Professional Risks

auto-renewal FAQ

Rate increases will begin in October for our Professional Risks non-admitted auto-renewal book, which consists of Allied Healthcare, Architects & Engineers, and Miscellaneous Professional Liability accounts with premiums under $30k.

If your insured has a Professional Risks non-admitted auto-renewal policy, you will now receive renewal terms 60 days prior to expiration to give you extra time to review with your client.

Frequently Asked Questions (FAQ)

Read our FAQ below to help answer any questions you may have.

What classes of business will be impacted?

Professional Risks non-admitted auto-renewal policies, which include Allied Healthcare, Architects & Engineers, and Miscellaneous Professional Liability accounts with premiums under $30k. Admitted auto-renewal policies are not impacted at this time.

When will this start impacting my insured’s renewals?

The change will begin with auto-renewals in the third week of October.

How much should I expect my insured’s rate to increase by?

Rate increases will range from 0% to 10%, but most policies will not exceed 6% and vary by product and class of business.

How will I know if my insured's auto renewal is impacted?

The auto-renewal solicitation will state that the insured’s renewal policy may be subject to a premium rate increase even if current policy terms stand. Your renewal terms will confirm whether or not a rate change was applied.

When will I receive a renewal solicitation notice?

You will receive a renewal solicitation notice 90 days prior to expiration. The renewal solicitation will inform you if the policy is eligible to auto-renew.

When will I receive renewal terms?

60 days prior to expiration. We have decided to release renewal terms an extra 30 days earlier to give you extra time to review with your client.

Will more classes in the auto-renewal book be subject to rate increases in the future?

It is possible that rates to additional classes will change, however, it is not our plan to materially disrupt our auto-renewal policyholders. We commit to notifying brokers in advance so that you are informed and can communicate the change to your client.


This broker communication is for informational purposes only. The coverage afforded by the products described herein is subject to and governed by the terms and conditions of each policy issued. This information may not be used to modify any policy that might be issued. This information is provided to assist in understanding the coverage we offer and does not modify any insurance policy, nor does it imply that any claim is covered. Coverage is made available through Hiscox Inc. d/b/a Hiscox Insurance Agency in CA, which is licensed in all states. The products described are underwritten either by Hiscox Insurance Company Inc., a Chicago-based insurer that is licensed in all 50 states and DC, or a Hiscox Syndicate at Lloyd’s, London, which is available on a surplus lines basis through licensed surplus lines brokers. The publication and delivery of this information is not intended to be a solicitation by Lloyd’s for the purchase of insurance on any US risk.