New professional liability product available from QBE and Jorgensen & Co.

QBE North America and Jorgensen & Co. have teamed up to release a new E&O product for professionals in one industry.

Insurance News

By

QBE North America has teamed with a specialist professional liability managing general underwriter to release a new professional liability product for accountants and consultants.

Along with Jorgensen & Co., QBE will provide liability and errors and omissions coverage for accounting firms. The underwriting manager specializes in firms of up to 50 CPAs, but has the capacity to underwrite larger regional firms, it said.

The new APL product is part of the insurer’s effort to expand its appetite for various classes of professional liability and errors & omissions coverage, said Michael Phillips, executive and senior vice president for QBE Commercial Errors & Omissions.

“As a specialty insurer, we are always looking to enhance our suite of product offerings designed specifically for professional firms and service providers,” Phillips said in a statement.

Don Allard, senior vice president for Specialty Programs at QBE, also celebrated the announcement.

“QBE is pleased to enter into this partnership with Jorgensen & Company,” he said. “This addition to the Specialty Programs unit will continue to expand our reach in providing liability coverage to accounting firms, while keeping the customer at the center of what we do.”

In announcing the partnership, Rickard Jorgensen, president of Jorgensen & Com., praised QBE for its innovation and professionalism.

“We have been able to negotiate a substantial upgrade on the quality of coverage and service provided to our members, Jorgensen said. “With QBE as our partner-insurer, we are confident of the continued success of the CPAGold program.

Jorgensen & Company is the exclusive source for APL coverage to accounting firms outside major international firms.

The Specialty Programs unit, part of QBE Specialty, partners with MGA/MGU program administrators to underwrite management liability and professional lines for trade associations and affinity groups. QBE Specialty underwrites risks across a wide variety of industry sectors and customer segments. These include Aviation, Public Company, Private Company, Commercial Errors & Omissions, Financial Institutions, Healthcare, Media & Entertainment, Trade Credit, Surety and Inland Marine risk for appointed retail and wholesale producers.
 
 

Keep up with the latest news and events

Join our mailing list, it’s free!