By Michael Bradford | November 1, 2021 Rising losses are causing underwriters to rethink the way they analyze architects and engineers professional liability risks, and the deadly collapse of a condominium building in south Florida earlier this year is raising further concerns. Coverage prices have moved up gradually over the past three years as A&E… Read more »
Posts By: Berkley Design Professional
Thankful for Insurance? You betcha!
By Victoria (Tori) RabadiAssistant Vice President, Marketing Communications November 10, 2021 Say the word insurance to almost anyone and watch them roll their eyes while a disinterested look comes over their face. This, my friends, is not the response people in the insurance industry deserve. Most of us are fortunate and should be thankful we… Read more »
Ask an Underwriter
How many types of loss run reports are available? We have two loss run report options to choose from: 1. A full loss run with all claims, and claim prevention files (claimant names are displayed). 2. A claim only loss run (claim prevention files are not included and claimant names are not displayed). This type… Read more »
AIA Contract Documents Free Webinar | Top Five Risk Avoidance Strategies for Contractors
Presenter:Andrew D. Mendelson, FAIA, Berkley Alliance Managers, SVP, Chief Risk Management Officer Date: Thursday, November 18, 2021Time: 1:00 – 2:00 p.m. EST Construction is a risky business, especially in today’s climate. Attend a free webinar where expert presenters will review the top 5 strategies contractors can utilize to avoid and mitigate risk on their construction projects. Presenters will discuss the… Read more »
Ask an Underwriter
How are weighted fees calculated? For the Prime program: by using an average of 4 years of fees – the current year and the last 3 complete years. Adjustments are made for years that are less than 70% of the following year. For the Express program: by using an average of 3 years of fees… Read more »
Parenting Advice That Can Save You Money on Professional Liability Insurance
By Robert J. Connor, JD, CICSenior Vice President, Chief Marketing Officer, Berkley Alliance Managers, a Berkley Company October 4, 2021 Parents often struggle with ways to get their children to develop good habits that will serve them well later in life. There is the age-old debate of the carrot versus the stick and which one,… Read more »
Ask an Underwriter
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… Read more »
Per Project Primary Limits Coverage
By Robert J. Connor, JD, CICSenior 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… Read more »
Ask an Underwriter
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… Read more »
Complimentary Webinar: A Design Professional’s Guide to Dispute Resolution
Presented by:Ted D. Levin, Member, Clark Hill, LLPAndrew D. Mendelson, FAIA, Senior Vice President, Chief Risk Management Officer, Berkley Design Professional Wednesday, September 29, 202110:00 am – 11:30 am Pacific Daylight Time1.5 AIA Learning Units1.5 RCEP Professional Development HoursBerkley DP policyholders who participate in this program can qualify for a 15% Risk Management Education credit…. Read more »
