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Product Highlight: Contractor's Professional Liability

The Contractor's Professional Liability insurance marketplace continues to expand and change.  Today there are over 25 domestic and foreign carriers offering some form of Contractor's Professional Liability.  From "protective" coverage to "mitigation" or "rectification" coverage, the new offerings can protect construction firms from financial loss associated with design errors resulting from services performed by subcontracted design professionals.  New Day can help you navigate the challenging and complex Contractor's Professional Liability marketplace.

 

For over seven years, New Day has been successfully assisting brokers in achieving optimal solutions that address the needs of insureds requiring Contractor's Professional Liability insurance and related risk management services.  Whether it's securing the optimal insurance solution, providing perspective on the marketplace and the available products or instructing a seminar on construction professional liability risk, New Day stands out as an invaluable resource in a very technical field of insurance. 

 

Talk to us about some of the newer developments in the marketplace, such as:

  • First party mitigation of damages coverage
  • First party protective indemnity coverage
  • LEED warranty coverage
  • BIM extra expense coverage
  • Combining Contractor's Pollution Liability coverage with Contractor's Professional Liability

New Day has successfully customized Contractor's Professional Liability programs to meet the changing needs and risks of all types of construction firms.  We encourage you to contact our staff, which includes professional engineers, geologists, attorneys and environmental engineers.  Allow the New Day team to provide some insight into the world of Contractor's Professional Liability insurance for your contractors.  

 

For more information about Contractor's Professional Liability or any of the products offered by New Day, please contact Jeff Slivka, Chief Operating Officer/ Executive Vice President and Construction Practice Leader at 609-298-3516 ext. 102 or at jeff.slivka@newdayunderwriting.com.  We look forward to the opportunity to discuss how our extensive risk management expertise can help ensure that you are offering your clients the protection they need to ensure the livelihood of their business.
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