EXTON, Pennsylvania,
Aug. 23, 2017 /PRNewswire/ -- To
offer more thorough insurance protection for the work that design
professionals are performing today, XL Catlin has added two new
enhancements to its professional liability insurance for
architects, engineers and other design professionals in the US,
including an expanded professional services definition and
Principal Protector Coverage for qualifying firms.
According to Doug Strong, Chief Underwriting Officer of XL
Catlin's Design Professional business, "The Design sector is
dynamic and our customers look to us to keep pace with their
evolving risk exposures. Data sharing and technological
advancements in design are changing the way architectural and
engineering firms deliver their services to clients."
XL Catlin's Design Professional team has expanded the definition
of professional services to include existing and emerging
technologies used by design professionals in the delivery of their
services. This includes the development of software programs,
systems and applications; database design and maintenance;
warehousing data generated by building information models, digital
tools, etc.; hosting data and application sites; and website design
for its design services clients.
To continue to support our clients' social responsibility
commitments, XL Catlin also added Principal Protector
Coverage, specifically for its large Design Firm segment. This
coverage offers supplemental limits outside of the firm's
policy limits for any current, former, or retired member or
employee of the firm for negligence claims arising from their
participation in a non-profit entity.
XL Catlin's Design Professional business provides professional
liability insurance for architects, engineers and design
consultants. Coverage is available for firms of all sizes and
disciplines. XL Catlin's design professional coverage is
accompanied by a variety of loss prevention assistance and risk
management assistance including continuing education courses and
access to XL Catlin's Contract eGuide.
About XL Catlin Insurance Operations
XL Catlin insurance companies offer property, casualty,
professional, financial lines and specialty insurance products
globally. Businesses that are moving the world forward choose XL
Catlin as their partner. To learn more,
visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group
Ltd.'s (NYSE:XL) insurance and reinsurance companies which
provide property, casualty, professional and specialty products to
industrial, commercial and professional firms, insurance companies
and other enterprises throughout the world. Clients look to XL
Catlin for answers to their most complex risks and to help move
their world forward. To learn more, visit xlcatlin.com.
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SOURCE XL Catlin