ERRORS & OMISSIONS COVERAGE FOR ARCHITECTS AND ENGINEERS
Professionals in the Construction Industry have made significant improvements in risk management, however losses continue to occur and the severity seems to be growing.
As a result the coverage for all sizes of company has become ever more important. With this
in mind we have worked with our markets so that we are able to offer the appropriate levels of coverage and protection.
NCG Professional Risks Limited specialises in providing Professional Indemnity Insurance to a multitude of professions.
The North American Professional Liability Division at NCG is a dynamic team with a vast depth of knowledge and experience to draw upon to provide clients with the structured solution to their varied insurance requirements.
Our underwriting capacity includes both Lloyd’s and London Company market and with our long relationships and quality business production our Underwriters are keen to provide viable terms for existing and prospective customers.
Our aim is to provide an efficient and valued service in our commitment to making our clients the number one priority
Summary of coverages
- Coverage responds to allegations of professional negligence
- Claims Made and Reported Policy Form
- Pay on behalf of Policy Form
- Duty to Defend
- Prior Acts coverage (with no prior knowledge or notice) contained within the Policy Form, subject to continuous prior claims made insurance having been maintained.
- Deductibles available from $2,500
- Minimum Premiums from $2,500
- Bodily Injury / Property Damage coverage available for an additional premium
- 12 months Extended Reporting Period available for an additional premium
- Professional Services defined within the Policy Form with the ability to endorse additional activities
- Retroactive Date Inception coverage available for a reduced premium
- Limited Pollution coverage contained within the Policy Form as standard, with the ability to expand this to acts, errors or omissions arising from Professional Services
Important – this product summary is intended for guidance only and should not be taken as a definitive statement of policy terms and conditions. Full details of the coverage available will be provided upon request
Highlights
- “A” Rated Carriers
- Claims made policy forms
- Full prior acts can be considered.
- Worldwide coverage
- Limits from $100,000 to $10,000,000 or more
- Typical 24 – 48 hour turnaround
For further Information please contact:
Paul Bloomfield
Email: paul.bloomfield@ncgpi.co.uk
Telephone: +44 (0)20 7220 4361
Alan Lambert
Email: alan.lambert@ncgpi.co.uk
Telephone: +44 (0)20 7220 4369