OneBeacon Insurance Group Design Professionals Liability Overview
undefined
ONEBEACON INSURANCE GROUP
DESIGN PROFESSIONALS LIABILITY
1
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Discussion Points:
OneBeacon Insurance Group Financial Strength
Design Professionals Liability Program Overview
What Differentiates Us in the Marketplace
2
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
OneBeacon Insurance Group Financial Strength:
A.M. Best “A” Excellent (Class XI)
AM Best Number 002196
Invested Assets - $2,364.9B
Total Assets - $5,211.6B.
ASIC Paper – NAIC code 27154
OneBeacon Insurance Group has insurance roots that go back 140
years to the Potomac Fire Insurance Company.
3
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Design Professionals Liability Program Overview:
Architects and Engineers
Contractors Professional and Pollution
Constructor and Construction Managers
Follow Form Excess
4
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Architects and Engineers:
Up to $5,000,000 in limits
Admitted and Non-admitted paper
Primary, project and client specific coverage available
Excess project and client specific coverage available
5
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Architects and Engineers Underwriting Criteria:
General Firm Program - $150,000 or greater weighted
average gross receipt firms with $5M/$5M limit cap.
Small Business Program - $150,000 to $1,000,000
weighted average gross receipt firms with $2M/$2M limit
of liability cap.
6
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Architects and Engineers Underwriting Criteria:
E
l
i
g
i
b
l
e
R
i
s
k
s
A
r
c
h
i
t
e
c
t
s
C
i
v
i
l
E
n
g
i
n
e
e
r
s
E
l
e
c
t
r
i
c
a
l
E
n
g
i
n
e
e
r
s
M
e
c
h
a
n
i
c
a
l
E
n
g
i
n
e
e
r
s
Landscape Architects
Interior Designers
Technical Consultants
Design/Build
Sustainable Design
Structural Engineers
Construction Managers (Agency and At-Risk)
7
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Architects and Engineers Underwriting Criteria:
R
e
s
t
r
i
c
t
e
d
R
i
s
k
s
G
e
o
t
e
c
h
n
i
c
a
l
E
n
g
i
n
e
e
r
s
E
n
v
i
r
o
n
m
e
n
t
a
l
E
n
g
i
n
e
e
r
s
Nuclear Engineers
Material or Soil Testing Firms
Engineers Process Engineers
Firms fabricating materials
Product Design
Home Inspectors
Laboratories
EIFIS/Curtain Walls/Stucco
Residential Development Services/Projects
Hazardous Material, Inspection or Abatement firms
8
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Contractors Professional Lability:
N
o
n
-
a
d
m
i
t
t
e
d
p
a
p
e
r
G
e
n
e
r
a
l
F
i
r
m
s
1.
Gross Revenues (or Construction Revenue plus Professional Fees) $3,000,000 to
$80,000,000.
2.
Limits requested are not less than $250,000 or greater than $2,000,000/$2,000,000.
3.
Self-Insured Retention requested is not less than $2,500.
S
m
a
l
l
B
u
s
i
n
e
s
s
1.
Gross Revenue (or Construction Values plus Professional Fees) less than
$3,000,000 and no greater than $8,000,000.
2.
Limits of Liability - $1M/$1M
3.
Requested SIR less than $2,500K
N
o
F
o
r
e
i
g
n
W
o
r
k
9
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Contractors Professional Lability:
R
e
s
t
r
i
c
t
e
d
C
l
a
s
s
e
s
G
e
o
t
e
c
h
n
i
c
a
l
E
n
v
i
r
o
n
m
e
n
t
a
l
Nuclear
Material or Soil Testing
Residential Development Co.’s
Home Inspection/Inspectors
Laboratories
EIFIS/Curtain Walls/Stucco
Real Estate Developers
Railroad
Roofing
Material Fabricators
Naval
Project Operations
Product design and/or sales
Project financing
Site clearing and tree removal.
Landfills
Nuclear/Atomic Power
Offshore Oil Rigs
Superfund Sites
New Construction of Arenas, Convention Centers and/or Stadiums
Hazardous Material Inspection or Abatement
Surveying (residential developments)
10
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Constructors and Construction Managers:
Up to $5,000,000 in limits
Non-admitted paper
Primary, project and client specific coverage available
Same Eligible and Restricted Classes as ANE product
11
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Excess Policy:
Up to $5,000,000 in limits
Admitted and non-admitted paper
Follow Form
No Ability to Drop Down
Same Eligible and Restricted Classes as ANE product
12
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Product Coverage:
No pollution exclusions
Pollution coverage for conditions from professional services
Coverage for technology exposures
Mediation credit
Sustainable Design Credit
Preferred Counsel endorsement
Worldwide coverage
2 year policies available for certain firms
Supplementary Payment subpoena reimbursement
Crisis Management Endorsement available for certain firms
13
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Claims Handling:
Every notice receives a case number.
