I want "cyber" coverage for potential data breaches too, and it seems not all companies offer that. In a nutshell, RT Specialty is offering $1M coverage for professional liability with $1000 deductible, plus Cyber/Data breach coverage of $1M with $2500 deductible, for about $1300 annually, via this local broker.
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Christopher Ryan
Clinical Associate Professor of Family Medicine
SUNY Upstate Clinical Campus
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Original Message:
Sent: 07-05-2023 09:47
From: John Green
Subject: does anyone have experience with RT Specialty for professional liability ("E&O") insurance?
Christopher,
I have no knowledge of RT Specialty, but for what it is worth, I have been using Liberty Mutual Business Insurance for my consulting business. It costs around $2000 for $2Million coverage. I have had companies who wanted up to $20 Million coverage but have been able to negotiate with them to accept the level I have. Liberty Mutual would not offer that level at any price. It has never been necessary to file a claim, but it is a reputable business and I use the non-business side of the company for my personal insurance on car and home and have found them helpful and easy to work with.
John W Green
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John W Green
Principal Consultant: Biostatistics
John W Green Ecostatistical Consulting LLC
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