Free Webinar: Could This Happen to You? A Compendium of Claim Tales and Lessons Learned: Season 2

Posted by & filed under Events.

Presented by:
Diane P. Mika, Senior Vice President, Risk Management Officer, Berkley Design Professional
Anthony Andersen, Senior Vice President, Professional Liability Claims Manager, Berkley Alliance Managers 
Lisa McKay, Assistant Vice President, Senior Claims Examiner, Berkley Alliance Managers 
Liz Molina, Assistant Vice President, Senior Claims Examiner, Berkley Alliance Managers 
Mark A. Froehlich, Esq. Assistant Vice President, Senior Claims Examiner, Berkley Alliance Managers 

Wednesday, December 4, 2024
10-11:15 AM Pacific
12-1:15 PM Central
1-2:15 PM Eastern

Earn Learning Units
Approved for 1.25 AIA Learning Units
Approved for 1.25 RCEP Professional Development Hours+
Health, Safety, and Welfare Qualified

Berkley DP policyholders who participate in this program can qualify for a 15% Risk Management Education credit. Contact your agent for further information*

Register Now

In Season 2 of “Could This Happen to You,” Berkley DP claims examiners discuss four new claim tales. Each episode sets the stage with the project type, delivery method, and parties involved. You’ll get the juicy details of the problems that arose and discover the realities of the final resolution and meaningful lessons learned, providing you with valuable insights to help avoid or mitigate similar situations. 

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Shutting Down a Design Firm Doesn’t Necessarily Shut Off the Risk

Posted by & filed under BDP Blog.

By Cinnamon Connally, Underwriter, Berkley Design Professional, a Berkley Company

November 11, 2024

There may be considerable concern when a design firm is ready to close its doors even though this doesn’t just happen without significant planning and preparation. While there are many moving parts when it comes to closing a design firm, the most important is to ensure your architect and engineer clients can protect their assets from any claims that may arise in the future.

In the A&E industry, claims don’t necessarily happen immediately; often claims don’t become apparent until after the design and construction phases are complete. They can even arise years later, long after the firm purchased its last annual professional liability policy. So, how do you help protect your clients?

Here at Berkley Design Professional, we have excellent options to ensure your client is covered. We offer the traditional Extended Reporting Period (ERP) options, as well as a broader coverage, Run-off policy.

ERP coverage is granted via endorsement on the expiring policy. This option is available to all Berkley Design Professional policyholders even those who will be non-renewed. Currently, options available are one-, two- or three-year terms: this coverage is nonrenewable. Starting in 2025, our new filing will provide a 5-year term. The remaining limits from the expiring policy will apply for the full ERP term and there is no coverage for ongoing projects. Lastly, coverage is limited to actual claims only, thus eliminating free circumstance assistance.

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