Research

Insurance Marketplace Realities: Errors and omissions

2018 Spring Update on Commercial Insurance in North America

April 12, 2018

Price prediction

  Trend Range
Errors and omissions: No change or slightly up Flat to +5%

Key takeaway

Companies should review the limitation of liability and indemnification clauses in their customer contracts, as underwriters are closely scrutinizing these provisions, especially in relation to unforeseen cyber risk exposure.

Cyber risk remains the main driver in this space, helping to propel small price increases.