arrow-1arrow-2arrow-ltcancel-fatcancel-thineditfacebooklinkedinmailmenunetworkplusrdg-monoRrdgRrsg-monorsgrsgum-monorsgumrt-monortsearchspinnertwitterusers

RT Specialty is proud to welcome All Risks to the RSG family effective September 1st, 2020!

New Day saves construction firm significant money on project professional liability policy

New Day, working with our retail broker partner, was tasked with placing project professional liability insurance for a design/build contract on a commercial building project. The owner required $10 million in limits but no dedicated limit requirement for the project.  The construction firm was purchasing a practice program with a $5 million limit and planned to purchase a $10 million project professional liability policy, which was a costly alternative.  The project professional liability program would have cost about $750,000 premium. New Day offered a different structure that applied a $5 million project excess endorsement over the firm’s $5 million practice program since there was no requirement for a dedicated limit.  This structure brought the total cost down by over $500,000 even after factoring in carrying the endorsement for 5 years. This may not be an effective solution in all similar situations but should be considered when the specifications allow.

New Day Team:

Jeff Slivka, Executive Vice President/Chief Operating Officer
Sharron Gaskins, Account Manager

Find a Broker

Search by product, location, or name

Please Update Your Browser

Unfortunately Microsoft is no longer providing support or security fixes for your web browser. RT Specialty values the safety and security of its clients’ data, and as such this site requires the use of a modern web browser. To update your web browser, please see the links below. If you have any questions or would like additional information, please email info@rtspecialty.com or call (312) 784-6001.

Firefox Firefox Chrome Chrome IE Internet Explorer Edge Microsoft Edge