What kind of claims would a specialist insurer most likely handle for a professional entity?

A specialist insurer is specifically designed to cater to risks and claims that are unique to certain professional entities. In this context, professional negligence claims pertain to situations where a professional, such as a lawyer or an accountant, fails to perform their duties to the required standard, resulting in a financial loss for their clients. These types of claims fall within the realm of professional indemnity insurance, which is a specialized area of coverage focusing on the needs and risks particular to professions that provide advice or a service.

By specializing in professional negligence claims, these insurers can offer tailored policies that account for the specific risks associated with various professional practices and can provide the necessary expertise to handle claims efficiently. Other types of claims, such as general liability claims, property damage claims, or motor vehicle claims, are typically more standard and do not require the specialized understanding of the unique professional responsibilities and potential errors involved in professional services. This specificity makes the handling of professional negligence claims the primary role for a specialist insurer focused on professional entities.