Our risk management strategies help Professional Service companies drive continuous innovation, endure future challenges, and achieve ambitious growth objectives. We work alongside our clients to help extend your current insurance program's capabilities, optimize your risk spending, close coverage gaps, manage exposures, and find new growth opportunities. Our Professional Services Risk Management Program offers comprehensive insurance management services to help your organization carry out its mission and mitigate the risk exposures your business experiences. Some of the critical challenges the Professional Services industry must address include the following:

• Cyber risks pose a threat to the Professional Services industry; as new technology continues to disrupt the industry and more financial transactions are conducted online, data breaches and other forms of cybercrime increase.

• Errors and omissions allegations made by clients can lead to costly lawsuits. The potential for allegations of negligence and service errors and omissions increase professionals' risk exposure.

• The loss of key personnel can have a substantial impact on a business. The loss of a key employee can lead to the loss of clients and revenue. A key person insurance policy can help mitigate this risk.

• Employment practices, wrongful termination, and sexual harassment claims can put a firm into severe financial distress. It is very important to implement strong internal controls and procedures alongside comprehensive coverages to protect organizations from financial losses.

• Third-party risks and accidents can be devastating. Hiring subcontractors can help expand your business, and transferring risk to the appropriate party can help protect your business from subcontractor negligence. It is crucial for any professional service business to have sufficient liability coverage for subcontractor negligence.