We are pleased to announce that we are expanding our net of Professional Liability Products.  Our Firm has been very successful with writing errors and omissions insurance for commercial real estate firms and insurance agents and brokers for many years.  We have recently begun significant marketing efforts in targeting Architects & Engineers and Actuarial Consulting Firms. We have recognized this as a significant growth area based on the current economy. 

Axis Insurance Services, LLC  has experienced signficant growth in its E&O book of business, topping 40-50% in each year for the past 5 years.  We have only been able to accomplish this by specfically targeting key industries and then exploiting the market weaknesses.

For more information about our Architects and Engineers or Actuarial Consultants professional Liability Products, please contact Mike Smith at 201-847-9175 or msmith@axisins.com

Axis Insurance Services has succesfully written new Professional Liability Insurance  business in July for the following risks.

Insurance Captive Manager $45,000

Structured Settlement Broker $5000

Insurance Broker $39000

Title Agent Owned by a developer $30,000

Axis Insurance Services, a National Professional Liability Broker announces recent E&O placements.

Wholesale Insurance Broker E&O $15 million limits $149,000
Regional MGU E&O $3 million limits, $30,000
Large Insurance bank owned insurance agency $5M limits $191,000
Commercial Property Management Company $10 Million limits for $254,000
Title Agent with significant loss history $45,000

Axis Insurance Services continues to grow despite this down economy with a focus toward client needs and customer service. Mike Smith, President and CEO says, “we are continuing to expand our markets to have access to products and coverages that our competition simply doesnt seek. We are very pleased with our managed growth hope to continue at our current pace.”

Please feel free to contact Axis Insurance Services LLC at 201-847-9175 or visit us on the web at www.axisins.com

Extended Reporting Coverages are vitally important when companies close or are sold.  Often we find companies simply don’t have the money to purchase an extended reporting endorsement (Tail Coverage)  and are left to take their chances with future claims.  We feel it is vitally important when closing or selling a company to plan for the purchase of extended coverage. The cost for this coverage is typically 100% of the expiring premium for a 12 month extension up to 250% for a 36 month extension. Withoutthis coverage, the policy will typically cease and no claims reported in the future will be paid by an E&O policy.  This is regardless of when the incident occurred.  We provide our clients with a detailed explanation of claims made coverage and make them sign off that they understand the risk.