Protector Plans

What Protector Plans does

Protector Plans, Inc. is a specialty insurance program administrator and managing general agent/underwriter (MGA/MGU) that develops and distributes professional liability and related property and casualty insurance products across multiple niche verticals. Founded in 1969 and headquartered in Tampa, Florida, the company operates as a wholly-owned subsidiary of Brown & Brown, Inc. (NYSE: BRO), the sixth-largest US insurance brokerage. Its product portfolio is anchored by long-tenured programs — the Professional Protector Plan for Dentists (1969), the Lawyer's Protector Plan (1983), and Professional Services Plans covering accountants — alongside Protector Plans Executive Liability (PPEL, launched 2023), Wedding Protector Plan, dental student and hygienist/specialty coverages, and the Harold Diers & Company retail division acquired in 2022.

Underlying capabilities include delegated underwriting authority from multiple AM Best A-rated carriers (CNA, Swiss Re/Westport, Hanover, Coverys/PPIC), in-house claims management through Protect Professionals Claims Management (staffed by former defense attorneys and seasoned adjusters with 160+ years of combined experience), and select technology integrations such as HSB IoT Meshify sensors for property loss prevention in dental offices. Distribution is predominantly through an exclusive network of appointed state administrators selected for local proximity and community involvement in their respective professional communities, supplemented by owned retail divisions (Harold Diers in the Midwest, Professional Services Plans) and parent-driven referral channels via Brown & Brown's 500+ global locations.

The revenue model is managed-services based: Protector Plans earns commissions and program administration/underwriting fees on premium written through its delegated authority arrangements, with pricing largely quote-driven and not publicly disclosed (exception: dental student liability at $25/year). Customers are predominantly SMB professional practices — dentists, lawyers, accountants, optometrists, podiatrists, dental hygienists/assistants/students — with the newer PPEL line extending into mid-market private and not-for-profit companies up to $750M in revenue/assets. Marketing is content-led (website, blog, email, LinkedIn) with parent-brand reinforcement from Brown & Brown.

Name

Protector Plans

Legal name

Protector Plans, Inc.

Website

https://bbprotectorplans.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

101–250 employees

Short description

Protector Plans is a specialty insurance MGA/MGU and wholly-owned subsidiary of Brown & Brown that develops and distributes professional liability and related P&C programs for niche SMB verticals including dentists, lawyers, accountants, optometrists, podiatrists, and — more recently — mid-market executive liability accounts, via exclusive state agents and A-rated carrier partnerships.

Ownership category

akta.pro rank

Product category

Professional Liability Insurance

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

akta.pro secondary industries

Mid-Market Commercial Package (Package Policies) (FSAJAFAB), Professional Umbrella / Excess (E&O/D&O Wrap) (FSAJANAH), Product Liability Umbrella / Excess (FSAJANAI), Real Estate / Lessors Risk BOP (FSAJAFAI), Nonprofit / Social Services BOP (FSAJAFAM)

Keywords

• Professional liability insurance
• Medical malpractice insurance
• Executive liability coverage
• Insurance program administration
• MGA MGU services

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Program Administration / MGA Commissions: Protector Plans operates as a Managing General Agent/Underwriter (MGA/MGU) administering property and casualty insurance programs for professionals. Revenue is generated through underwriting authority delegated by insurance carriers, earning commissions and administrative fees on written premium. The company develops and manages proprietary insurance products across niche verticals (dentists, lawyers, accountants, optometrists, podiatrists, executives) and earns fees for program management, policy service, and product development.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Protector Plans is a national Managing General Agent/Underwriter (MGA/MGU) that develops, underwrites, and administers specialized property and casualty insurance programs for niche professional markets. Core products include professional liability (malpractice) insurance for dentists, lawyers, accountants, optometrists, podiatrists, dental hygienists, dental students, and executives (D&O/EPL/Fiduciary), distributed through exclusive appointed agents and the company's own retail divisions.

Product overview

Protector Plans is a national administrator of property and casualty insurance solutions offering a portfolio of specialized professional liability insurance programs. The core offerings include the Executive Liability (PPEL) program for D&O and management liability, the Professional Protector Plan® for Dentists since 1969, Lawyer's Protector Plan (LPP) since 1983, and Professional Services Plans covering accountants, dental hygienists, dental students, optometrists, and podiatrists. The subsidiary Harold Diers & Company (acquired 2022) serves Midwest professionals. Additional programs include Wedding Protector Plan® for travel protection and Protect Professionals Claims Management for claims handling. Products are distributed through exclusive agents and appointed carriers rated A.M. Best 'A' across 22+ niche markets.

