What’s NEW in Hiscox Architects & Engineers Insurance?
We are very excited to introduce Hiscox Professional Liability Portfolio, a new product which provides ‘tailor-made’ solutions for Allied Healthcare (AHC), Architects and Engineers (A&E) and Miscellaneous Professional Liability (MPL) clients. Our Architects, Engineers and Construction Managers Insurance offers a wide range of coverage to address the risks and exposures faced from small construction managers to engineering and design build firms.
Advantages of the new A&E form within the Professional Liability Portfolio:
- Targeted, industry specific policy forms
- Standard general terms and conditions for all lines of business
- Cross selling opportunities – add GL coverage to PL policies
- Customized policy to suit your clients’ needs
- Clear, concise policy language
- Crime and privacy modules available soon
- Offers the protection necessary to allow the insured to focus on what’s important, his or her business
Who we cover:
See here for a full list of who we cover
Preferred Professions
- Licensed architects
- Design/build firms
- Licensed engineers, including but not limited to civil, electrical, environmental, industrial and mechanical engineers
- Interior designers
- Construction/Project managers
…and other professions / exposures
Will also consider
- At–risk construction managers
- Roofing consultants
- Oil/gas exposure
- Condo exposure
…and other professions / exposures
Unlikely to provide terms
- Geotechnical / Soil engineers
- Structural engineers
- Land surveyors
…and other professions / exposures
Coverage Highlights:
- Bodily injury explicitly covered for BI directly arising from performance of professional services, up to full limits
- Property damage explicitly covered for PD directly arising from performance of professional services, up to full limits
- Pollution explicitly covered for pollution directly arising from performance of professional services, up to full limits
- Defense of licensing proceedings and subpoena assistance – sublimit included as coverage enhancement, outside of limits
- Punitive damages specifically included in definition of ‘damages’, where insurable by most favorable applicable jurisdiction, up to full limits
- Personal injury expanded to cover ‘personal and advertising injury’
- Payment of claimant’s attorney fees explicitly covered as ‘damages’
- Supplemental payments up to $250 per day, up to $10,000 per claim, outside of limits
- Up to $50K in pre-claim assistance, outside of limits
- Independent contractors specifically included in definition of ‘insured’
- Mold explicitly covered with sublimit or full limits
- FHA/OSHA/ADA regulatory coverage up to $25K
- No asbestos exclusion for design professionals, construction managers and developers; no change for contractors
- Third-party discrimination explicitly covered up to full limits
- Deductible credit included in base form
Targeted industry specific forms:
- Real estate developers:
o All coverage highlights above
o Coverage includes property sales, property management and notary work in addition to the contracting and construction management disciplines
o Will consider 100% owned properties
- Contractors:
o Contractors pollution coverage
o All coverage highlights above, with exception of asbestos
Policy comparisons:
See policy comparison of old and new policy form.
Contacts
Dan Gmelin
Vice President
New York
T: 914 273 7410
E: dan.gmelin@hiscox.com
Kaitlyn Dudzinski
Underwriter
Los Angeles
T: 213 412 1230
E: kaitlyn.dudzinski@hiscox.com
Benjamin French
Assistant Vice President
Chicago
T: 312 239 6355
E: benjamin.french@hiscox.com
Scott Gold
Assistant Vice President
San Francisco
T: 415 912 1642
E: scott.gold@hiscox.com
Will Henson
Senior Underwriter
New York
T: 646 442 8287
E: will.henson@hiscox.com
Lindsey Lomax
Underwriter
Atlanta
T:404 410 2811
E: lindsey.lomax@hiscox.com
John Schoerner
Underwriter
Atlanta
T: 404 410 2812
E: john.schoerner@hiscox.com
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