Not only is a professional liability claim a challenge for a professional, but the professional liability (E&O, D&O, EPL, Cyber) insurance renewal placement becomes significantly more challenging. The renewal underwriter may respond in a variety of ways, including: Increasing the renewal premium Severely restricting coverage going forward Non-renewing the coverage (or even cancelling mid-term) Panic is not necessary, but some proactive work is necessary. There is always (almost always) coverage available for an account with one or more claims. Just because one underwriter takes aggressive action following a claim does not mean that all underwriters will view the account and the exposure in the same way. The renewal pricing and terms will be dependent on underwriters’ perspectives on the forward... Read more →