Aon | Professional Services Practice
Property & Casualty
Property & casualty risks continue to diversify and increase in complexity. Using the product knowledge and capabilities of our global team, we deliver a range of insurance and risk management solutions.
A rise in excessive fee litigation – are professional service firms next?
April 2021 - Excessive fee litigation generally alleges that fiduciaries of employer-sponsored retirement plans have permitted plan service providers – like investment managers and plan administrators – to be paid excessive fees from plan assets.
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We have long recognized the unique risk characteristics of professional service firms – and have a dedicated team solely focused on providing Property & Casualty insurance and risk consulting services to professional service firms, on a global basis.
Our Approach
We act as an advocate for our clients and to ensure that their assets are protected and their organizational goals are met. Our value-added services related to property and casualty coverages include the planning, execution, and stewardship of the following coverages and services:
- Property insurance, including Business Interruption
- Workers’ Compensation / Employers Liability
- General Liability, Automobile Liability and Umbrella Liability
- Global Programs (including local placements)
- Crime, Fiduciary and Kidnap, Ransom and Extortion
- Group Personal Umbrella
- Travel Accident
We have developed a proprietary Property insurance wording, designed specifically for our professional service firm clients. This provides exceptionally broad protection and addresses the special coverage needs of professional service firms.
