Professional Liability Insurance Services

What Professional Liability Insurance Services does

Professional Liability Insurance Services, Inc. (PLIS) is a privately-held specialty Managing General Agency and Lloyd's of London Coverholder founded in 1983 and headquartered in Lago Vista, Texas. The firm underwrites and distributes a portfolio of niche insurance products exclusively through licensed wholesale insurance brokers and agents, never directly to end insureds. Coverage is backed by binding authority agreements with Lloyd's underwriters, and PLIS additionally operates as a Surplus Lines Agency, General Agency, and Underwriting Program Administrator with broker status in multiple U.S. states and Canada. Headcount is reported in the 11-50 range.

PLIS's product set spans seven specialty lines: Trade Name Restoration (TNR®) — business-interruption coverage for restaurants and hospitality following food-borne illness events, pioneered by PLIS in 1998 and now supporting up to $120M of capacity per trade name; Workplace Violent Act (WVA) coverage for active-shooter and violent-incident losses up to $50M aggregate, launched in 2018; Employment Perils Coverage / Employment Practices Liability (EPC-EPLI) since 1997; a Miscellaneous Errors & Omissions product covering 230+ professional classes; sector-specific Insurance Agents E&O and Vineyard & Farm E&O products; and Recall Crisis Recovery Plus (RCR+) for food, beverage, and consumer-goods manufacturers. Underwriting is supported by a broker portal (portal.plisinc.com) that delivers instant online indications, an in-house claims department, and an exclusive crisis-management alliance with Specialty Risk Management (SRM) that has reportedly contained over 95% of food-borne illness events before they reached the media.

Revenue is generated through insurance premiums earned under the firm's Lloyd's binding authorities, with pricing set on a per-risk underwriting basis by PLIS underwriters and distributed quote-by-quote through broker partners — no public tiers, and no disclosed revenue figure. The go-to-market is two-pronged: a self-serve broker portal for instant indications plus direct phone and email access to live underwriters for education, manuscript policy flexibility, and complex placements. Customer segments span restaurants and hospitality, insurance agents and brokers, farms and vineyards, employers across sizes, and consumer-goods manufacturers, all reached indirectly through licensed producer channels.

Name

Professional Liability Insurance Services

Legal name

Professional Liability Insurance Services, Inc.

Website

https://plisinc.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

PLIS is a privately-held, Lloyd's of London Coverholder Managing General Agency founded in 1983 in Lago Vista, Texas, underwriting specialty niche insurance — including food-borne illness business interruption, workplace violence, EPLI, recall crisis recovery, and E&O for 230+ professional classes — exclusively through licensed wholesale insurance brokers and agents.

Ownership category

akta.pro rank

Product category

Specialty Professional Liability Insurance

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Carriers and Related Activities (524)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Professional Liability (E&O) (FSAJAGAC)

akta.pro secondary industries

Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD), Professional Liability (Errors & Omissions) (FSAJADAB)

Keywords

• Specialty niche insurance
• Professional liability coverage
• Managing general agency
• Errors and omissions insurance
• Lloyd's coverholder underwriting

Headquarters

HQ city

Vista

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 Premium Revenue: PLIS operates as a Managing General Agency (MGA) and Lloyd's of London Coverholder. The company earns revenue by underwriting specialty niche insurance products and binding authority from Lloyd's underwriters. Premium revenue is generated across multiple product lines including E&O, Employment Practices Liability, Workplace Violent Act, Trade Name Restoration, and Recall Crisis Recovery.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Professional Liability Insurance Services (PLIS) operates as a Managing General Agency and tribunalized Lloyd's of London Correspondent/Coverholder that underwrites and distributes specialty niche insurance products exclusively through licensed insurance brokers and agents. Its portfolio covers food-borne illness business interruption (Trade Name Restoration), workplace violent act, employment practices liability, miscellaneous errors and omissions across 230+ professional classes, insurance agents E&O, vineyard and farm E&O, and product recall coverage.

Product overview

Professional Liability Insurance Services (PLIS) operates as a Lloyd's of London underwriting facility and coverholder offering a portfolio of specialty niche insurance products. The product portfolio includes Trade Name Restoration (TNR®) as the flagship food borne illness business interruption product since 1998, Workplace Violent Act (WVA) coverage since 2018, Employment Perils Coverage (EPC-EPLI) since 1997, and multiple Errors & Omissions lines covering 230+ professional categories including Insurance Agents E&O and Vineyard & Farm E&O, plus Recall Crisis Recovery PLUS for product recall events. PLIS provides both primary and excess coverage with the ability to manuscript policies and endorsements to fit specific client situations.

