Ironshore Expands Liability Coverages for Designers, Contractors
Source: http://www.insurancejournal.com, October 26, 2016
Ironshore’s Construction Industry Vertical, in conjunction with Ironshore Specialty Casualty, has expanded its coverage for the designers and contractors sector with a new combination policy covering contractors professional liability, contractors pollution liability and pollution mitigation in a single product suite.
Ironshore’s new Designers and Contractors Professional & Pollution (DCP2) Liability Policy form offers third party professional liability protection against damages related to Contractor negligence or its sub-consultant design professionals in the performance of professional services.
The contractors pollution liability component responds to job site incidents, non-owned disposal site occurrences and transportation risks. The included pollution mitigation reimbursement extension may provide coverage for the costs of disciplinary proceedings and mediation incentive actions.
Coverage is underwritten on a claims-made basis for limits of up to $15,000,000.
Ironshore’s Construction Industry Group provides customized risk coverages including surety, builders risk, professional liability, environmental, stand-alone terrorism, marine cargo, general/excess liability and wrap-up insurance.