Architects & Engineers Professional Liability Policy

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Errors & Omissions : Architects & Engineers Professional Liability Policy

Regional Contacts

Forms & Applications

Sample Policy

Application

Small Business Application

Specific Job/Client Excess Application

Renewal Application

Product Description

Professional liability protection for traditional design professional risks - architects, engineers, land surveyors and construction managers - for losses arising from negligence, errors and omissions in the performance of professional services
Claims made and reported policy with circumstance reporting provision
60-day Automatic Extended Reporting Period and Three-Year Optional Extended Reporting Period

Product highlights include:

Admitted paper available in most states
Free Pre-Claim Assistance
Primary and excess coverage available
Project policies
Specific project excess limits
Worldwide territory
Contractors Pollution Liability (CPL)
Supplemental coverages for pre-claims assistance: ADA, FFHA and OSHA fines sanctions or penalties; and insured expense and loss of earning reimbursement
Broad professional services definition
Blanket additional insured status for all clients of Named Insured under (CPL)
Innocent Insureds Coverage
Joint Venture Coverage
Predecessor firm coverage
Automatic subsidiary coverage up to 90 days
60-day Automatic Extended Reporting
Three-Year Optional Extended Reporting Period
Claims-Made coverage with Circumstance Reporting
Punitive damages with most favorable venue
Claims Mediation credit up to $25,000
Supplemental coverage for Insured expense reimbursement $300 per/day
No lead or asbestos exclusion

Minimums

Minimum Premium: $2,500
Minimum Retentions: $2,000

Limits

Up to $15 million

Typical Client Profile

U.S. domiciled architects, engineers, design/build and construction management firms legally qualified to engage in the design of traditional building construction, infrastructure and land development. Focusing on primary placements for small to mid-sized firms. Large firms will be considered on an excess basis. Project-specific placement may be considered on a primary and excess basis, with primary placements focusing on projects with construction values less than $40 million.

Targeted design professionals include:

Architecture
Civil Engineers
Communication Engineers
Construction management (Agency or Advisory)
Electrical Engineers
Forensic Engineers
HVAC Engineers
Land Surveyors
Landscape Architecture
Interior Designer/Space Planning
Land Planners
Mechanical Engineers
Master Planning
Traffic/Transportation Engineers
Technical Consultants

Restricted Classes or Industries

Condominiums/Townhouses (multi-unit residential with Homeowners Associations)
Marine, Mining, Petrochemical, K-12 education
Product design, fabrication or erection
Hazardous waste remediation, lead and asbestos abatement, nuclear
Sport complexes: arenas, stadiums

Key Competitive Advantages

Claims and underwriting expertise
Flexible underwriting approach
Regional offices provide customers countrywide access to underwriters knowledgeable about local issues
Dedicated small business underwriting unit for firms with < $5 million annual fees
Contract review services
Financial Strength: ACE USA consistently receives among the highest ratings for financial strength from the industry's principal rating agencies

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