Why is an annual renewal application required?
Every policyholder is underwritten for acceptability and coverage terms whenever a new quote is offered. Data points from the application are entered into a rating model used for premium development. Updating the information on an annual basis ensures any changes in a policyholder’s risk profile are appropriately reflected in the renewal premium and coverages offered.
– Colleen Kennedy | Assistant Vice President, Senior Underwriter
By Robert J. Connor, JD, CIC
Senior Vice President, Chief Marketing Officer, Berkley Alliance Managers, a Berkley Company
September 9, 2021
Berkley Design Professional has always strived to provide innovative coverages and Per Project Primary Limits is one of those coverages!
We believe this new way to look at and cover A&E professional liability risks can provide significantly increased value for our policyholder’s insurance dollar.
A few years ago we introduced Per Project Primary Limits in many different ways and thought this innovative coverage would become very popular. We were mistaken.
To figure out why we weren’t writing more of this game-changing coverage we contacted a number of our brokers. And the resounding answer–it was too confusing to explain to a client or prospect and they didn’t have the time to explain a coverage they probably would not sell. So, we put our heads together to see if we could provide a simpler way to describe this innovative approach to A&E professional liability insurance coverage. Here’s our updated, simpler explanation.
(more…)Does your policy provide worldwide coverage?
Our policy applies worldwide. In addition, firms with projects in other countries will also have a Limited Worldwide Coverage endorsement attached. The endorsement changes coverage when claims are brought against the policyholder outside of the U.S. and will reimburse the policyholder for damages and reasonable and necessary costs of investigating and defending any such claim.
– Debbie Ferris | Assistant Vice President, Senior Underwriter
Presented by:
Ted D. Levin, Member, Clark Hill, LLP
Andrew D. Mendelson, FAIA, Senior Vice President, Chief Risk Management Officer, Berkley Design Professional
Wednesday, September 29, 2021
10:00 am – 11:30 am Pacific Daylight Time
1.5 AIA Learning Units
1.5 RCEP Professional Development Hours
Berkley DP policyholders who participate in this program can qualify for a 15% Risk Management Education credit. Contact your agent for further information*
This webinar has been recorded and is available on demand for Berkley Design Professional policyholders and our appointed agents and brokers on the BDP Risk® Learning Management System.
bdp Risk® lms loginIn today’s complex design and construction environment, disputes will occur. Often the difference between success and failure is whether you have planned for the inevitable. This webinar will show you the root causes that frequently lead to disputes and arm you with strategies to mitigate those situations before the project even begins. You’ll learn why it’s important to define the dispute resolution process in your contract—and receive sample contract language you can begin using right away. You’ll gain insight from a typical dispute resolution flowchart and a deeper understanding of the mechanics, costs, pros, and cons of these common methods: step negotiations, mediation, litigation, and arbitration. Finally, you’ll learn how to identify when trouble is brewing on your project and get a roadmap of what to do next.
(more…)© 2025 Berkley Design Professional. All rights reserved.
