Claims are an inherent part of the construction
industry and many are unfounded due to the unrealistic expectations of
customers.
Owner-clients require design professionals to provide
evidence of Professional Liability Insurance as a contractual requirement.
Make sure your Design Professional clients have a
policy to protect themselves from an expensive, time-consuming claim that
could damage their reputation.
We are actively placing insurance with A.M. Best “A”
Rated Admitted and Non-Admitted carriers for a wide range of organizations,
from standard architectural firms to unusual engineering firms. Classes
include but are not limited to:
|
◊ |
Architects – Residential &
Commercial |
|
◊ |
Landscape Architects |
|
◊ |
Design/Build Coverage |
|
◊ |
Construction/Project
Management |
|
◊ |
Interior Designers |
|
◊ |
Land Surveyors |
|
◊ |
Traffic Engineering |
|
◊ |
Civil Engineering |
|
◊ |
Mechanical Engineering |
|
◊ |
Electrical Engineering |
|
◊ |
HVAC Engineering |
|
◊ |
Acoustical Engineering |
|
◊ |
Forensic Engineering |
|
◊ |
Specialty Engineering |
|
◊ |
Communication Engineering |
Coverage features available for eligible accounts:
|
◊ |
Personal Injury Coverage |
|
◊ |
Joint Venture Coverage |
|
◊ |
Punitive Damages (where
allowable by law) |
|
◊ |
Pollution & Asbestos
Coverage (for claims arising out of professional services) |
|
◊ |
Broad “Professional
Services” definition |
|
◊ |
“Innocent” Insured
Coverage |
|
◊ |
Complimentary Risk
Management & Loss Prevention Services (including contract
review) |
|
◊ |
Primary & Excess Limits |
|
◊ |
Split limits available |
|
◊ |
First Dollar Defense
Option available on certain risks |
|
◊ |
Mediation Deductible
Credits |
|
◊ |
Prior Acts Coverage
available (if eligible) |
|
◊ |
Loss of Earning & Expense
Reimbursement |
|
◊ |
Automatic 60 day discovery
period on most policies |
|
◊ |
No deductible for claim
expense on pre-claim circumstances |
|
◊ |
No Cost Estimates
Exclusion |
|
◊ |
Coverage for Equity
Interests |
|
◊ |
Defendant reimbursement
coverage – up to $300 per day and $7,500 per claim |
|
◊ |
Automatic coverage for
leased personnel under your direct supervision and retired
principals while acting as a consultant to you |
Contact:
Meryl
Schultz, Senior Associate Broker
mschultz@rfoins.com
Tel: (201)
964-9881 – Ext. 106
Fax: (201)
964-9889