1. Forms
2. MI
3. MI-10-03

What the form is

The MI 10 03 "Professional Services Description" endorsement is an Insurance Services Office (ISO) form designed to be attached to the Miscellaneous Professional Liability Policy (MI 00 01). Its primary function is to provide a space for the insured and insurer to explicitly list and describe the specific professional services that are covered by the policy. This is especially important when the insured's services fall under a "Not Otherwise Classified (NOC)" category, ensuring clarity on the scope of coverage.

Classes of business it applies to

This endorsement is used for a wide array of miscellaneous professional services that might not fit neatly into standard professional liability policies for specific professions like doctors, lawyers, or architects. Examples of operations where this endorsement (in conjunction with MI 00 01) might be used include:

• Advertising Services
• Answering Services/Call Centers
• Appraisal Services (Non-real Estate)
• Career Counseling
• Concierge Services
• Corporate Trainers
• Court Reporting
• Document Preparation Services
• Event Planners
• Interior Designers (Non-structural)
• Life Coaching Services
• Notary Services
• Photography Services
• Printing Services
• Private Investigators/Investigative Services
• Process Servers
• Resume Services/Consulting
• Salon Services
• Seminar Conductors
• Staffing Agencies
• Tax Preparers
• Tour Operators
• Translating/Interpreting Services (Non-medical and Medical)
• Travel Agents
• Tutoring Services
• Other professions "Not Otherwise Classified (NOC)"

Special considerations

• Clarity is Key: The description of professional services should be precise and comprehensive to avoid ambiguity in the event of a claim.
• NOC Usage: This form is particularly crucial when the MI 00 01 policy is issued with the "Not Otherwise Classified (NOC)" designation for professional services, as it formally defines what those NOC services are for that specific insured.
• Ineligible Operations: While broad, there are certain professions typically excluded from the Miscellaneous Professional Liability program and would therefore not use this endorsement in that context. These often include accountants, agricultural professions, architects, engineers or surveyors, contractors, insurance agents or brokers, investment advisors, lawyers, medical professionals, and real estate agents or brokers, who usually have their own specialized professional liability policies. Carriers may have their own additional lists of ineligible operations.

Key information for agents and underwriters

• Risk Assessment: The detailed description of services on this form is vital for underwriters to accurately assess the unique risks associated with the insured's profession and price the policy accordingly.
• Defining Scope: Agents should work closely with clients to ensure the listed services accurately reflect all professional activities for which coverage is sought. Any new services added during the policy period should prompt a review and potential update of this endorsement.
• Potential for Gaps: If a service is not listed or is vaguely described, it could lead to a coverage dispute. It's important to be thorough.
• Coordination with Base Policy: This endorsement modifies and becomes part of the MI 00 01 policy. All terms and conditions of the MI 00 01 apply unless specifically modified by this or other endorsements.