Differentiator

Problem solved

Functional benefit

Brands

• Trade Name Restoration (TNR®): Business Interruption Insurance for the Restaurant/Hospitality Industry covering food borne illness events.
• Workplace Violent Act (WVA)
• Employment Perils Coverage (EPC-EPLI)
• Recall Crisis Recovery Plus (RCR+)
• Vineyard & Farm E&O

Products and services

• Trade Name Restoration (TNR) Business interruption insurance for restaurants and hospitality businesses that reimburses loss of business income and extra expenses following accidental or malicious contamination or food-borne illness events such as Hepatitis A, E. coli, Salmonella, Norovirus, and Listeria. Available market capacity up to $120,000,000 per trade name.
• Workplace Violent Act (WVA) Standalone active shooter and violent act coverage providing first and third-party protection including business interruption, property damage, incident response expenses, third-party bodily injury liability, and crisis response with 24/7 support and aggregate limits up to $50,000,000.
• Employment Perils Coverage / Employment Practices Liability (EPC-EPLI) Liability insurance protecting employers and business owners against claims or lawsuits alleging violation of employment law, including discrimination, retaliation, wrongful termination, harassment, and wage and hour violations.
• Miscellaneous Errors & Omissions (E&O) Liability coverage protecting individuals and entities from claims of negligence or failure to perform professional services for a fee, available for 230+ professional categories including insurance sectors, financial services, employee-related services, health and beauty, and medical support services. Limits available up to $2M/$4M for qualified risks.
• Insurance Agents Errors & Omissions Specialized E&O coverage for insurance agents, brokers, adjusters, investigators, and consultants facing daily errors and omissions exposures in placing coverage, advising clients, and processing policies, with limits up to $2M/$4M+ for qualified risks.
• Vineyard & Farm Errors & Omissions E&O liability coverage specifically designed for vineyard managers, winemakers, farm operators, agricultural consultants, and related service providers including agrilabs, food-grade chemical applicators, event planners, and landscape designers.
• Recall Crisis Recovery PLUS (RCR+) Product recall insurance for food, beverage, and consumer goods manufacturers providing reimbursement for business interruption and extra expenses including crisis management, product rehabilitation, and recall expenses such as public relations, additional staff, and transportation following accidental or malicious contamination.

Quantifiable outcome

• Over 95% of food-borne illness events are controlled before becoming media events through SRM crisis management
• +3 more outcomes

Segments7 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

Two partnerships are on record, tiered core.

• Lloyd's of LondoncoreStrategic or Co-development Partner · 1 January 1983PLIS operates as a tribunalized Lloyd's of London Correspondent with multiple binding Authority Agreements. The company holds binding authority from Lloyd's underwriters to underwrite specialty niche insurance products including Employment Practice Liability, Miscellaneous E&O, Workplace Violent Acts Insurance, Trade Name Restoration, and Recall Crisis Recovery Plus. Coverage for all products is provided by certain underwriters at Lloyd's.
• Specialty Risk Management (SRM)coreStrategic or Co-development PartnerSRM provides exclusive crisis management and loss control consulting services to PLIS policyholders. Since 1997, SRM has provided 24/7 crisis hotline, outbreak response, media management, regulatory agency coordination, and recovery support. SRM has maintained over 95% success rate controlling food-borne illness events before they become media events. Services include loss control, customer complaints, professional standards, and risk management guidance.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Amwins: Largest U.S. wholesale insurance distributor with significant specialty E&O and binding-authority operations; competes for the same broker-distributed specialty accounts PLIS targets.
• Tokio Marine HCC: Large specialty insurance group operating multiple MGAs and binding-authority facilities, overlapping PLIS's E&O, professional liability, and Lloyd's-style binding-authority model.
• Crum & Forster: Specialty P&C insurance group with admitted and surplus-lines capability for professional and management liability — overlapping PLIS's specialty book via broker distribution.
• Markel: Specialty insurer with established professional liability, management liability, and crisis response practices; a broader incumbent competing for the same specialty broker-distributed risks PLIS targets.

Regional players

• CRC Group: Wholesale broker and MGA platform distributing specialty professional lines — competing for placement of niche E&O and management liability accounts alongside PLIS.

Direct peers

• Beazley: Lloyd's-based specialty carrier with strong franchises in professional liability, crisis management, and management liability, overlapping PLIS's EPL, E&O, and crisis-response product set.
• Ascot Group: Specialty insurer and Lloyd's lead with significant U.S. E&O, management liability, and crisis-event underwriting — a direct competitor for PLIS's broker-distributed specialty programs.
• Hiscox: Specialty insurer and Lloyd's syndicate heavily focused on professional liability and small commercial E&O distributed through brokers — directly comparable to PLIS's Misc E&O and Insurance Agents E&O lines.

Emerging players

• Cinchco / Founder Shield: Digital-first specialty MGA targeting professional liability for emerging verticals — comparable to PLIS in broker-distributed specialty E&O but differentiated by modern tech stack and direct distribution.
• RPS (Risk Placement Services): Large wholesale broker and binding-authority platform that places and sometimes underwrites specialty professional lines — a channel competitor and potential partner to PLIS brokers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 Professional Liability Insurance Services