Aon launches professional liability risk analyzer for law firms

Aon has launched its Professional Liability Risk Analyzer, a tool that helps law firms quantify potential losses and assess how different insurance structures would respond.

The analyzer combines firm-specific exposure data and historical loss experience with proprietary modeling built on Aon’s 30-year lawyers’ professional liability claims database. It simulates the probability and severity of potential losses, then applies different insurance structures to show how retentions, limits and coverage could perform.

Firms can use the tool to identify where policy limits may be exhausted, assess accumulated retained losses and compare the cost and protection offered by different program designs.

The tool is part of Aon’s broader Risk Analyzer suite. Aon is expanding it to other professional services sectors, including accounting and consulting firms.