Professional Liability

Always ready to help.

At NFP, we understand that risk is everywhere, and it's always a good idea to be prepared. Let's work together to help ensure your business is safe, sound and solid.Accidents can happen anytime, anywhere. If worst comes to worst around your business or possessions, the financial and legal ramifications can run amok. We'll find the best programs and services that work best for you to keep your business, your buildings and your property protected and prospering.

Mitigating dynamic and evolving exposures.

At NFP, we understand the inherent complexities faced by organizations in the cybersecurity space. We partner with you to create a fully integrated approach to risk management including risk mitigation and transfer mechanisms. The result is a tailored solution best suited to your organization’s needs.NFP’s objective has always been to stand beside and develop risk and financial strategies with our clients. Teaching, learning and building together in the increasingly complex world of cyber insurance is the best path forward. Each day—as the technology moves faster and faster—the opportunity grows for us to bring expertise and insight to clients to achieve their vision for the future.Analysis, Benchmarking and Dedicated SupportThe process begins with a true risk quantification. We breakdown your risk to match it to industry and comparable metrics to provide real time benchmarking. We have access to tools internally and externally to help you better understand your overall risk profile. These include proactive services to help you better prepare for a cybersecurity incident, a policy form with customized language taking into account your industry class, size and trends, a panel of extensive breach response vendors to help you respond to an incident should one occur, and a dedicated claims advocacy practice ensuring you obtain the maximum recovery under your insurance policy should a claim occur.The role of the broker is that of a true partner and extends beyond the insurance platform to provide consistent resources including a dedicated risk management portal to help understand the changing legal and regulatory landscape in which your company operates. In addition, we provide ongoing thought leadership in the forms of articles, whitepapers and webinars to help you understand the latest developments and emerging trends unique to your industry. Should a specific cybersecurity need arise relating to your organization’s regulatory exposure, third party vendor resources or anything else, NFP will guarantee your organization has the tools in place to respond.An Ongoing CommitmentOur promise to you does not end with an insurance risk transfer solution. Whether you experience a lost laptop, a full blown ransomware attack, data breach or other cyber or privacy event. Our claims advocacy practice is dedicated to working directly with you and your carrier to achieve a fast, equitable resolution to even the most complex claim or incident. We'll work to ensure that you are actively involved in the resolution of the cyber incident and your preference for vendors is heard.To learn more about how you and your entity can benefit from NFP’s cyber and technology leadership, contact us today.

Creating sustainable, strategic solutions.

When addressing complex casualty situation, or developing any risk management solution, it’s not possible to wait and see how things turn out before taking action. Risks change, evolve, emerge, intensify and can appear with little warning. Because of this, crafting a complex casualty insurance policy is an ongoing process — a quarterly, monthly, weekly, even daily exercise that needs to form a part of your company genetics.Creating a Robust Complex Casualty PolicyRetained RiskRetained risk is controllable in many ways, and you can employ controls that manage retained risk costs. The process starts with a focused alignment of your internal metrics to achieve the desired outcome. Once we identify your business goals and the areas in which you’re retaining risks, we’ll work with you to align strategic goals with your overall risk plan and both insured and uninsured risks. From there, we can establish actuarial evaluations, consider alternative risk options, apply experience models and engage in other assessments as necessary to develop programs to better control strategically uninsured risk.Claims ManagementWe’ll work to align safety, loss control, actuarial and analytics and remove any silos between these areas, and collaborate with your internal teams to ensure the claims management process is forward-looking. In addition to supporting you during a claim, we will work to help your business proactively counter risk. Real time monitoring identifies issues before they have time to manifest into costly risks. We’ll employ technology to speed up the monitoring of claims management and response time and help your company anticipate losses. Close monitoring is one of the best solutions for keeping claim costs in check.Risk Transfer PremiumGetting the lowest possible cost and improving the risk management strategy depends on data. Our fact-based broking encourages the active participation of executive management in working with underwriters. From a safety and loss control perspective, a company in which direction and execution comes from the top makes underwriting decisions easy.So does pre-pricing risk. Determining a likely price helps companies determine their success level, so that when the underwriting price comes in, they can get an idea of how well their internal efforts align with what underwriters see.Simplifying the ComplicatedOur complex casualty specialists work with customers to deliver highly customized multi-line, multi-year insurance packages that include integrated risk and structured risk programs. Our team consists of skilled, interdisciplinary professionals with years of experience in casualty insurance, management liability, finance and law. Their number one priority is helping and protecting companies with difficult, hard-to-place risks.NFP’s programs are adaptable and incorporate elements of risk transfer and risk financing that meet the unique needs and log-term goals of our customers. In a world of constantly evolving risk, let us craft a solution that recognizes and evolves with that risk.