program is available for all industries and types of businesses.
We can also assist you in helping your clients developing a risk management program that combines security controls along with a properly structured insurance policy that meets their needs. Our team can help identify threats to their assets, bank accounts and other assets and design a program specific to each of your clients. We can help you retain your clients with premium savings, loss control, and lower exposures to commercial crime risks.
Fiduciary Liability
Fiduciaries handle management or selection of retirement plans, health plans, life insurance and disability plans, and other employee benefits. There has been a spike in the severity and frequency of fiduciary claims over the past several years. In fact, plan fiduciaries today now surpass the medical profession as a most wanted target for litigation.
We can provide you with access to Fiduciary Liability insurance, which protects the insured against allegations that the fiduciary – the money or benefits handler – has breached their duty. The accusation can focus on an error or negligence in administering a plan, including but not necessarily limited to misinterpretation of plan documents, providing imprudent investment options to plan participants, misrepresenting investments, mishandling enrollment paperwork and giving bad advice or faulty instructions to participants.
We’ll help you identify policy gaps and deliver customized programs that work.
Our unique ability to understand the complexity of a client’s business risks helps us identify gaps in coverage and build custom programs which specifically address these exposures. Our team has the experience and knowledge required to help your clients stem losses through effective risk management and proper claims analysis.
When you choose PLRisk Specialty Insurance Agency, LLC as your agency partner, you can be assured you will have access to:
- Comprehensive, broad insurance programs that address each profession’s risks
- Tailored coverage programs for your insureds
- Market access with both admitted and surplus lines carriers
- Competitive pricing without sacrificing quality of protection
- Responsive quoting, policy delivery and servicing
- Access to risk management expertise to help your clients
Get Prepared
PLRISK Professional liability insurance solutions reach across a broad range of industries. Let us help you find the solution that is right for your needs.
To learn more, call at (201) 847-9165, email or:
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