MISCELLANEOUS E&O: As industries and professions mature, so do their E&O insurance needs

Doctors and lawyers are used to getting sued, but what about notaries and ticket brokers? An increasingly litigious society, combined with a profession's natural maturation, is resulting in heightened interest in miscellaneous errors and omissions insurance. AAB asked Howard Goldstein, assistant vice president of underwriting for Philadelphia Insurance Cos. in BaIa Cynwyd, Pa., to discuss the current state of miscellaneous E&O from his company's perspective.

AAB: What is the term "miscellaneous E&O" generally understood to mean?

Goldstein: Typically, it's a catch-all for professions that don't have dedicated products; segments of the E&O marketplace that are a little tougher to identify, or to put in an ironclad category. For instance, a lawyer is a lawyer is a lawyer, and a CPA firm is a CPA firm. Something like a marketing consultant, or a technology consultant, might be a little more elusive.

AAB: Looking over your E&O brochure, I see about 50 professions listed. How have you arrived at those specialties? Or do you have a product for literally every profession out there?