Founders Professional is 100% devoted to the wholesale brokerage distribution channel, specializing within all areas of the professional liability insurance marketplace, focused toward serving premier retail agents and their staff

Coverage for Your Clients with Specialized Needs Founders Insurance Professional Liability Programs are written with experienced specialty underwriters, and claims-made policies that provide comprehensive coverage solutions for a broad array of classes.

Classes of Business Including:
Technology and Cyber Risks: All classes of technology services including privacy and network security

Law firms: 10 to 150 attorneys.  No patent, SEC, personal injury – plaintiff, mass tort practices

Architects and Engineers: Practice only policies for Architects, Engineers, Interior Designers, Landscape planners, Agency and At-Risk Construction Managers

Miscellaneous: General consulting and professional services: Clinical review organizations and allied health

Securities Broker/Dealers: Up to 150 Registered Representatives.  Up to $500m in assets under management

Real Estate-Related Services: Real estate agents & brokers; Property managers; Construction managers

Insurance-Related Services: Insurance agents and brokers, including MGA’s; MGU’s; Third-party administrators; Employee benefits pension plan administrators; Loss control consultants and risk managers

Media Related Services: Advertising agencies; Publishers; Public relations; Consultants; Production companies

Capacity:
– Capacity up to $20m per risk
– Both primary and excess attachments

Minimum Premium and SIRs: (vary by class)
– $10,000 minimum premium on new business
– $10,000 minimum SIR

Submission Requirements:
– Standard professional liability main form applications and supplements
(other professional liability carriers’ applications are acceptable for quoting)
– Five (5) years of currently valued carrier loss runs
– Copies of standard client contracts
– Resumes for principals and key employees

Additional Coverage Features:
-Class specific policy forms                             – Blended coverage
– Continuity of coverage                                  – Punitive exemplary damages
– Automatic coverage for subsidiaries           – Worldwide coverage
– Personal and advertising injury                   – Breach of privacy
– Breach of security                                          – Intellectual property rights infringement
– Softened hammer clause                               – Discrimination dishonesty defense coverage
– Contingent BI/PD                                          – Coverage for services provided electronically

Excluded Classes:
– Public Company D&O
– Larger Security Brokers/Dealers & Investment Advisors
– Patent Infringement, IP coverage for law firms and technology risks
– Medical Malpractice
– Financial Institutions
– Accounting firms with more than 5% SEC or Public Company Audit
– California Real Estate Business