An Abundance of Opportunities
If your client provides select professional services in a vast industry of classes, Vela offers coverage options to meet their needs.
Miscellaneous & Technology Professional Liability
Professional Liability insurance, often referred to as Errors & Omissions coverage, protects your insured against claims of negligence from their customers. Vela’s Professional Liability focuses on Miscellaneous or Technology risk exposures for a plethora of classes, offering primary and excess limits to suit the customer’s needs. General Liability is an additional coverage that can be added on a primary basis to enhance the insured’s policy. Our knowledgeable staff is responsive to the demanding needs for creative solutions in the Professional Liability industry. Our partners look to Vela for creative underwriting that requires out-of-the-box thinking.
CPrL - Contractor’s Professional Liability
Our Professional Liability team is dedicated to driving innovation, enabling us to deliver customized insurance solutions for a diverse range of service providers and professionals. As the construction industry evolves, contractors face emerging risks that standard general liability policies may not fully address. To meet this need, Vela Professional Liability introduces our Contractors Professional Liability (CPrL) coverage.
Vela’s CPrL product is specifically designed for artisan contractors, general contractors, and other professionals engaged in construction, fabrication, installation, erection, and maintenance services. This comprehensive policy form tackles the complex exposures contractors encounter, including those related to construction, pollution, and technology.
Accountants Professional Liability
Our new Accountants Professional Liability (APL) product is specifically designed for accountants, investment advisors, executors, trusts, and other financial professionals offering tax, audit, and bookkeeping services—along with a variety of additional financial services.
The policy form addresses the evolving needs of accounting professionals, covering exposures related to financial reporting, tax preparation, and advisory services. This comprehensive protection ensures your clients are equipped for today’s dynamic marketplace. To learn more, please contact Renate Zachman, AVP Accountants Professional Liability.
Cyber Suite
Vela’s Cyber Suite coverage is designed to attach, as a separate coverage, to our primary miscellaneous and technology professional liability policies. The coverage offers standalone and unencumbered limits of up to $1,000,000 that can be added with little to no extra effort.
Cyber Suite coverage is a comprehensive cyber insurance solution designed to help businesses respond to a range of cyber incidents. These include: breaches of personally identifying or personally sensitive information, threats of unauthorized intrusion into or interference with computers systems, damage to data and systems from computer attacks and cyber-related litigation. Our partners look to Vela for creative underwriting that requires out-of-the-box thinking for or all of your coverage needs, ranging from small transactional business to larger “tough” to place business risks.
For additional information, please contact your underwriter.
Vela smallBiz
Do you have small account MPL business? Let Vela’s smallBiz portal help you quickly quote and bind your accounts in minutes! Vela offers coverage on 300+ professional services. Check out our demo video here and contact your Underwriter or Risk Specialist for more information or email Marketing to find out how we can help you.
Eligibility:
- $3,000,000 maximum revenue
- No claims in past 5 years
- $2,000,000 maximum coverage limits
- Applicants who have not been cancelled or non-renewed
Vela’s Professional Liability Insurance Solutions
Coverage Capabilities
- Territory - All U.S. states
- Coverage Limits - Vela can provide maximum limits of:
- $5,000,000 Each Claim
- $5,000,000 General Aggregate
- Excess Limits available - Up to $5,000,000
Industry Opportunities
Management/Consultants
Financial, Operational, Strategic, Marketing, Compliance/Regulatory,
Human Resources, Business Managers, Lead Generation
Financial Services
M&A Services, Business Broker/Valuations, Tax Prep/Bookkeeping, Billing Services,
Loan/Mortgage Brokers, Trustees, Claims Adjusters, TPAs, Actuaries
Property Services
Property Managers, Construction Managers, Inspection Services,
Property Preservationists, Interior Designers
Employment Services
PEOs, Staffing Services, Recruiting, Career Coach/Counselors,
Background Check Services, Training Services
Miscellaneous
Freight Forwarders/Custom House Brokers, Franchisors, Collection Agents, Printers,
Seedsmen, Trade Associations, Safety Consultants, Auctioneers, Event Planners
Contractors
Electricians, Plumbers, Carpenters, Painters, Drywall, Landscapers, HVAC Contractors, Street & Road Construction, Handyman, Telecom Installation, Specialty Trades, General Contractors
Our appetite is truly miscellaneous, and we can tailor policies to specific classes/services that may be “outside the box”.
Please contact your professional liability underwriter for questions on specific services appetite.
Prohibited classes:
A&E, Lawyers/Attorneys, Insurance Agents/Brokers,
Investment Advisors, Medical Professionals, Real Estate Agents/Brokers
Applications
- Professional Liability Application
- Professional Liability Renewal Application
- Claim Supplemental
- Advertiser and Public Relations Consultant Supplemental
- Auctioneer Supplemental
- Claims Adjuster Supplemental
- Collection Agencies Supplemental
- Computer and Electronic Data Processing Supplemental
- Consultants Supplemental
- Franchisers Supplemental
- Commercial General Liability Supplemental Application for Professionals
- Freight Forwarders and Customs Brokers
- Mortgage Bankers Supplemental
- Seedsmen Supplemental
- Mortgage Brokers Supplemental
- Staffing Services Application
- Printer Supplemental
- Tax Preparer and Bookkeeper Supplemental
- Professional Employment Organizations Supplemental Application
- Technology Professional Liability Application
- Technology Professional Liability Renewal Application
- Property Managers Supplemental
- Third Party Administrator Supplemental
- Travel Agent Supplemental
- Trustee Supplemental
- Computer Network Security Privacy Coverage Section Information
- Cyber Coverage Increased Limits Supplemental Application
Product Information
- Professional Liability smallBiz
- Professional Liability Preferred Appetite List
- Miscellaneous Professional Liability Overview
- Professional Liability - General Liability Option Overview
- Technology Professional Liability Overview
- Accountants Professional Liability
- CPrL - Contractors Professional Liability
- Property Managers EO Overview
- Excess Follow-Form Overview
- VELA smallBiz PL-GL Trifold
Professional Liability Recent Wins
|
Recent Win |
State |
Premium |
|
|
Management Services for the Procurement of Organic Waste |
CA |
$58,942 |
|
|
Mortgage Bankers |
CA |
$44,964 |
|
|
Custom House Broker/Freight Forwarder |
KY |
$27,480 |
|
|
Collection Agent |
MD |
$20,700 |
|
|
Event Planning Services/Business Development & Finance Consulting |
FL |
$20,294 |
|
|
Charter School Management |
NY |
$16,037 |
|
|
Debt Resolution Referral Consulting |
ID |
$12,290 |
|
|
M&A Consulting, Financial Consulting |
FL |
$9,925 |
|
|
Data Analysis Services |
AL |
$6,749 |
|
|
PEO/Staffing Services |
KS |
$5,000 |
|
|
Management Consultant providing compliance consulting and management training services |
AZ |
$5,000 |
|
|
Crane Inspection |
NV |
$4,975 |
|
|
Inspection Services |
OR |
$4,200 |
|
|
Product Training and Consulting Services for Blood Flow Optimization |
CA |
$3,942 |
|
|
Mergers/Acquisition Consulting Services And Capital Raising Consulting Service |
MN |
$3,460 |
|
|
Professional Organizer |
CA |
$3,450 |
|
|
Personal Property Appraiser |
NY |
$2,000 |
|
|
Fund-raising Consultant |
MO |
$1,775 |
|
|
Grant Writer/Coordinator |
IN |
$1,630 |
|
|
Energy Consultant |
TX |
$1,500 |
|
|
Mortgage Field Inspector/Property Preservation Service |
NC |
$843.0 |
|
