We have several policy options
- A combined professional/E&O and pollution liability policy
- A stand-alone general contractor professional liability policy
- A stand-alone artisan contractor E&O policy
- A stand-alone pollution liability policy
The combined coverage provides the best protection for your clients' exposures. It is one policy, one carrier and one application. With either the combined policy or the professional liability policy or E&O policy, your client is protected, their business is protected from professional liability exposures, and they can close the gap with their general liability coverage. We provide a reliable, affordable and innovative policy designed specifically for contractors.
Pollution incident coverage is standard
Coverage has been expanded to include pollution incidents in the combined policy. The pollution coverage gap between professional and general liability policies is lessened. If your client digs up a tank or ruptures a gas line on a job site, pollution incident coverage is there. Pollution coverage is also available as a stand-alone policy.
Punitive, exemplary or multiplied damage award
We provide protection for unanticipated and unpredictable large claims. Punitive, exemplary or multiplied damage awards are covered up to the limit of liability to the fullest extent permitted by law. We provide this coverage to reduce you client's fears of uncontrollable punitive damage awards.
ADA and FHA administrative actions
We now reimburse your client - up to $25,000 per policy year - for legal fees and expenses incurred in response to ADA or FHA regulatory or administrative actions that are reported before any expenses are incurred.
Self Insured Retention is reduced by 50% (up to $25,000 maximum) when the claim is resolved through mediation. If we can resolve claims quickly and avoid expensive court costs, you save too.
Optional extended reporting periods
With one year at 100%; 3 years at 190%; and 5 years at 250% - of the policy term premium. Your clients don't have to fear a claims made form - coverage continues at their option.
To learn more, email design.us@victorinsurance.com or connect with your business development contact.