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COVERAGE HIGHLIGHTS
This facility provides coverage for liability arising out of a negligent act, error or omission in rendering professional services. This facility is for small, medium and large size risks as follows:
Construction Managers
General Contractors/Construction Managers
Design/Build and Turnkey Contractors
POLICY HIGHLIGHTS
| A) |
Covers Named Insured and employees of the Named Insured while acting within the scope of their duties.
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| B) |
“Prior Acts” Coverage is provided for Insureds who have carried continuous professional liability insurance. For other eligible applicant’s, “prior acts” coverage is available at an additional premium.
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| C) | Broad Policy Form. |
| D) |
Professional Activities Endorsement providing broad coverage for Construction Managers and Design/Build.
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LIMITS OF LIABILITY
Up to $2,000,000 (each claim) / $2,000,000 (annual aggregate for all claims). This limit is inclusive of all legal, investigative, and defense costs. Higher limits available via our Excess Professional Liability Facility.
MINIMUM PREMIUM
$6,000
COMMISSIONS
Good commission allowance. Please contact us for details.
UNDERWRITING INFORMATION REQUIRED
| A) |
Design/Build and Construction Managers Application fully completed, signed, and currently dated by the applicant. PUA
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| B) |
Attachments requested in Questions 29-33 of the PUA Design/Build and Construction Managers Application.
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SPECIAL NOTES
| This facility is offered to eligible insurance brokers on a surplus lines basis in all states. Brokers are responsible for filing appropriate forms and collection and payment of surplus lines tax in the state. |
SCHEDULE OF INSURERS
Lloyds of London (U.K.)
Financial information available upon request.
ADDITIONAL INFORMATION
| A) | Prompt quotation turnaround by PUA. |
| B) | Prompt policy issuance by PUA. |
| C) | Efficient claims handling services provided by PUA. |
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