Dedicated DPL claims counsel assigned.
Discussion with Insured, Insured’s Counsel and Broker by dedicated DPL
claims counsel within 24 hours of the notice of receipt.
Pre-claims assistance.
Supplementary payments provisions.
No hammer clause.
No underwriting penalty for reporting.
14
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Risk Management:
DPL E-Newsletter
On-site risk management seminars available to some firms
Claim Scenarios available
Risk management and professional liability coverage agreement
reviews – 24 hour turn around time.
Broker webinars
Broker lunch/breakfast and learns
15
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Underwriting Team Expertise:
Construction Industry experience
ANE broker experience
Over 100 years of combined insurance industry experience
with a focus on design professional liability
Decision making authority
Dedicated producer underwriter
16
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Underwriting Team:
B
e
t
h
G
o
o
d
r
i
c
h
,
A
s
s
i
s
t
a
n
t
V
i
c
e
P
r
e
s
i
d
e
n
t
-
2
5
y
e
a
r
s
p
r
o
f
e
s
s
i
o
n
a
l
l
i
a
b
i
l
i
t
y
e
x
p
e
r
i
e
n
c
e
.
D
i
r
e
c
t
o
r
o
f
t
h
e
S
m
a
l
l
B
u
s
i
n
e
s
s
P
r
o
g
r
a
m
.
7
8
1
-
3
3
2
-
9
7
4
1
o
r
b
g
o
o
d
r
i
c
h
@
o
n
e
b
e
a
c
o
n
.
c
o
m
.
B
r
e
t
t
F
o
w
l
e
r
,
R
P
L
U
,
A
s
s
i
s
t
a
n
t
V
i
c
e
P
r
e
s
i
d
e
n
t
.
1
8
y
e
a
r
s
o
f
e
x
p
e
r
i
e
n
c
e
i
n
t
h
e
i
n
s
u
r
a
n
c
e
i
n
d
u
s
t
r
y
.
M
a
n
a
g
e
r
o
f
t
h
e
D
P
L
w
h
o
l
e
s
a
l
e
b
o
o
k
o
f
b
u
s
i
n
e
s
s
.
8
6
0
.
3
2
1
.
2
6
3
3
o
r
b
f
o
w
l
e
r
@
o
n
e
b
e
a
c
o
n
.
c
o
m
.
A
m
i
J
a
s
t
r
z
e
m
s
k
i
,
M
a
s
t
e
r
U
n
d
e
r
w
r
i
t
e
r
.
F
o
r
m
e
r
p
r
o
f
e
s
s
i
o
n
a
l
l
i
a
b
i
l
i
t
y
b
r
o
k
e
r
.
D
P
L
’
s
S
o
u
t
h
e
a
s
t
t
e
r
r
i
t
o
r
y
u
n
d
e
r
w
r
i
t
i
n
g
m
a
n
a
g
e
r
.
7
8
1
.
3
3
2
.
9
4
7
2
,
o
r
a
j
a
s
t
r
z
e
m
s
k
i
@
o
n
e
b
e
a
c
o
n
.
c
o
m
.
J
o
s
e
l
u
i
s
C
o
v
a
r
r
u
b
i
a
s
,
M
a
s
t
e
r
U
n
d
e
r
w
r
i
t
e
r
.
F
o
r
m
e
r
p
r
o
f
e
s
s
i
o
n
a
l
l
i
a
b
i
l
i
t
y
a
g
e
n
t
a
n
d
u
n
d
e
r
w
r
i
t
e
r
f
o
r
X
L
D
P
.
D
P
L
’
s
W
e
s
t
C
o
a
s
t
t
e
r
r
i
t
o
r
y
u
n
d
e
r
w
r
i
t
i
n
g
m
a
n
a
g
e
r
.
7
8
1
.
3
3
2
.
9
4
7
3
o
r
j
c
o
v
a
r
r
u
b
i
a
s
@
o
n
e
b
e
a
c
o
n
.
c
o
m
.
