Get Ace Advantage Miscellaneous Professional Liability Bapplicationb

The ACE Advantage Miscellaneous Professional Liability Application is essential for securing professional liability coverage. This guide provides a step-by-step overview of how to complete the application online, ensuring that you provide all the necessary information accurately and efficiently.

Follow the steps to complete your application successfully.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering your general information in Section 1. This includes your applicant name, business address, business type, nature of business, year established, and the number of principals, partners, directors, officers, and professional employees.
3. In Section 2, list all subsidiaries for which coverage is desired, including the percentage of ownership and the services performed by each subsidiary.
4. Proceed to Section 3. Respond to questions about acquisitions, mergers, or changes in the applicant's name, providing explanations on separate sheets if necessary.
5. In Section 4, indicate the professional services provided and the corresponding percentage of total revenue. Be sure to check all applicable boxes and attach supplemental applications if required.
6. Provide financial and business information in Section 5, including total revenues and fiscal year-end date. If applicable, discuss any anticipated material changes to the business.
7. For Section 6, list the five largest clients, the services provided to them, and the revenues generated from those clients.
8. In Section 7, answer questions regarding subcontractor use, including the percentage of services subcontracted and if subcontractors are required to maintain insurance.
9. Navigate to Section 8 to outline the percentage of services provided under written agreements and specify any contract nuances.
10. Section 9 requires information about corporate governance, procedures for client complaints, and continuing education for professional employees.
11. In Section 10, provide details about your prior professional liability insurance coverage over the past five years.
12. Complete Section 11 on disaster recovery planning if applicable, addressing various preparedness components.
13. Finally, Section 12 calls for disclosure of any claims experience or disciplinary actions in the past five years.
14. Review the entire application for accuracy, ensuring all questions are answered and necessary documents are attached. Once satisfied, apply the authorized officer's signature, print name, title, and date.
15. Upon completion, save your changes, download, print, or share the application as needed.

Take the first step in securing your professional liability insurance by completing your application online today.