Profressional Liability Program Highlights - Victor O. Schinnerer & Co.

Contractors

Professional Liability Program Highlights

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Program Resources

Specifications:

Minimum Self-Insured Retention: $10,000 for general contractors

Limits: up to $10 million

Available on a non-admitted basis: In all states, the District of Columbia, and U.S. territories (U.S. Virgin Islands excluded)

Target Risks: General and design-build contractors and construction managers

Program Features:

Rectification coverage

Claims-made policies
In-house and subcontracted design services covered
Agency and at-risk construction management covered
Coverage for joint ventures with design firms
Reimbursement for legal fees and expenses up to $25,000 per policy year for ADA, FHA and OSHA actions
Failure to detect faulty workmanship of subcontractors covered
Defendant's reimbursement up to $10,000 per claim
Definition of wrongful act does not include 'negligent'
Coverage for ownership up to 49%
Expanded definition of professional services including architect, engineer, interior designer, landscape architect, land surveyor, LEED consultant and construction manager

Policy highlights in a printer-friendly format.

Related offerings

Errors & omissions - for artisan contractors

Pollution liability - for general and artisan contractors