17
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Underwriting Team:
A
l
e
x
a
n
d
r
a
“
A
l
e
x
”
C
h
a
m
b
e
r
s
,
M
B
A
,
S
e
n
i
o
r
U
n
d
e
r
w
r
i
t
e
r
.
1
3
y
e
a
r
s
o
f
e
x
p
e
r
i
e
n
c
e
i
n
t
h
e
i
n
s
u
r
a
n
c
e
i
n
d
u
s
t
r
y
w
i
t
h
e
x
t
e
n
s
i
v
e
e
x
p
e
r
i
e
n
c
e
i
n
t
h
e
A
r
c
h
i
t
e
c
t
s
&
E
n
g
i
n
e
e
r
s
u
n
d
e
r
w
r
i
t
i
n
g
f
i
e
l
d
.
M
e
m
b
e
r
o
f
t
h
e
H
a
r
t
f
o
r
d
C
h
a
p
t
e
r
P
L
U
S
B
o
a
r
d
o
f
D
i
r
e
c
t
o
r
s
.
8
6
0
.
3
2
1
.
2
9
7
7
o
r
a
y
e
p
e
z
@
o
n
e
b
e
a
c
o
n
.
c
o
m
.
N
i
c
h
o
l
e
“
N
i
k
k
i
”
D
i
l
t
s
,
S
e
n
i
o
r
U
n
d
e
r
w
r
i
t
e
r
.
N
i
k
k
i
’
s
u
n
d
e
r
w
r
i
t
i
n
g
e
x
p
e
r
i
e
n
c
e
i
s
b
a
c
k
e
d
b
y
i
n
d
u
s
t
r
y
e
x
p
e
r
i
e
n
c
e
.
N
i
k
k
i
w
a
s
i
n
v
o
l
v
e
d
i
n
t
h
e
l
a
u
n
c
h
a
n
d
p
r
e
s
e
n
t
a
t
i
o
n
o
f
a
r
c
h
i
t
e
c
t
u
r
a
l
p
r
o
d
u
c
t
s
t
h
r
o
u
g
h
o
u
t
t
h
e
N
e
w
Y
o
r
k
a
n
d
W
a
s
h
i
n
g
t
o
n
D
.
C
.
a
r
e
a
s
.
7
8
1
.
3
3
2
.
9
4
7
4
o
r
n
d
i
l
t
s
@
o
n
e
b
e
a
c
o
n
.
c
o
m
A
m
a
n
d
a
G
r
o
s
s
,
U
n
d
e
r
w
r
i
t
e
r
.
H
a
s
1
2
y
e
a
r
s
’
e
x
p
e
r
i
e
n
c
e
m
a
n
a
g
i
n
g
a
n
d
/
o
r
s
u
p
p
o
r
t
i
n
g
l
a
r
g
e
s
c
a
l
e
i
n
s
u
r
a
n
c
e
p
o
r
t
f
o
l
i
o
s
i
n
c
l
u
d
i
n
g
t
h
e
f
o
r
m
e
r
A
o
n
A
f
f
i
n
i
t
y
n
e
w
a
n
d
r
e
n
e
w
a
l
p
r
o
g
r
a
m
f
o
r
d
e
s
i
g
n
p
r
o
f
e
s
s
i
o
n
a
l
s
.
7
8
1
.
3
3
2
.
8
0
3
4
o
r
a
g
r
o
s
s
@
o
n
e
b
e
a
c
o
n
.
c
o
m
.
B
r
o
o
k
e
E
.
B
e
e
m
a
n
,
A
s
s
i
s
t
a
n
t
U
n
d
e
r
w
r
i
t
e
r
.
D
P
L
’
s
s
m
a
l
l
b
u
s
i
n
e
s
s
a
c
c
o
u
n
t
s
u
n
d
e
r
w
r
i
t
i
n
g
s
p
e
c
i
a
l
i
s
t
w
h
e
r
e
s
h
e
d
e
m
o
n
s
t
r
a
t
e
s
a
s
t
r
o
n
g
u
n
d
e
r
s
t
a
n
d
i
n
g
o
f
p
r
o
f
e
s
s
i
o
n
a
l
r
i
s
k
e
x
p
o
s
u
r
e
;
c
l
i
e
n
t
a
n
d
b
r
o
k
e
r
n
e
e
d
s
a
n
d
e
x
c
e
l
l
e
n
t
c
o
m
m
u
n
i
c
a
t
i
o
n
s
k
i
l
l
s
.
B
r
o
o
k
e
a
t
8
6
0
.
3
2
1
.
