Coverage

• Third party liability coverage:
  • Arising from liabilities incurred as a result of professional activities undertaken by either a member of the insured's own design team or by a sub-contractor appointed by the insured
  • For pollution conditions arising from the performance of contracting services performed by the insured or by a sub-contractor, extending to transportation pollution liability and non-owned disposal site pollution liability
  • A microbial condition arising out of a completed operations hazard
  • Arising from technology or advertising acts.
• First party indemnity:
  • Rectification costs - for costs incurred prior to handover of a project in rectifying defects arising out of professional services by the insured or its subcontractor
  • Emergency cleanup costs - as a result of a pollution condition arising from the performance of contracting services by the Insured or by its subcontractor
  • Privacy breach response services - including forensic, legal, call centre, notification, breach resolution and mitigation services.
• Supplementary payments
  • Defendants reimbursement
  • Disciplinary/regulatory/administrative actionsreimbursement
  • Reputation management reimbursement
  • Subpoena expenses.

Coverage enhancements

• Knowledge date - continuous coverage where the insured renews with Beazley
• Softened hammer clause - 50/50
• Asbestos and lead paint coverage
• Financial loss for claims arising from professional services relating to means and methods/temporary works
• Contractor's pollution liability coverage for the Insured's client as an additional insured under the policy while performing services on behalf of the named insured
• Mediation credit - 50% of deductible to $25,000
• Equity interest coverage - up to 25%
• Waiver of Subrogation against the insured's clients where contractually required
• Worldwide territory for Canadian domiciled firms.

Appetite and target market

Annual renewable practice policies:

• Primary and excess
• Limits up to $5M
• Construction revenues to $250,000,000
• Broad underwriting appetite including but not limited to artisan contractors; civil engineering; manufacturing; telecommunications; general construction; interior design and refurbishment; oil & gas; power generation and distribution, mechanical, electrical and HVAC contractors. We seek to avoid specialist subcontractors working in the fields of soils, piling and building envelope systems.