RLI has launched a new miscellaneous professional liability product called RLI Target Professionals. The new product is designed to protect firms from lawsuits arising from the performance of their professional services and is available for firms with gross revenues less than $15 million. In the future, the majority of targeted classes will have access to the RLIPack and RLIComp suite of products including general liability, auto, excess liability, and workers compensation.
RLI is targeting the management services, personal services, financial services, legal support services, educational services, and real estate services segments with the new Target Professionals product. The product includes, for most industry classes, defense outside of the limit coverage, 75/25 consent to settle clause, third-party discrimination coverage, full policy limit for personal injury, full prior acts coverage, limits available up to $5 million, minimum premiums as low as $995, and deductibles as low as $0. A complete list of specific terms and conditions are set forth in each policy. RLI’s Target Professionals product is available to a limited network of 20 wholesalers and 40 retailers nationwide.
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