E&O/PI solutions for WBN Members

As part of the WBN agreement, all members are required to have E&O / Professional Indemnity (PI) coverage with limits of USD2m any one claim and USD4m in aggregate.

Following a review, WBN consulted with Miller to understand if there were any other requirements to best protect its members and Worldwide Jurisdictional coverage was identified as a must have. Miller promptly engaged with the market to develop a solution and found that the inflexibility of global composite insurers meant they were not a viable option.

Turning to the London Lloyd’s and Company markets, Miller’s proposed solutions received far more interest and the ability to tailor programmes to each member’s needs was accepted.