Counterpart, an AI-driven management and professional liability insurtech, has added General Liability (GL) insurance to its Miscellaneous Professional Liability (MPL) product line.
This new offering broadens coverage for small businesses through Counterpart’s network of trusted wholesale brokers.
The GL coverage, backed by A-rated carrier Aspen, offers tailored solutions for small and medium-sized businesses.
It features ISO-based wording with limits of up to $1 million per occurrence and $2 million aggregate, including Products and Completed Operations, with separate limits for both Professional Liability (PL) and GL. This additional coverage helps small businesses protect against claims related to bodily injury and property damage arising from their products, services, or operations.
Mike Muglia, Professional Liability Insurance Lead at Counterpart, said, “General Liability is a critical coverage for small business owners and has been the most demanded addition to our PL product line from our brokers.”
He added, “The 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.”
The introduction of GL further expands Counterpart’s growing portfolio of insurance solutions for small businesses and strengthens its partnership with Aspen.
Matt Price, Senior Vice President, Professional Liability at Aspen, noted, “We’re a big supporter of Counterpart and value their data-driven approach to underwriting. We’re excited to back them as they expand their MPL offerings through innovative and cutting-edge solutions.”
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