The policy can be composed of three coverage parts:

Third-party professional liability includes defense, mediation credit and domestic and global coverage.
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.

Special Reports /

Zurich introduces enhanced professional liability policy

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