Counterpart, a leading management and professional liability insurtech, announced the addition of General Liability (GL) insurance to its Miscellaneous Professional Liability (MPL) product line. This new offering provides small businesses access to expanded coverage through Counterpartâs trusted network of wholesale broker partners. Backed by A rated carrier Aspen, Counterpartâs GL offering provides tailored insurance solutions for small and medium-sized businesses.
Counterpartâs GL product features ISO-based wording and offers limits of up to $1M occurrence / $2M aggregate including Products and Completed Operations, with separate limits for both Professional Liability (PL) and General Liability (GL). This additional coverage helps small businesses protect themselves from claims related to bodily injury and property damage stemming from their products, services, or operations.
âGeneral Liability is a critical coverage for small business owners and has been the most demanded addition to our PL product line from our brokers,â says Mike Muglia, Professional Liability Insurance Lead at Counterpart. âThe ability to package GL with MPL simplifies the process for brokers and provides insureds with the advantage of having one carrier handle claims for both lines.â
The addition of General Liability (GL) adds to Counterpart’s expanding portfolio of insurance solutions for small businesses and strengthens its partnership with Aspen. This launch furthers Counterpartâs broker-driven product expansion, which began earlier this year with the introduction of admitted and not-for-profit management liability offerings. By continuing to develop customized solutions, Counterpart remains committed to empowering brokers with tailored products that meet the evolving needs of their clients.
âWeâre a big supporter of Counterpart and value their data-driven approach to underwriting. Weâre excited to back them as they expand their MPL offerings through innovative and cutting-edge solutions,â says Matt Price, Senior Vice President, Professional Liability at Aspen.
Counterpart, a leading insurtech, combines top insurance expertise with industry-leading underwriting and claims technology to help minimize risks for small businesses. Small business owners can obtain Counterpartâs robust management, professional, and general liability coverages through its network of over 2,000 trusted wholesale brokers nationwide.
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