- 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.
- 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.