EXTON, Pa., Jan. 22, 2016
/PRNewswire/ -- XL Catlin's Design Professional insurance
business today unveiled several new enhancements to its
professional liability insurance for architects and engineers
(A&E) as well as other design professionals.
According to Alex Blanco, Chief
Underwriting Officer for XL Catlin's Design Professional insurance
business, "While the design profession dates back centuries, it's a
vocation that sees continuous change as firms confront shifting
customer expectations, new delivery methods and technologies along
with the risks that accompany them."
"To keep pace with that change, we keep a constant and careful
eye on how our professional liability insurance would protect our
clients given new challenges and the changing service environment
and look for way to boost our coverage's effectiveness," said Mr
Blanco. "With these latest enhancements, we aim to address A&E
professional liability issues we see on the horizon before them
become issues for our clients."
XL Catlin's newest Design Professional insurance enhancements
include:
- Professional Liability protection for a firm's use of
drones to cover for Wrongful Acts arising out of data
collected or work product derived from the use of unmanned aerial
systems and other vehicles
- Pro bono Professional Services Coverage extending
professional liability coverage to a firm's charitable, community
work
- Coverage for High Tech Professional Services addressing
the use of 3-D printing or other computer-assisted design
technology
- Crisis Event and Reputation Management offering
up to $30,000 per policy year
for PR fees to respond to crisis events
- Enhanced Defendant Reimbursement now
providing up to $500 per day and up
to $25,000 per policy year
- Enhanced Disciplinary, Regulatory or
Administrative Expense Reimbursement, now up to $50,000 per policy year.
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 to help firms
incorporate strong contract language.
About the XL Catlin Insurance Operations
The 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 plc'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