Where do you turn to cover the architects in your community? Did you know you have access to comprehensive professional liability coverage for architects, engineers and surveyors on Big "I" Markets?
CBIC Design Professionals Insurance, an RLI Company, provides comprehensive professional liability coverage for architects, engineers and surveyors. CBIC has extensive knowledge in the professional services and construction industries, so when you work with a CBIC underwriter, risk manager or claim manager, you're talking to a veteran who has both the expertise to understand a firm's needs and the authority to get the job done.
Policy features include:
- Defendants' reimbursement of expenses: $500 per day subject to $12,500 maximum (reimbursement applies on day one)
- ADA/FHA/OSHA regulatory or administrative action reimbursement: $30,000 per policy period
- Free pre-claims assistance
- Disciplinary proceedings reimbursement: $5,000 per proceeding
- Definition of "insured person" includes temporary or leased personnel and retired personnel
- Predecessor firm coverage, including joint ventures
- Worldwide coverage
- Liberalization clause
- Blanket waiver of subrogation provision
- Punitive damages extension where allowable by law
- 50% deductible mediation credit: subject to a $12,500 maximum
- Automatic 90-day coverage for acquired or merged entities
- Five-year extended reporting period
- Innocent insured provision
- Consent to settlement provision: 50/50 co-share between "insured" and "insurer"
- 60-day automatic extended discovery period
- Automatic excess coverage for separately insured projects
- Management pack enhancement endorsement (directors & officers, fiduciary and employment practices liability insurance coverages)
- High self-insured retention program (Top & Drop)
CBIC has offered a consistent, reliable admitted market since 1979. Enjoy outstanding service and efficient claims handling while offering your clients coverage from a carrier rated A+ (Superior) by A.M. Best.
Learn more by logging in to Big "I" Markets and selecting Big "I" Architects & Engineers Professional Liability by CBIC an RLI Company from the commercial products menu.