Summary
The professional liability (excluding medical malpractice) market accounts for more than $14.7 billion in written premium, according to data compiled by MarketStance, Middletown, CT. Architects and engineers is the largest market for professional liability coverage, with engineering services accounting for nearly $3.8 billion in premium and architectural services adding another $492 million. The two areas that are expected to show the fastest growth in E&O premiums through 2008 are professionals operating in the securities area and professionals in computer services. The professional liability marketplace is extremely diverse, offering a plethora of small niches that can provide opportunities for agents and brokers with unique offerings.
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The Professional Liability Market
The professional liability (excluding medical malpractice) market accounts for m...
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