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Zurich is cancelling my prof. liability insurance
Posted: Sun Feb 05, 2012 1:21 pm
by sako
I have received a letter from Zurich stating that they will cancel my insurance in April. I have received another letter last month notifying of an increase in premium. I called Richard, he said not to worry. Has anybody got the same letter?
Posted: Mon Feb 06, 2012 1:14 pm
by land butcher
IIRC about a year ago there was a article that companies doing under $5m/yr in revenue were going to have a very hard time getting E&O.
Love the marble counters.
Risk Management Article
Posted: Mon Feb 06, 2012 3:33 pm
by Administrator
The Risk Management article in issue #166 of the Cal Surveyor addressed this issue.
From page 34:
Zurich Stops Writing Professional Liability for Firms Under $5 Million Revenue
Zurich has withdrawn from the error and omission (E&O) market for Land Surveying and Engineering firms with revenues under $5 million. If you are insured by Zurich, under the CLSA program you will be getting a letter indicating they will not be renewing your coverage. There is no need to worry. The CLSA insurance program through Vista International Insurance Brokers has access to many top rated and competitive markets writing Professional Liability (E&O) coverage for CLSA members. To discuss your renewal coverage or other insurance needs, please contact our affinity partner Vista International Insurance Brokers at 800 819-8808.