Errors & Omissions

Professional liability insurance provides protection for firms against claims brought by their clients for financial loss due to negligence. Those at risk include architects, lawyers, accountants, engineers, insurance brokers, and consultants. We work closely with various clients in these sectors to minimise the risks posed to their business, and are recognised as one of the foremost specialist professional liability brokers.

The Paragon Advantage
Paragon has built its reputation upon being a professional liability broker and this remains a core competency of the company:

Law Firms:
Being a leading specialist professional liability broker in London for US lawyers, our client list includes five of the AmLaw top 35 law firms.

Paragon recognises that every firm is unique and specialises in securing competitive professional liability insurance for various types, sizes and disciplines of law firms.

•    Large law firms who require complex global programs with high excess limits that are underwritten by Insurers all over the world;

•    Law firms with specialist practice areas such as Intellectual Property, Entertainment, Securities and Class Action Plaintiff;

•    Law firms who are looking for alternatives to their existing program, or want to purchase additional limits in excess of their existing program. These can be programs placed in the commercial market, a mutual or a domestic primary placement.

Architects & Engineers:
Paragon represents many of the top 100 architectural and engineering design firms listed in Engineering News-Record. Innovative firms demand innovative insurance solutions and Paragon works to develop such solutions tailored to meet the needs of the architectural and engineering industries. Our Decennial Liability offering is testament to this and provides design professionals operating in territories where it is required with a solution to a very real business risk (please see our Decennial Liability section for further details).

The traditional professions are no longer the only targets of professional liability lawsuits, however.  The frequency of legal actions brought against a wide range of service-based firms is on the rise, meaning that any business offering a service (as opposed to manufacturing a product) will likely face an exposure.

As a registered Lloyd’s and Bermuda broker, Paragon has access to the world’s leading insurance markets for professional liability risks. The cost of defending professional liability lawsuits is now more expensive than ever before, which has led to an increase in the limits of insurance purchased by professionals. Between them the Lloyd’s and Bermuda markets have the ability to provide clients with professional liability limits in excess of $500 million. Paragon places some of the largest and most sophisticated insurance programmes for professional firms in the world ensuring our clients are adequately protected.

See the menu on the left for information on our range of other Professional Liability products.