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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.
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.
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:
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:
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.
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).