Overview

• Carrier A.M. Best Rating: "A" XV.

• Revenue Size: Firms up to $60,000,000 in professional services revenues.

• Limits Available: $5,000,000 each occurrence/$5,000,000 in the aggregate.

• Primary or Excess Capabilities

• Minimum Premium: $3,500.

• Minimum Deductible: $2,500.

• States: All States other than Hawaii.

• Eligibility: Architects, Civil Engineers, Construction Managers, Electrical Engineers, Environmental Consultants, Forensic Engineers, HVAC/Mechanical, Land surveyors, etc.

• Policy Form Features:

  1. Includes Design Professional Liability and Contractors Pollution Liability.

  2. Provides coverage for Pollution Conditions arising from Professional services and Contracting Services.

  3. 50% mediation credit, up to $25K.

  4. No mold, asbestos or pollution exclusions.

  5. Up to a 3-year ERP.

  6. Worldwide coverage.

  7. Waiver of Subrogation.

  8. Additional Insured (where required by contract).

  9. Softened Hammer Clause.

  10. Supplementary defendant reimbursement.

  11. Supplementary disciplinary/administrative proceedings reimbursement.

  12. Broad definition of Professional Services which includes architecture, engineering, land surveying, landscape architecture, interior design, construction management, environmental consulting, or technology services which includes: software design, development, programing, analysis, training, use, support, management and maintenance.

  13. Network Security Sub Limit (available via separate endorsement).

Recent Wins

• Petro Chemical industry risk in NJ specializing in providing reports for turnaround capital construction, operation, and maintenance projects and planning. We provided a $2M limit including blanket contractual, primary wording, and policy territory endorsements as required by contract.

         Premium: $45,000​

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• Engineering firm in TX providing design and implementation of integrated baggage handling systems, checked baggage inspection systems, and security screening checkpoint systems. We were able to provide a $5M limit as expiring.

         Premium: $115,000

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Supplemental Applications