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XL Catlin enhances professional liability insurance policy form for design professionals


September 16, 2016   by Canadian Underwriter


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Addressing the changing professional liability insurance needs of architects, engineers and other design professionals is at the heart of XL Catlin’s enhancements to its Design Professional insurance policy form.

One rapid change in the design professional industry reflected in the form enhancements revolves around improved coverage for exposures related to 3D printing and other computer-assisted design technologies (beyond BIM), XL Catlin notes in a statement Thursday.

Other form enhancements include the following:

  • coverage for data collected or otherwise covered work product derived with the assistance of drones used in conjunction with professional services;
  • added crisis management coverage providing as much as $30,000 per policy year for public relations expenses related to a “crisis event”; and
  • increased disciplinary, regulatory and administrative expense supplements.

“Shifting customer needs, integration of emerging technologies and the changing landscape of the professional work force continue to create challenges,” Doug Strong, chief underwriting officer of XL Catlin’s Design Professional insurance business in North America, notes in the statement.

In a bid to meet the challenges and reduce their exposures, the enhanced policy form “takes the industry’s evolving business and operational environment, and subsequent risks, into consideration,” Strong points out.

Coverage related to XL Catlin’s professional liability insurance for architects, engineers and design consultants is available for firms of all sizes and disciplines, the company statement notes.

It is also accompanied by a variety of loss prevention assistance and risk management assistance, XL Catlin reports.