A small consulting client wins a new contract on Friday afternoon.
Work starts Monday.
Their broker now needs Professional Indemnity insurance quickly, clearly, and without unnecessary friction.
There is only one problem. The client is not an accountant. Not an IT firm. Not a real estate agency. Not an architect.
They are a growing professional services business that sits somewhere in between.
That is where Hutch’s Miscellaneous Combined Liability solution may fit.
Hutch’s Miscellaneous offering is designed for eligible professional services businesses that do not fall into a dedicated occupation-specific category.
It combines key business liability protections into one solution, including:
This can create a practical pathway for brokers placing SME professional services businesses that need efficient access and clear underwriting pathways.
Every business is assessed on its actual activities, not just the title used on a proposal.
Examples of businesses that may be considered include eligible:
A “consultant” can mean very different risks depending on the services provided, so accurate occupation selection matters.
Many SME clients know they need Professional Indemnity cover, but do not fit neatly into specialist categories.
That can slow down submissions or create uncertainty about placement.
Hutch’s Miscellaneous pathway helps brokers place eligible businesses that sit outside dedicated wordings, while still accessing digital quote pathways.
For eligible Miscellaneous risks with revenue up to $500k, Hutch may offer nil excess, subject to underwriting criteria, limits, terms, conditions and exclusions.
That means qualifying clients may have no policy excess payable if an eligible claim occurs.
For smaller businesses, this can be a meaningful conversation point when balancing cover needs and budget.
Nil excess criteria and broader underwriting appetite are different things.
A business may sit outside nil excess settings but still be considered for cover.
Hutch’s broader Miscellaneous appetite can consider eligible professional services businesses with revenue up to $10M, subject to underwriting criteria.
So brokers should not assume larger consulting businesses are outside appetite simply because nil excess does not apply.
Recent enhancements also introduced standardised occupation descriptions for Miscellaneous risks.
That may sound simple, but it can improve the quoting process by helping create:
When clients need cover quickly, small workflow improvements matter.
Hutch products are built for broker workflows, with access available digitally via:
That means brokers can test fit, quote faster and move quickly when time matters.
No. It may suit a range of eligible professional services businesses depending on activities and underwriting appetite.
No. Nil excess is available only for eligible risks that meet criteria, like revenue under $500k.
Yes. Hutch’s Combined Liability wording includes both Professional Indemnity and Public Liability sections, subject to the policy wording and schedule.
Depending on occupation and activities, eligible sole trader businesses may be considered.
A client may be worth discussing with Hutch when they:
The challenge is rarely explaining why PI matters.
The challenge is finding the right fit quickly.
When a client does not sit neatly inside a specialist category, Hutch Miscellaneous Combined Liability may provide a clear path forward.
To workshop an occupation or discuss a scenario, contact Hutch or access products through Ebix Sunrise Exchange and SCTP.
This article is general information only and intended for insurance brokers and professional audiences. It does not consider any person’s objectives, financial situation or needs. Eligibility, underwriting criteria, limits, terms, conditions and exclusions apply. Refer to the relevant wording, schedule, and supporting documents before quoting or binding cover.