Professional Services risk indicators

Professional Services businesses present unique risks and opportunities. These indicators outline key factors that strengthen or limit Chubb’s appetite within this diverse sector:

  • Factors strengthening Chubb’s appetite
    Professional liability coverage

    Clients secure appropriate insurance for consulting and specialized roles.

    Clear business operations

    Well-defined activities reduce ambiguity and risk.

    Strong contractual practices

    Robust contracts help manage liability and clarify responsibilities.

    Multi-product relationships

    Engaging with clients across multiple products strengthens partnerships and risk management.

    Proactive risk management

    A strong outlook on risk control demonstrates commitment to safety and stability.

  • Cautious account factors
    Construction consulting risks

    Consultants involved in construction face heightened liability exposures.

    High-risk engineering projects

    Civil, structural, and municipal work increases complexity and risk for architects and engineers.

    Inadequate professional liability protection

    Insufficient limits, below average extensions of coverage or carrier financial stability.

    Weak contractual controls

    Lack of strong contracts heightens liability and operational risk.

Industry resources

Agency Education training courses

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