About This Coverage

Providing professional services to clients - becoming deeply involved in their businesses and interested to provide the best possible advice - exposes the professionals and entities involved to lawsuits that can damage reputations, drain organizational focus and are potentially catastrophically costly. Errors and Omissions insurance is recognized as a one of the main tools to deal with this exposure.

State Eligibility


Eligible State

State Not Available

Industries Available


  • Construction

  • Transportation and Warehousing

  • Information

  • Finance and Insurance

  • Real Estate Rental and Leasing

  • Professional, Scientific, and Technical Services

  • Management of Companies and Enterprises

  • Administrative and Support

  • Educational Services

  • Arts, Entertainment, and Recreation

Coverage Limits


Up To

$15M

Minimums


  • Architects and Engineers Liability: Retentions and Premiums starting at $5,000

Key Features


ARCHITECTS AND ENGINEERS LIABILITY

60-day Automatic Coverage for Newly Created or Acquired Entities


Bilateral/Two-way tail


Blanket Waiver of Subrogation


Bodily Injury/Property Damage


Broad Definition of Insured


Broad Definition of Professional Services


Consent to Settle Provision


Coverage for Independent Contractors


Coverage for Past, Present and Future Employees


Coverage for Work Completed by Subcontractors


Duty to Defend/Pay on Behalf of Wording


Joint Venture Coverage


Mold Coverage


Punitive Damages Where Permitted by Law


Residential and/or Condo Exposures


Split Limits


Spousal Liability Coverage


Supplemental Payments


Worldwide Coverage

Preferred Classes


ARCHITECTS AND ENGINEERS LIABILITY

  • Architects
  • Construction Managers
  • Engineers, including: Acoustical Engineers, Civil Engineers, Electrical Engineers, Fire Protection Engineers, Forensic Engineers including those involved in expert witness work, HVAC Engineers, Mechanical Engineers, Plumbing Engineers, Structural Engineer
  • Interior Designers
  • Land Surveyors
  • Landscape Architects
  • Testing Labs

LAWYERS PROFESSIONAL LIABILITY

  • Law Firms > 10 attorneys Nationwide
  • Law Firms with 1- 35 attorneys in CA, CT, IL, MI, OH, VA and WA

MISCELLANEOUS PROFESSIONAL LIABILITY

  • Advertising/Marketing/Public Relations
  • Business Process Outsourcing
  • Claims Adjusters
  • Consultants
  • Printers
  • Property Managers
  • Staffing/Employment
  • Travel Services
  • Trustees

TECHNOLOGY PROFESSIONAL LIABILITY

  • Information technology service providers
  • Internet and application service providers
  • Packaged and custom software developers
  • Technology consultants
  • Telecommunications companies.
  • Website developers

Restricted Classes


Eligible Vehicle Types


Trucks

Trailers

Vans & PPVs

Liability Coverages


Underwriting Guidelines


Additional Coverage Options


ARCHITECTS AND ENGINEERS LIABILITY

  • Full Prior Acts Coverage Available for First-Time Buyers
  • Specific Job Excess
  • Project Specific Coverage
  • Ownership Interest Coverage up to 15%
  • Contractors Pollution Liability
  • Pollution Liability
  • Aggregate Retentions
  • First Dollar Defense
  • Mediation Retention Credit

Submission Requirements


  • Company Professional Liability Application
  • 3-5 Years of Loss Runs
  • Send submissions to quotes@ospreyuw.com