TMI Group

Professional Liability

Full Program Description

Target Managers Insurance offers Professional Liability coverage for Attorneys, Accountants, Insurance Agents, Investment Advisers, Architects and Engineers, and Mortgage Bankers and Brokers.

We continue to build strong relationships with our valued network of insurance carriers. The diversity of our business mix and growth strategies continually leads us into new developing markets and positions us for continued success. Target Managers Insurance offers special pricing and exclusive products for Professional Liability.

Target Business Categories:

  • Attorneys
  • Accountants
  • Insurance Agents
  • Investment Advisers
  • Architects
  • Engineers
  • Mortgage Bankers and Brokers
  • Publishers and Broadcasters
  • Public Officials
  • ReAssure
  • School Risk Protector
  • Associations
  • Trustees
  • Third Party Administrators
  • Crisis Management
  • Miscellaneous Errors & Omissions
  • Technology
  • Network Security and Privacy
  • Telecommunications Errors & Omissions
  • Internet / Computer Networking
  • Multimedia
  • Real Estate Brokers, Agents, Property Managers

Program Highlights:


  • Broad coverage for claims alleging negligent acts, errors or omissions in legal services rendered, including claims alleging personal injury
  • Policy Deducible does not erode the limit of liability
  • Pro bono coverage is not excluded
  • A far-reaching definition of insured, including the firm’s current and past attorneys, etc.
  • Insured versus Insured coverage where an attorney-client relationship exists
  • Defense costs coverage ($25,000) for disciplinary hearings
  • Crisis management insurance, providing up to $50,000 toward the fees of a public relations firm to help mitigate the damage certain ~ “crisis events” can cause to an attorney and a law firm’s reputation while helping to prevent claims and mitigate damages
  • Loss of earnings coverage (up to $250 per half day/$5,000 for the policy period)
  • Coverage for fiduciary liability claims arising from legal services
  • Flexible Bilateral Extended Reporting Period (ERP) options
  • Up to $10 million in limits
  • Definition of the term Damages includes punitive damages (10 the extent permitted by law)
  • Worldwide Coverage is provided (where permissible by law)
  • Sever-ability applies to certain exclusions


  • Up to $20 million in limits are available
  • Flexibility in selection of defense counsel
  • Deductibles provided on a per-claim or aggregated basis
  • Coverage Includes personal injury and advertising injury
  • Separate, dedicated E&O claims department

Insurance Agents

  • Provides “Personal Injury” (libel. slander etc.) protection
  • Provides toll -free claims telephone “hotline” in addition to quarterly newsletters on errors and omissions trends and developments
  • Offers oneĀ· year discovery option where authorized
  • Duty to defend alleged Wrongful Acts even if groundless
    Available to Insurance Agents and Brokers
  • Program contempta les Managing General Agents, Underwriting Managers, Wholesalers, Surplus Lines, Larger General Agents
  • Defense in Addition to the Limit coverage available
  • Modified Insolvency Exclusion available
  • First dollar defense available


  • Up to $5 million dollar limits of liability
  • Personal Injury and Advertising Coverage
  • Independent contractors covered as Insured’s
  • Worldwide Coverage
  • Coverage while acting as an expert witness


  • A broad definition of “insured,” encompassing: Past, present or future director or officer of the association; Past, present or future employee of the association; Past, present or future board member or committee member of the association while acting within the scope of their duties as such; Any other member of the association while acting at the direction of any officer or the board of directors on behalf of the association
  • Intellectual property coverage including copyright or trademark infringement and, piracy or misappropriation of ideas
  • Full Prior Acts coverage
  • Limits up to $25 million
  • Coverage for claims arising from the publication or utterance of libel, slander or other defamatory or disparaging materials or remarks
  • Coverage for claims alleging invasion or infringement of the right of privacy


  • Provides payment for defense costs, settlements, judgments and other legal expenses
  • Covers claims brought against the insured anywhere in the world
  • Offers express coverage for loan servicing

Coverages Available:

  • Professional Liability
  • Directors and Officers Liability
  • Fiduciary Liability
  • Financial Institution Bonds
  • Not-For-Profit Risk Protector
  • Employment Practices Liability
  • Network, Security and Privacy and ID Theft

Approved States:

  • AL, AR, AZ, CA, CO, GA, IL, IN, KY, LA, MD, MN, MS, NC, NE, NJ, NM, NV, OK, OR, TN, TX, UT, WA, WI

Market Available:

  • CNA
  • Freedom Specialty Insurance Company
  • Greenwich Insurance Company
  • Indian Harbor Insurance Company
  • Scottsdale Insurance Company

Submission Requirements:

  • Professional Liability Application
  • Professional Liability Supplemental Application
  • Currently Valued Loss Runs – 3 to 5 Years
  • Insured Narrative – If Available
  • Needed Premium – If Available
  • Email Complete Submission to

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Select Department: For further assistance, please contact front desk at (702)588-5300 and you will be routed to the available representative.

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