What it does
BP 21 03 is the professional services exclusion of the ISO Micro-Businessowners program. It removes liability coverage under BP 00 04 for injury arising out of the rendering of or failure to render professional services, so errors in advice, design or other professional work are not covered under the micro-BOP's general liability.
Who needs it
Micro-businesses that provide advice or professional services – consultants, designers, bookkeepers, tutors and similar.
Quoting and selling notes
- Offer BP 22 02, Micro-Businessowners Professional Liability, which gives claims-made professional coverage for the services described in its Schedule.
- Check whether contracts with the client's customers require professional liability.
- If the client's services are outside what the carrier will describe in BP 22 02, a stand-alone professional liability or miscellaneous E&O policy is the alternative.
