Business Risk Partners (BRP) has partnered with Aspen American Insurance Company to introduce a new and significantly expanded professional liability form for insurance agents and brokers.

The enhancements to the form include built-in cyber extension coverage with $150,000 of limit; deductible reduction coverage, up to 50% on each claim; broad definition of professional services; broadened insolvency coverage; and increased coverage for administrative proceedings, and subpoena inquiry and court attendance costs.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The programme is currently admitted in 41 US states and has been filed in all 50.

BRP CEO and president Lisa Doherty said: “Our partnership with the Aspen team is a logical next step. We know how talented they are from a history of first working with veteran members of the team nearly a decade ago.”

Aspen global head of professional & management liability Bruce Eisler said: “We saw this opportunity with BRP as a way to extend our expertise in professional liability, claims resolution and service to insurance agents, a previously untapped market for us.

“After listening to what Lisa and her team required, we were able to deliver a creative and custom solution that both enhances BRP’s product offerings and our long-term partnership.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The policy targets a wide array of insurance agents and brokers such as agents for life/health, property and casualty, wholesalers, consultants and MGA/program administrators. It offers $10m in capacity for primary or excess placements with no minimum revenue threshold.