Contractors Professional Liability

Category: Architects & Engineers and Contractors Prof. Liability
Industry: Construction & Real Estate
Group: Cyber & Professional Lines Group

Construction and contracting professionals face potential liabilities that place them at considerable financial risk because of the type and quality of services they deliver to clients. Tokio Marine HCC – Professional Lines Group provides coverage solutions addressing allegations of negligence for the unique professional exposures a contractor faces by assuming the role of a general or specialized contractor, design / builder, construction / project / program manager and owner’s representative.

Highlights

Broad definition of Professional Services
Rectification and Mitigation Expenses Coverage
Network security and Privacy Liability coverage available
Contractors Pollution Incident Liability (optional)
Contractors Protective Indemnity (optional)
Expanded Supplemental Coverages
False Claim Act Expense Reimbursement via endorsement
Mediation deductible credit
Project or Client specific excess coverage
Waiver of Subrogation Coverage

Target Insureds

Specialized and general contractors
Design/build contractors who hire design professional firms or who have architects, engineers and design professionals on staff or subcontract out design services to other professional firms
Electrical, HVAC, mechanical, fire protection and plumbing contractors
Construction managers - agency and at risk

Summary of Coverage

The Contractors Professional Program from Tokio Marine HCC – Cyber and Professional Lines Group offers coverage for the unique professional exposures that a contractor faces. This includes the General contractor, specialized trade contractor, design / builder, construction manager, project manager, program manager and owner’s representative, as well those providing services involving building commissioning, building information modeling (BIM), value engineering, constructability review or design-assist.

Coverage is offered on a claims made and reported, duty to defend policy form with flexible limit options up to $5,000,000 on surplus lines paper.

Contract Bonds

Tokio Marine HCC realizes that every bond is as unique as the contractor that undertakes it.

Artisan General Liablity

ArtisanEdge general liability covers artisan contractors with residential and commercial exposures.

Architects & Engineers Professional Liability

Professional liability for architects, engineers, surveyors, consultants and construction managers.

Why TMHCC

Since 1986, Tokio Marine HCC - Professional Lines Group has been a leading underwriter of professional liability insurance for architects, engineers, scientists and other construction professionals. Our team consists of engineers, attorneys and insurance professionals who are focused on serving the professional liability needs of firms involved in design and construction. This hands-on experienced underwriting, combined with superior service, and claims expertise allows us to provide flexible insurance solutions to our policyholders.