What we offer
We have a dedicated Design/Build Contractors form that can be tailored to meet the needs of both US and Canadian domiciled risks.
- Design Build & Contractors professional liability
- Contractors pollution liability
- Contractors Microbial Condition Liability
- Technology based services & products
- Computer network security and privacy liability
- Multimedia and advertising
- Rectification coverage available
- First Party Cyber coverage available (Beazley Breach Response)
- Worldwide territories
Limits up to $5m, $10m available for select opportunities.
Minimum premiums start at $3,500.
How can we help
The Construction industry is like no other. Its insurance needs are distinct and unusual. That is why Beazley has a London market team of underwriters that specialise in the professional liability needs of architects, engineers, contractors and design build firms of construction projects. With over 30 years of experience in the architects, engineers and construction space Beazley has gained a wealth of knowledge and expertise. With a reputation for exceptional service and an extensive database of information to track claims trends. At the heart of our approach is the in depth knowledge that our integrated underwriting and claims team has of the construction sector. This combined with the level of empowerment and flexibility allows them to provide bespoke solutions to clients.
Who we can help
- Contractors – general contractors, trade contractors and specialist contractors.
- Design build – for traditional Design/Build construction firms as well as customised & engineered products i.e. equipment/machinery.
- Coverholders/Programs – appetite for creating new A&E programs or new contractors E&O programs and delegating authority to coverholders where there is a proven track record, new product or superior distribution.
- Association business – we will look at bespoke wordings and rates for members.
Where Is This Offered?
US and Canadian domiciled risks
The Beazley Difference
Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.
STRIVING FOR BETTER
Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.
DOING THE RIGHT THING
Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.
Examples or Scenarios
The insured was employed to design and install a ventilation system in an industrial soup kitchen. The insured hired a sub-contractor to design the system. As part of the cooking process, industrial sized kettles are used. It was alleged that the steam being created by the kettles was not being vented correctly, causing condensation to form which was then dripping back in to the kettles. This presented a health concern and reduced operational capacity from 4 cooking units to 2 cooking units. As the sub-contracted design engineer did not carry E&O, the insured was held legally responsible under the vicarious liability provision of the policy and had to pay the damages.
Our insured, a construction management firm, was responsible for the management of multiple subcontractors on a project. During construction, a change order was issued by the prime architect. The insured failed to coordinate, manage and report changes to the owner and the sub-contractors which resulted in project delays and contingent business interruption damages. As the insured made an error during the course of their professional services, the policy responded covering the costs and damages associated with the delay.