An errors and omissions (E&O) insurance application gathers detailed business and coverage information to assess professional liability risk and issue policies. Feathery’s AI automatically extracts structured data including applicant and business details, requested effective and retroactive dates, entity type, and licensing information. It also captures descriptions of professional services, employee counts, subcontractor usage, and requested liability limits with corresponding deductibles or retentions. The system reviews prior coverage, identifies any lapses, and discloses claims history, disciplinary actions, and awareness of potential future claims.
By digitizing financial details such as annual gross revenue and aligning prior acts coverage with risk history, Feathery streamlines underwriting, reduces manual review, and ensures accurate risk evaluation. This automation helps insurers and brokers deliver faster quotes, improve compliance, and provide comprehensive professional liability coverage for businesses across industries.