Differentiator

Problem solved

Functional benefit

Brands

• Professional Protector Plan® for Dentists: Comprehensive dental practice insurance program including professional liability, general liability, property coverage, employment practices liability, and risk management services. Serving dentists nationwide since 1969.
• Lawyer's Protector Plan
• Professional Risk Specialty Group
• Professional Services Plans
• Protector Plans Executive Liability
• Wedding Protector Plan®

Products and services

• Protector Plans Executive Liability (PPEL) Executive liability insurance offering D&O liability, employment practices liability, fiduciary liability, employed lawyers, crime, and miscellaneous professional liability coverage for private and not-for-profit risks up to $750 million in revenue/assets or 2,500 employees.
• Professional Protector Plan® for Dentists Comprehensive dental practice insurance program since 1969 offering professional liability, general liability, property coverage, employment practices liability, cyber liability, and risk management services for dentists nationwide.
• Lawyer's Protector Plan (LPP) Professional liability insurance for lawyers and law firms since 1983, offering primary, excess, and E&S lines coverage through 'A' rated carriers.
• Professional Risk Specialty Group (PRSG) Exclusive administrator for Swiss Re/Westport Insurance Corporation's Lawyers' Professional Liability Insurance Program, available in FL, LA, and SC. Operates as program manager and broker representing 'A+' rated carriers.
• Professional Services Plans - Accountants Professional liability coverage for accountants through multiple A.M. Best 'A' rated carriers, including E&O, network security, privacy protection, cyber liability, and optional coverage forms available in AZ, CA, CT, FL, GA, PA, TX, IA, NE.
• Dental Retail Division Exclusive agent for Professional Protector Plan for Dentists in Florida, Nebraska, and North Dakota offering comprehensive insurance solutions designed by dentists for dentists including general liability, property, and workers' compensation.
• Dental Hygienists Insurance Professional liability specialty coverage for dental hygienists and dental assistants through A.M. Best 'A' rated carriers, with occurrence coverage form available to both employed and self-employed professionals.
• Dental Students Insurance Student malpractice and equipment insurance for dental students in Florida, North Carolina, and South Carolina, including $1,000,000 per claim coverage for $25 annual premium and equipment coverage up to $4,000 for $100 annual premium.
• Lawyers Retail Division Professional liability insurance solutions for lawyers and law firms through PRSG in FL, LA, and SC, and the CNA Attorneys' Professional Liability program in Nebraska, with options for firms of all sizes.
• Optometrists Retail Division Full range of professional insurance products for optometrists, opticians, ophthalmologists, ophthalmic technicians, and students/faculty through A.M. Best 'A' rated carriers with Nationwide and CNA.
• Podiatrists Retail Division Podiatry-specific professional liability coverage with A.M. Best 'A' rated carriers, customizable to include Property, General Liability, Workers' Compensation, and Umbrella Coverage, available through Coverys/PPIC Podiatry Preferred program.
• Harold Diers & Company Division of B&B Protector Plans serving the professional liability marketplace since 1941, offering insurance plans for dentists, attorneys, CPAs, and podiatrists across Nebraska, Iowa, Kansas, Colorado, Missouri, Illinois, North Dakota, and South Dakota.
• Wedding Protector Plan® Travel protection coverage for honeymoons and destination weddings including Cancel for Any Reason coverage (up to 75% reimbursement), 24/7 travel assistance, and Identity Theft Resolution Services through partnership with Travel Insured International (a Crum & Forster company).
• Protect Professionals Claims Management Nationwide claims management services for professional liability customers, staffed by former practicing defense attorneys and seasoned adjusters with over 160 years of combined experience.

Quantifiable outcome

• Over 30,000 dentists insured nationwide through the Professional Protector Plan for Dentists
• +5 more outcomes

Named customers7 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered core, major and supporting.

