Financial Lines and Professional Services
Large-scale changes in the global business and risk environment – increasing economic unpredictability, digitalization, geopolitical tensions, supply chain vulnerability, social and corporate governance, expanding legal and regulatory obligations, and rapid technological change – contribute to a volatile global business environment.
While traditional risks are typically well-known and managed, developments in the wider global business environment demand new solutions (both transactional and advisory) that address the scale and velocity of risk and human capital change.
Aon has assembled a multidisciplinary team of specialists to help clients address these evolving risk and human capital challenges. Our Financial Lines and Professional Services practice supports the provision of key specialty insurance products across multiple industries. It provides industry-specific risk and human capital solutions for professional service firms.
Financial Services Group
Aon’s Financial Services Group (FSG) is focused on and specializes in management liability insurance advice and brokerage. Its accumulated experience from placing a high volume of insurance policies translates into a keen awareness of insurer capabilities and emerging international litigation issues. Its knowledge and experience give a unique insight into competitive pricing, coverage and the claims resolution process, supporting better decision-making.
The complexities of traditional and emerging risk exposures for public, private, and nonprofit companies can be addressed through tailored insurance solutions and services designed to protect management’s personal assets and a company’s balance sheet.
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Aon’s FSG is a dedicated insurance and advisory practice specializing in:
Professional Services Practice
For law, accounting, and consulting firms, managing and insuring their professional liability exposure is crucial to protecting their reputation and revenue. These firms are also exposed to an array of other legal and operational exposures that require careful risk management and financing treatment, including cyber risk, management liability, employment practices liability, fiduciary liability, crime, and kidnap, ransom and extortion – and property and casualty risks.
Aon’s Professional Services Practice is a global team of dedicated professionals who address the unique insurance, risk and human capital needs of law, accounting and consulting firms. A wide range of related services are also provided, including:
- Loss prevention
- Risk management information
- Claims advocacy and resolution
- Global compliance support
- Actuarial risk analysis
- Benchmarking and data analytics
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Specialized Knowledge
The team has specialized knowledge and experience in law firm professional liability (also known as errors and omissions liability), spanning both loss prevention and insurance solutions and helping law firms understand, quantify and manage their risk exposures.
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Global Presence
The team has a global presence with dedicated client service and brokerage professionals in London, Bermuda, Europe, Asia and Australasia. Operating as one team and mindful of applicable licensing requirements, Aon’s Professional Services Practice maximizes options for clients and allows streamlined market access and client service in many cases without the use of third-party intermediaries.
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Array of Human Capital Solutions
The team also provides a wide array of human capital solutions focused on the unique needs of law firms, accounting firms, consulting firms and design firms, including:
- Health and benefits
- Partner and executive benefits
- Retirement and investment services
- People analytics
- Reward solutions
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