Foxquilt and City National Insurance Company, a member of Markel, have filed a new professional liability errors and omissions insurance program in Nevada, following a similar filing in Georgia. The claims-made E&O product is aimed at emerging professionals with less than $2 million in annual revenue or fewer than 10 employees.

The program targets a broad range of service providers, including consultants, insurance agents, recruiters, accountants, photographers, interior designers, coaches, property managers, and technology consultants. It includes industry-specific endorsements and optional coverages such as contingent bodily injury and property damage sublimits and extended reporting periods.

“The Foxquilt Professional Liability Errors and Omissions program is differentiated by its focus on evolving small business operating models that frequently have multiple operations under a single entity, are newly formed, and/or are independent contractors and service providers operating across multiple business activities for larger enterprises.

Traditional professional liability errors and omissions products often require insureds to purchase multiple policies, rating on the highest exposure or face restrictive underwriting when operating across several classes of business. Foxquilt’s program is designed to accommodate multiple operations within a single policy, providing tailored coverage that reflects the actual risk profile of each insured. This program will use Professional Liability Errors and Omissions coverage is provided on a claims-made and reported basis with underwriting features including prior acts options and extended reporting periods.

The program is proprietary and based on a competitor’s rules, rating and forms.”

The Nevada filing is effective upon approval.