A Constellation of Resources for Wholesale Brokers
A Constellation of Resources for Wholesale Brokers
 
Rotating Employee Portrait
Vincent Pugliese
A Constellation of Resources for Wholesale Brokers
 
Rotating Employee Portrait
Vincent Pugliese

Miscellaneous E & O Insurance - Vela

Overview
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Coverage:

Vela's Miscellaneous Errors & Omissions Coverage


Vela Insurance Services, a Berkley Company, provides errors & omissions coverage to protect those business and professionals who are instrumental in creating the infrastructure and innovation that make our economy thrive.

The entrepreneurial nature of the service industry and its influence on our economy is why Vela continues to expand our Professional Liability underwriting capabilities. Today, Vela's experienced risk analysts create custom-tailored coverage in more than 50 classes of business. In addition, Vela has the ability to add General Liability coverage to our Professional Liability products.


Excess Liability:

The expertise and quality of Vela's primary Professional Liability coverage for Miscellaneous E&O risks is also available through our Excess Follow-Form offering. With Excess Limits available up to $5,000,000, Vela is able to quote and issue Excess Follow-Form policies on Miscellaneous E&O risks. Coverage is provided in accordance with the same terms, conditions, and exclusions as the Followed Policy, thereby reducing administrative and coverage risks associated with traditional excess policies.


Data Compromise & CyberOne:

As a companion product to our Professional Liability offerings, Vela offers Data Compromise and CyberOne coverage, two distinct products, which are designed to help small and mid-sized businesses in the event of a loss from compromised data or a cyber-attack.

Vela's Data Compromise coverage helps your clients prepare for and respond quickly to data breaches. The Data Compromise coverage covers electronic and physical data that is lost, stolen or inadvertently exposed and will pay for:

  • Legal review and counsel
  • Forensic IT services to determine the extent of a breach
  • Notification of affected individuals, including customers, vendors, employees, and others
  • Personal services for affected individuals such as a help line, credit monitoring, and case managers for victims of identity theft
  • Defense and Liability costs for actions brought by affected individuals or State Attorneys General

Vela's CyberOne coverage meets the growing need for insureds to protect their data and computer systems by providing first- and third-party coverage. CyberOne assists in paying for:

  • Data Restoration from electronic sources
  • Data Recreation from non-electronic sources
  • Systems Restoration
  • Business Income
  • Public Relations
  • Defense and Liability costs as a result of a negligent failure of the Insured's computer security

To learn more about our CyberOne product, download our coverage information sheet.

Download our Miscellaneous Profesional Liability sell sheets to learn more about our errors & omissions coverage.


Miscellaneous E & O - Preferred Appetite List


  • Accountants
  • Advertising Consultants/Agencies
  • Associations
  • Auctioneers
  • Background Check Services
  • Billing Service
  • Business Valuation Service
  • Collection Agencies
  • Condo/Homeowners Assoc. Managers
  • Couriers
  • Court Reporters/Stenographers
  • Customs Brokers/Freight Forwarders
  • Debt Management Consultants
  • Document Management / Shredding Service
  • Employment Agents
  • Energy Consultants
  • Expert Witness/Litigation Support Services
  • Farm Management/Farming C onsultants
  • Financial Consultants (non-investment advisor)
  • Franchisors
  • Insurance Inspection Service
  • Interior Design Consultant
  • Lobbyist/Lobbying Services
  • Mailing Services
  • Management Consultants
  • Marketing Consultants
  • Mediator/Arbitrator
  • Medical Billing/Coding Services
  • Medical Transcriptionist
  • Mental Health Counselors
  • Mortgage Field Inspector
  • Payroll Processing Service
  • Photographers / Videographers
  • Printers
  • Private Investigator / Surveillance Services
  • Promotional Services
  • Property Managers
  • Property Preservation Service
  • Public Relations Consultants
  • Recruiters/Staffing Services
  • Referral Services
  • Seedsmen
  • Tax Consultants
  • Tax Preparer/Bookkeepers
  • Telecommunications Consultant
  • Telephone Answering Services
  • Translators/Interpreters
  • Travel Agents
  • Trustees
  • Tutors
  • Vineyard Management Services

Excluded/Prohibited: A&E, CPAs, Insurance Agents/Brokers, Lawyers, Land Surveyors,
Medical Malpractice, Oil/Gas, Real Estate Agent, Title Agent/Abstractor, Real Estate Appraiser

Products and services described above are provided through various surplus lines insurance company subsidiaries of W. R. Berkley Corporation and offered through licensed surplus lines brokers. Not all products and services may be available in all jurisdictions, and the coverage provided by an insurer is subject to the actual terms and conditions of the policies issued. Surplus lines insurance carriers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy issued. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.

Vela Insurance Services conducts business as Vela Insurance Services, LLC in California as a licensed surplus lines broker

(License Number 0C94218).