What Are the Key Differences Between Aon and Newfront Professional Liability (E&O) Insurance?
Professional specialties and company stage
Aon identifies law, accounting and consulting firms for its practice; Newfront describes Executive Risk service to private companies from seed stage through later rounds and public companies, without making that eligibility specific to E&O. A growing company should ask Newfront how E&O fits its stage and Aon whether its profession falls within the named practice. [1] [4]
Risk advice and account services
Aon describes advisers using industry knowledge, data and tools for risk-management decisions. Newfront lists integrated claims and coverage negotiation and a dashboard for policies, certificates and billing. Ask which services attach to your E&O account and who handles claim discussions. [1] [4]
Placement and consultation
Aon says its practice helps arrange or advise on professional liability; Newfront asks prospects to request a consultation rather than issuing an instant quote. Both routes call for a conversation, so ask what underwriting material each needs and which carriers will be approached. [1] [5]
What Should You Confirm in Aon and Newfront Professional Liability (E&O) Insurance Quotes?
- Ask Aon to confirm the quoted policy form, retroactive date and covered allegations; its offering says professional liability as addressing professional-services firms’ liability exposure and says it tailors coverage structures to a firm’s needs. It identifies E&O as a commonly used name for professional-liability insurance; actual policy terms are not stated. [1]
- Ask Newfront to confirm the quoted policy form, retroactive date and covered allegations; its offering says errors and Omissions (E&O) among the coverages its Executive Risk team places, alongside D&O, EPLI and fiduciary liability. Newfront brokers this professional-liability coverage rather than underwriting it, and distinguishes it from the technology E&O it places through its Cyber Risk practice. [4]
