Got Uncertainty? We can help!

Posted by & filed under BDP Blog.

By Robert J. Connor, JD, CIC
Senior Vice President, Chief Marketing Officer, Berkley Alliance Managers, a Berkley Company

February 10, 2022

Uncertainty is all around us. You can’t deny it. If there is anything the past two years have taught us it’s that you never know what’s coming around the corner. This is unnerving and can create anxiety. As human beings, we crave stability and structure – even when we think outside the box. At Berkley Design Professional, we not only acknowledge this uncertainty, we embrace it. We want to help you embrace it too so that together we can transform your uncertainty into opportunity. Doing so enables you and your clients to confidently build a better tomorrow.

This idea of transforming uncertainty, is our Why, our rallying cry and why we are passionate about serving our brokers and policyholders.

Our new vision statement states it more succinctly:

To transform uncertainty into opportunity so you can confidently build a better tomorrow.

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Parenting Advice That Can Save You Money on Professional Liability Insurance

Posted by & filed under BDP Blog.

By Robert J. Connor, JD, CIC
Senior 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, reward or negative consequences works best.

At Berkley Design Professional, we come down squarely in the carrot column! We believe that positive reinforcement is the way to encourage our policyholders to develop beneficial risk management habits.

Berkley Design Professional policyholders can earn up to 40% in credits on their annual professional liability insurance policy. Yes, we did say 40%. How, you ask? I would be happy to explain.

Policyholders that use a limitation of liability clause in their contracts for professional services can earn up to a 25% premium credit each policy year. More specifically, we look at the percentage of fees that a design firm has under contracts with limitation of liability clauses with the liability limited to $250,000 or less and we take that percentage and cut it in half to arrive at the credit percentage–up to a maximum of 25% credit. For example, if a design firm has 40% of their fees derived from contracts that contain a limitation of liability clause limiting their liability to $250,000, then that firm would earn a 20% premium credit. It is that simple!

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