• A.M. Best A-Rated Insurance CarrierscoreStrategic or Co-development PartnerProtector Plans works with multiple A-rated (A.M. Best rating) insurance carriers for financial strength, risk management services, and claims handling. Carriers are selected based on their financial strength ratings, service capabilities, and specialization in professional liability insurance.
• Travel Insured International (TII)majorStrategic or Co-development PartnerTravel Insured International (TII), a Crum & Forster company and leading travel insurance provider with nearly three decades of experience, partners with Wedding Protector Plan to provide honeymoon and destination wedding travel protection coverage. TII provides worldwide travel protection, emergency assistance, and 24/7 support services for covered travelers.
• HSB (Hartford Steam Boiler)supportingTechnology or IntegrationHSB, part of Munich Re, provides IoT sensor technology (Meshify Leak and Freeze sensors) integrated into the Professional Protector Plan for Dentists property insurance program. HSB monitors conditions in real-time, alerting dental offices via SMS, email, and phone when leaks or freezing conditions are detected, enabling proactive loss prevention.
• Swiss Re / Westport Insurance CorporationmajorStrategic or Co-development PartnerSince 1994, Professional Risk Specialty Group (PRSG) has acted as the exclusive administrator for Swiss Re/Westport Insurance Corporation's Lawyers' Professional Liability Insurance Program. This partnership provides professional liability coverage for lawyers in Florida, Louisiana, and South Carolina.
• CNA (Attorneys' Professional Liability)majorStrategic or Co-development PartnerHarold Diers is the exclusive representative for the CNA Attorneys' Professional Liability program in Nebraska. CNA is described as the leading provider of Lawyers Professional Liability Insurance in the United States with over 150,000 insured attorneys. CNA also offers the Paramount product with Law Firms Property Extension Endorsement.
• Hanover Insurance (CPAOnePro)supportingStrategic or Co-development PartnerHarold Diers & Company partners with CPAOnePro, underwritten by Hanover Insurance, to provide Accountants Professional Liability coverage. This program was designed by professional liability insurance experts with decades of experience working with CPA firm clients.
• Coverys / PPIC (Podiatry Preferred Professional Liability)supportingStrategic or Co-development PartnerHarold Diers & Company offers the Coverys/PPIC Podiatry Preferred Professional Liability program in Nebraska, Iowa, Kansas, Colorado, Missouri, all of Illinois except Cook County, North Dakota, and South Dakota. PPIC is rated A- (Excellent) by A.M. Best and one of the few carriers providing liability coverage to podiatrists today.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Hiscox Insurance: Hiscox is a specialty insurer and MGA with a strong US professional liability franchise across small/mid-market professionals (lawyers, accountants, consultants, tech professionals), operating with delegated authority from carriers and distributing through appointed agents—directly comparable to Protector Plans' MGA program-administration model.
• Beazley: Beazley operates Lloyd's-syndicate-anchored specialty professional liability and management liability programs for professional services firms, with delegated underwriting authority and exclusive distribution arrangements—comparable in business model to Protector Plans' MGU structure serving niche professional verticals.
• Tokio Marine HCC: Tokio Marine HCC is a specialty insurance group with several MGU/MGA platforms (e.g., HCC Specialty) providing delegated underwriting for professional, management, and specialty liability lines distributed through wholesale brokers—directly comparable to Protector Plans' MGU/PPL model for niche verticals.
• Coverys: Coverys is a medical professional liability insurer and provider of healthcare-specialty insurance programs through its Coverys/PPIC podiatry unit (already a Protector Plans carrier partner). Directly competes in healthcare professional liability MGA/program business alongside Protector Plans' dental and podiatry programs.
• CNA Financial (Hardy, Underwriting, Schinnerer): CNA is a leading US professional liability carrier with a Lawyers Professional Liability franchise insuring 150,000+ attorneys, including the CNA Attorneys' Professional Liability program where Harold Diers is the exclusive Nebraska representative. Direct competitor and partner in the lawyers professional liability vertical.
• The Doctors Company: The Doctors Company is the largest physician-owned medical malpractice insurer in the US and provides medical professional liability programs to a range of healthcare practitioners—directly comparable to Protector Plans' Professional Protector Plan for Dentists and broader healthcare professional liability franchise.
• Medical Protective: Medical Protective (a Berkshire Hathaway company) is a leading provider of medical professional liability insurance for dentists, physicians, and healthcare professionals—directly comparable to Protector Plans' flagship Professional Protector Plan for Dentists program serving dental professionals nationwide.
• ProAssurance: ProAssurance is a specialty property and casualty insurer with concentration in medical professional liability and workers' compensation for healthcare professionals—comparable to Protector Plans' niche-vertical medical malpractice franchise and platform-distribution model.
• Applied Underwriters: Applied Underwriters operates a large North American MGA platform providing specialty workers' compensation, integrated disability, and commercial liability programs through delegated authority and exclusive distribution—structurally comparable to Protector Plans' program-administration and retail-distribution model.

Broad incumbents

• AmTrust Financial Services: AmTrust operates a large MGA/MGU franchise (AmTrust at Lloyd's, Wreckcover, etc.) underwriting specialty commercial and professional liability through delegated authority, with broad exposure across multiple verticals—comparable in business model but materially larger and broader than Protector Plans.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bb-protector-plans

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Protector Plans