2
7
0
3
o
r
b
b
e
e
m
a
n
@
o
n
e
b
e
a
c
o
n
.
c
o
m
.
18
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Final Program Differentiators:
Service at all levels of the program
Program promotes open discussion at all levels
Timely declination of submissions
Meeting quote by and need by dates
Dedicated team members
Limited broker distribution network
Not top line driven
Claim and circumstance reporting promoted
19
onebeacondpl.com
D
E
S
I
G
N
P
R
O
F
E
S
S
I
O
N
A
L
S
L
I
A
B
I
L
I
T
Y
Thank You
Bruce R. Demeter
bdemeter@onebeacon.com
781.332.9470
Onebeacondpl.com
20
onebeacondpl.com
OneBeacon Insurance Group offers a comprehensive Design Professionals Liability program catering to architects, engineers, contractors, and construction managers. With a strong financial backing and a history dating back 140 years, they provide coverage for various eligible risks with specific underwriting criteria. The program includes primary and excess coverage up to $5,000,000 for architects and engineers, with specific limits and criteria for different firm sizes. Find out more about their offerings and unique market differentiators at onebeacondpl.com.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
ONEBEACON INSURANCE GROUP DESIGN PROFESSIONALS LIABILITY onebeacondpl.com 1
DESIGN PROFESSIONALS LIABILITY Discussion Points: OneBeacon Insurance Group Financial Strength Design Professionals Liability Program Overview What Differentiates Us in the Marketplace onebeacondpl.com 2
DESIGN PROFESSIONALS LIABILITY OneBeacon Insurance Group Financial Strength: A.M. Best A Excellent (Class XI) AM Best Number 002196 Invested Assets - $2,364.9B Total Assets - $5,211.6B. ASIC Paper NAIC code 27154 OneBeacon Insurance Group has insurance roots that go back 140 years to the Potomac Fire Insurance Company. onebeacondpl.com 3
DESIGN PROFESSIONALS LIABILITY Design Professionals Liability Program Overview: Architects and Engineers Contractors Professional and Pollution Constructor and Construction Managers Follow Form Excess onebeacondpl.com 4
DESIGN PROFESSIONALS LIABILITY Architects and Engineers: Up to $5,000,000 in limits Admitted and Non-admitted paper Primary, project and client specific coverage available Excess project and client specific coverage available onebeacondpl.com 5
DESIGN PROFESSIONALS LIABILITY Architects and Engineers Underwriting Criteria: General Firm Program - $150,000 or greater weighted average gross receipt firms with $5M/$5M limit cap. Small Business Program - $150,000 to $1,000,000 weighted average gross receipt firms with $2M/$2M limit of liability cap. onebeacondpl.com 6
DESIGN PROFESSIONALS LIABILITY Architects and Engineers Underwriting Criteria: Eligible Risks Architects Electrical Engineers Landscape Architects Technical Consultants Sustainable Design Construction Managers (Agency and At-Risk) Civil Engineers Mechanical Engineers Interior Designers Design/Build Structural Engineers onebeacondpl.com 7
DESIGN PROFESSIONALS LIABILITY Architects and Engineers Underwriting Criteria: Restricted Risks Geotechnical Engineers Nuclear Engineers Engineers Process Engineers Product Design Laboratories Residential Development Services/Projects Hazardous Material, Inspection or Abatement firms Environmental Engineers Material or Soil Testing Firms Firms fabricating materials Home Inspectors EIFIS/Curtain Walls/Stucco onebeacondpl.com 8
DESIGN PROFESSIONALS LIABILITY Contractors Professional Lability: Non-admitted paper General Firms 1. Gross Revenues (or Construction Revenue plus Professional Fees) $3,000,000 to $80,000,000. 2. Limits requested are not less than $250,000 or greater than $2,000,000/$2,000,000. 3. Self-Insured Retention requested is not less than $2,500. Small Business 1. Gross Revenue (or Construction Values plus Professional Fees) less than $3,000,000 and no greater than $8,000,000. 2. Limits of Liability - $1M/$1M 3. Requested SIR less than $2,500K No Foreign Work onebeacondpl.com 9
DESIGN PROFESSIONALS LIABILITY Contractors Professional Lability: Restricted Classes Geotechnical Nuclear Residential Development Co. s Laboratories Real Estate Developers Roofing Naval Product design and/or sales Site clearing and tree removal. Nuclear/Atomic Power Superfund Sites New Construction of Arenas, Convention Centers and/or Stadiums Hazardous Material Inspection or Abatement Surveying (residential developments) Environmental Material or Soil Testing Home Inspection/Inspectors EIFIS/Curtain Walls/Stucco Railroad Material Fabricators Project Operations Project financing Landfills Offshore Oil Rigs onebeacondpl.com 10
