04 November 2021Nexus US Management and Professional Liability team launches new and improved Small Business Protect product
Nexus US Management and Professional Liability team are pleased to announce the launch of our new and improved Small Business Protect product – a combination Professional Liability/General Liability product offered on a surplus lines basis in all 50 states.
Small businesses are the backbone of the US economy, and in fact make 99.9% of US businesses and employ 47.1% of US employees*. We wanted to create a product that supports the growth of these entrepreneurial businesses, who need insurance coverages that are flexible and provide them with financial protection in case a liability claim is made against them. To help address these unforeseen risks, our Small Business Protect PL/GL product offers customized insurance cover for Professional Services, Premises and Products, risks that require unique solutions.
Our knowledgeable underwriters are experts in the Professional Liability space and understand that not all small businesses are the same. They are empowered to make decisions and create tailored solutions to fit the needs of an individual business.
Bruce Simmons, VP/Product Manager of Small Business Protect, said: “This is an exciting time to roll out this improved product offering. Over 4 million new businesses were created in the US last year according to data from the Census Bureau. Here at Nexus we are well positioned to work in partnership and offer these SME entrepreneurs a PL/GL combo product that will enable them to realize their full potential.”
At Nexus our roots are in Financial Lines and we have a historical dedication to the Professional Liability space not just in the US, but also globally.
For further details, please contact Bruce Simmons or download the product fact sheet here.
* source: www.smallbiztrends.com