Victor offers project-specific professional liability coverage with a focus on projects with up to $300 million in construction values. Certain commercial, infrastructure, educational, healthcare, residential and mixed use projects are eligible for coverage. Design-bid-build, design-build and other alternative delivery methods will be entertained for possible quotation. Project-specific coverage is also available with a dedicated policy form for firms entering into integrated project delivery (IPD) contracts. We prefer to quote the project-specific coverage for firms that already have their practice policy with Victor.
Availability: In all states, D.C. and U.S. territories
Minimum premium: $25,000
Limits: Up to $15 million (up to $35 million for firm with revenues over $10 million)
The project-specific policy provides a policy term with the expiration date being the date of substantial project completion. The policy also includes a standard extended reporting period following the substantial completion of construction of up to 5 years. Requests for longer extended reporting periods with up to a maximum of ten years of total project specific policy coverage will be reviewed and considered.
Contact the project specific team directly at design.us@victorinsurance.com or connect with your business development contact.
You have the option not only to report a claim, but circumstances, (situations in which you are concerned that a claim may occur) as well.
Here's how to ensure the fastest possible response to your circumstance or claim:
Experienced legal counsel
CNA uses highly experienced and successful legal defense firms that specialize in architects and engineers professional liability claims to help defend you. The attorney assigned to your case will consult with you and keep you informed about all important actions to be taken on your behalf. In addition, your CNA claims professional will help answer your questions and advise you of developments in your case. The legal defense of a lawsuit is often the most critical factor in handling a professional liability claim. Providing you with the experienced legal defense you need is just one more reason why CNA delivers the best claims services available in the industry.
Fast claims service
If you are faced with a claim or potential claim, you can be assured that CNA will provide fast, fair claims service. Applying our experience and expertise, we work with you to protect your firm's assets and reputation by handling your claim quickly and effectively. Specialists give you personal service. Our architect and engineer professional liability claim professionals are available from coast to coast. At Victor and CNA, we continually respond to the evolving needs of your practice. That is our commitment to you - a commitment we've been keeping for over 65 years.
After your insurance company is notified about your claim or incident, we will take the following steps:
The world is changing at an unprecedented pace. And complex new risks are emerging every year.
To help you understand and overcome these challenges, Victor Risk Advisory offers rock-solid industry insights, risk mitigation resources and much more.