Friday, August 05, 2005

Architects & Engineers Coverage from AVRECO

Did you know that the staff of AVRECO has been underwriting professional liability insurance for the A&E industry for almost 35 years? Highlights of our program are as follows:
  • Worldwide coverage
  • Plain language wording
  • Retroactive coverage available to previously uninsured and new firms
  • First dollar defense cost coverage is normally included
  • Available for an Architectural or Engineering Firm
  • Available to a Design and Build contractor--both for in-house design and for contingent liability arising out of sub-let design
  • Can consider construction managers--both "as agent" or "at risk"
  • Limits up to $2,000,000 (higher to be negotiated)
  • $2,500 minimum deductible
  • 100% Lloyd's Underwriting Security (A.M. Best A
  • Insured is consulted prior to settlement of a claim
  • Installment payment plans are available for certain risks
  • Specific project excess is available
  • Coverage available to moonlighters
  • Small annual project policies are available
You can obtain an application by clicking HERE. Please don't hesitate to contact Linda Deiss (ldeiss@avreco.com, 312.294.5475) for more information or to submit a completed application.