Professional Lines
When management is running a business, there are many risks that are ever-present in day-to-day business dealings and decisions. No matter how big or small, the company and its leaders can be affected by litigation, and executives and directors are particularly exposed without the proper protection.
Insurance Overview
Why Professional Lines Insurance?
A company’s management team can be held personally accountable for the consequences of its business decisions. Similarly, an employee may feel that the company didn’t do enough to protect them from the discriminatory behavior of their co-workers. These claims are more than likely brought against the company and management, putting their personal assets at risk. Whether the company is dealing with an unsatisfied investor looking to recoup a loss, an employee alleging discrimination, or a government audit, its leadership is a target.
Industry Classes
Coaction insures a broad range of products and will entertain ALL classes of business, including but not limited to:
- Agriculture
- Biotechnology
- Consumer Discretionary
- Consumer Staples
- Credit Unions
- Energy
- Financial Institutions
- Health Care
- Industrials
- Manufacturing
- Materials
- Pharmaceutical
- Retail
- Technology
- Utilities (focus on regulated utilities)
Who We Insure and Availability
Our products are tailored for all sizes such as:
Professional Lines Coverage Highlights
Coaction’s professional liability insurance is specifically designed to address the evolving, complex, and unique risks of small and mid-sized law firms.
- $15 million in capacity for optimal risks
- Admitted and non-admitted paper
- Primary or follow‐form excess with limits attached at all layers
Claims Management
At Coaction, we strive to provide an exceptional claims-handling experience to our clients. Our average claim adjuster has over 15 years of experience and are strategically aligned with our underwriting verticals to provide our insureds and claimants a specialized claims encounter.
- Expert claims team known for its quality, commitment, and integrity
- Engage with specialized investigative and litigation experts
- Industry-leading loss control services
The Coaction Advantage
Coaction delivers comprehensive insurance solutions through a unique approach that combines three defining attributes for business success.
Underwriting Expertise
based on our collective years in the insurance industry.
Modern Insurance Products
customized for today’s most complex business demands.
Technology Support
through streamlined tools that put our partners and customers in control.
Our Expertise
Headed by Senior Vice President Paul Schiavone who has over 25 years of experience in underwriting, finance, and accounting. Our Professional Lines team delivers underwriting, claims, distribution, and customer service experiences that help drive positive performance. We collaborate with a select group of expert distribution partners to deliver unique value to our customers, and design solutions to help solve our customers’ business problems to enhance their business operations.
