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Zurich introduces enhanced professional liability policy

Zurich's enhanced professional liability policy is targeted at mid-sized and large construction customers.

By staff Writer | Updated on August 17, 2010

Zurich has introduced an enhanced professional liability policy aimed at mid-sized and large construction customers.

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.

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