The Hanover Insurance Group, Inc., has enhanced its “Architects and Engineers Advantage” professional liability product.
The Hanover said in a statement that these specialized coverages offer enhanced protection against the financial impact of claims or lawsuits resulting from allegations of negligence, malpractice, or errors and omissions, especially as new technological innovations and efficiencies continue to be used.
“These enhancements are part of our commitment to provide innovative coverages that help our partners to more effectively address the evolving needs of professionals,” said Gregory W. Leffard, the president of The Hanover's professional operation. “With many A&E professionals supporting the push to rebuild U.S. infrastructure, it's even more critical they are properly insured. This represents a competitive advantage for our partner agents and brokers as they seek to provide leading professional liability protection to their clients.”
The Hanover said that it created the following supplemental endorsements:
- Remediation expense to cover expenses incurred to remediate a design error when a firm is performing its services in a design-build or design-only capacity
- Withheld client fee assistance to cover a portion of a fee due for a firm's professional services being withheld by a client, even if a lawsuit is not filed
- Reputation protection expense to cover costs incurred for crisis management consulting services following a reputation event
- Crisis event expense to cover costs incurred for crisis management consulting services following a crisis event
- Peer review expense for costs incurred in seeking a third-party peer review of a firm's plans and specifications to help reduce the chance of design errors
- Disciplinary proceedings expense to help cover the defense costs of responding to a disciplinary proceeding brought against a firm
- Cyber privacy, security, and media liability coverage to cover the expense of responding to claims of wrongful acts in the rendering of or the failure to render professional services, resulting in a privacy, security, or cyber media breach
Learn more: hanover.com.