Zurich

The policy can be composed of three coverage parts:

1. Third-party professional liability includes defense, mediation credit and domestic and global coverage.
2. First-party professional liability that includes:

• Excess coverage of the underlying professional liability policy if the contractor incurs losses, such as cost overruns, schedule delays and rework due to the negligence of a subcontracted design professional
• The ability for an insured contractor to recover incurred losses, regardless of whether there has been a claim by a project owner or third party
• Providing difference in conditions coverage of losses to the extent that the policy is broader than the architect or engineer's underlying professional policies, subject to a self-insured retention

3. Contractor's pollution liability is available on either a claims-made or occurrence basis.

Other key enhancements include:

• Damages may include direct damages (cost to repair) and economic loss arising from professional services as part of construction means and methods
• Rectification coverage may be provided to indemnify an insured for necessary expenses incurred to correct a design defect in the works
• Mitigation of loss may be provided to indemnify an insured for necessary expenses incurred to address a pollution condition

Program options include intermediate and large deductibles, customized limits and sub-limits based on a customer's risk appetite and industry-leading capacity with liability limits up to $50 million.