Offers project-dedicated professional liability insurance to protect a project owner from losses arising out of the architect’s or engineer’s (A/E’s) negligence. Owners protective professional indemnity (OPPI) is offered to construction project owners for damages arising out of professional liability created by one of the members of the design team during a construction project.
Coverage Options
Offers protection for project owners in the event of a significant economic loss. The policy sits in excess of the annual professional liability policies of design professionals and other consultants performing professional services on the project owners behalf.
- Protective professional indemnity
- Protective contractors pollution
- Third-party claim defense and indemnity
Key Features
- Excess indemnity on first party claims brought against the design team
- Primary coverage if the design professional’s policy limits are eroded by another claim
- Written in the owner’s name, benefits of having an owner controlled program
- Cost-effective alternative to project insurance
- Difference in conditions (DIC) coverage above underlying professional liability
- Covers defense cost of third-party claims arising out of the design professional’s services
- Project specific or ”blanket” basis for all construction projects of the owner
- Covers duration of a construction project with an automatic extended reporting period (ERP) available up to statutes of repose
Target Classes
- Hospitality
- Hospitals and healthcare systems
- Infrastructure projects including road, bridges, rail, water, wastewater, sewerage
- Mixed-use high rises (condo and residential apartments)
- Power and industrial
- Schools and colleges
- Stadiums and arenas
- Office, commercial, retail
- Other owner-related construction projects
