A Constellation of Resources for Wholesale Brokers
A Constellation of Resources for Wholesale Brokers
 
Rotating Employee Portrait
Jack Cummings
A Constellation of Resources for Wholesale Brokers
 
Rotating Employee Portrait
Jack Cummings

Professional Liability Insurance - Vela

Overview
Recent Wins

Professional Liability

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Coverage:

We live in an exciting time of entrepreneurship and innovation. Vela Insurance Services continuously updates our professional liability underwriting capability to protect unique risks. Today, Vela underwriters create coverage for more than 50 classes of business.


Excess Liability: 

The expertise and quality of Vela's primary Professional Liability coverage is also available through our Excess Follow-Form offering. With Excess Limits of Liability available up to $5,000,000, Vela is able to quote and issue Excess Follow-Form policies on Miscellaneous E&O and Technology 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.

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Data compromise & CyberOne: 

In addition to our coverage for miscellaneous professional liability, technology professional liability, and allied healthcare risks, Vela is pleased to offer our Data Compromise and CyberOne coverage to eligible insureds.

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.

Vela's CyberOne coverage meets the growing need for insureds to protect their data and computer systems by providing first- and third-part coverage. To learn more about our CyberOne product, download our coverage information sheet.


Please visit our Miscellaneous Errors & Omissions Liability, Technology Errors & Omissions Liability and Allied Healthcare pages for more information on Vela's Professional Liability coverage:

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).