QBE North America offers E&O, cyber coverage for small accounts

QBE North America, a division of Sydney-based QBE Insurance Group Ltd., has formed a strategic program underwriting alliance with Professional Risk Facilities, a unit of Jericho, New York-based ARC Excess & Surplus L.L.C., to offer coverage for miscellaneous errors and omissions, media liability, tech E&O and cyber.

The coverage will be written on an admitted basis through QBE North America, the insurer said Tuesday in a statement. The broker will be Stamford, Connecticut-based TigerRisk Partners L.L.C.

QBE said the program will run alongside its existing commercial E&O offering.

The program, which will be accessible from a specialized network of wholesale distribution partners, will target small accounts generating a maximum revenue of $5 million.

QBE’s internal commercial E&O team will handle accounts with revenue of more than $5 million, along with complex accounts that generate less than that in revenue and/or those that fall outside of Professional Risk Facilities’ class-of-business authority, according to the statement.