DESIGN PROFESSIONALS LIABILITY Constructors and Construction Managers: Up to $5,000,000 in limits Non-admitted paper Primary, project and client specific coverage available Same Eligible and Restricted Classes as ANE product onebeacondpl.com 11
DESIGN PROFESSIONALS LIABILITY Excess Policy: Up to $5,000,000 in limits Admitted and non-admitted paper Follow Form No Ability to Drop Down Same Eligible and Restricted Classes as ANE product onebeacondpl.com 12
DESIGN PROFESSIONALS LIABILITY Product Coverage: No pollution exclusions Pollution coverage for conditions from professional services Coverage for technology exposures Mediation credit Sustainable Design Credit Preferred Counsel endorsement Worldwide coverage 2 year policies available for certain firms Supplementary Payment subpoena reimbursement Crisis Management Endorsement available for certain firms onebeacondpl.com 13
DESIGN PROFESSIONALS LIABILITY Claims Handling: Every notice receives a case number. Dedicated DPL claims counsel assigned. Discussion with Insured, Insured s Counsel and Broker by dedicated DPL claims counsel within 24 hours of the notice of receipt. Pre-claims assistance. Supplementary payments provisions. No hammer clause. No underwriting penalty for reporting. onebeacondpl.com 14
DESIGN PROFESSIONALS LIABILITY Risk Management: DPL E-Newsletter On-site risk management seminars available to some firms Claim Scenarios available Risk management and professional liability coverage agreement reviews 24 hour turn around time. Broker webinars Broker lunch/breakfast and learns onebeacondpl.com 15
DESIGN PROFESSIONALS LIABILITY Underwriting Team Expertise: Construction Industry experience ANE broker experience Over 100 years of combined insurance industry experience with a focus on design professional liability Decision making authority Dedicated producer underwriter onebeacondpl.com 16
DESIGN PROFESSIONALS LIABILITY Underwriting Team: Beth Goodrich, Assistant Vice President - 25 years professional liability experience. Director of the Small Business Program. 781-332-9741 or bgoodrich@onebeacon.com. Brett Fowler, RPLU, Assistant Vice President. 18 years of experience in the insurance industry. Manager of the DPL wholesale book of business. 860.321.2633 or bfowler@onebeacon.com. Ami Jastrzemski, Master Underwriter. Former professional liability broker. DPL s Southeast territory underwriting manager. 781.332.9472, or ajastrzemski@onebeacon.com. Joseluis Covarrubias, Master Underwriter. Former professional liability agent and underwriter for XLDP. DPL s West Coast territory underwriting manager. 781.332.9473 or jcovarrubias@onebeacon.com. onebeacondpl.com 17
DESIGN PROFESSIONALS LIABILITY Underwriting Team: Alexandra Alex Chambers, MBA, Senior Underwriter. 13 years of experience in the insurance industry with extensive experience in the Architects & Engineers underwriting field. Member of the Hartford Chapter PLUS Board of Directors. 860.321.2977 or ayepez@onebeacon.com. Nichole Nikki Dilts, Senior Underwriter. Nikki s underwriting experience is backed by industry experience. Nikki was involved in the launch and presentation of architectural products throughout the New York and Washington D.C. areas. 781.332.9474 or ndilts@onebeacon.com Amanda Gross, Underwriter. Has 12 years experience managing and/or supporting large scale insurance portfolios including the former Aon Affinity new and renewal program for design professionals. 781.332.8034 or agross@onebeacon.com. Brooke E. Beeman, Assistant Underwriter. DPL s small business accounts underwriting specialist where she demonstrates a strong understanding of professional risk exposure; client and broker needs and excellent communication skills. Brooke at 860.321.2703 or bbeeman@onebeacon.com. onebeacondpl.com 18
DESIGN PROFESSIONALS LIABILITY Final Program Differentiators: Service at all levels of the program Program promotes open discussion at all levels Timely declination of submissions Meeting quote by and need by dates Dedicated team members Limited broker distribution network Not top line driven Claim and circumstance reporting promoted onebeacondpl.com 19
DESIGN PROFESSIONALS LIABILITY Thank You Bruce R. Demeter bdemeter@onebeacon.com 781.332.9470 Onebeacondpl.com onebeacondpl.com 20
