Contractors E&O
The ever-evolving roles and responsibilities of general contractors, construction managers, construction agents and construction trades make contractors professional liability coverage a necessity in today’s business world.
At Liberty, we understand your contracting client’s nuanced exposures, and our underwriting expertise lends us the ability to understand each risk and custom-tailor our product to suit the unique needs of small to large companies, partnerships or practice groups.
A protective partnership
Solutions for complex risks
Target classes
- Canadian-domiciled, general or specialty contractors, construction managers and design-builders
- Can consider a variety of standard to complex project types
- Target contracting firms with comprehensive risk management practices, including in-house quality control/quality assurance procedures and protocols
What we’ve been writing
- Contractor’s professional liability insurance for Alberta-based EPCM firm specializing in design, engineering, procurement and fabrication of modular gas and heavy oil processing plants, as well as compression equipment.
- Contractor’s professional liability insurance for +$200M multi-disciplinary contracting firm specializing in sales and service of industrial earthmoving and construction equipment, paving machines, and forestry and mining equipment.
- Excess Project-specific Professional Insurance provided to a major contractor leading the design and construction of a private-public-partnership cancer treatment hospital project
Non-target classes
- Asbestos contractors
- Critical transportation equipment
- Industries:
- Amusement parks
- Dams/offshore drilling
- Marine piers and ports
- Mining (including tailings work and shaft mining)
- Oil and gas pipelines (including non-destructive testing)
- Product design for mass production
- Residential condos (except if a low exposure)
- Tunneling
Policy highlights
- Multi-year option with annual limits
- Pollution Incident coverage—BI/PD arising from the performance of Professional Services
- BI/PD coverage in additional to third-party financial loss – arising from the performance of Professional Services
- Mitigation of Loss: reimbursement of reasonable expenses to mitigate Damages resulting from a pre-claim Design Error
- Supplemental Payments Extensions (no applicable Deductible)
- Pre-Claims Assistance: resulting from Liberty investigations
- Reimbursement Expenses: Actual loss of earnings and reasonable expenses when attending hearings, depositions and trials
- Disciplinary Proceedings: Reimbursement of reasonable lawyer’s fees
- ODA, NHA or OHSA Expense Reimbursement
- Loss of Document(s)
- Broad Definition of Professional Services including practice as an architect, engineer, scientist, construction manager, environmental consultant and LEED AP
- Mediation Deductible Credit of 50% (to a maximum reduction of $25,000) for Claims resolved through Mediation
- Coverage for Insured’s participation in a joint venture
- Worldwide territory coverage
Capacity
$10M
Our difference
- Project-specific and practice policies available (excess)
- Dedicated and bilingual Contractors’ E&O underwriting and claims professionals
- In-house claims handling expertise with local authority and specialization in architects, engineers, and contractors’ professional liability
- International capabilities with more than thirty offices worldwide
The materials herein are for informational purposes only. All statements made are subject to provisions, exclusions, conditions, and limitations of the applicable insurance policy. Any such case study, example, or illustration cannot guarantee you will achieve similar results or outcomes. Individual outcomes may vary based on your particular facts and circumstances, policy language, and applicable law. Coverages and features are not available in all provinces and territories. Eligibility is subject to meeting applicable underwriting criteria. Learn more about Liberty Mutual Canada, including our privacy policy, at libertymutualcanada.com or call us toll-free at 800-461-5079.
Liberty Mutual Canada is the registered business name under which the Canadian branch of Liberty Mutual Insurance Company operates in Canada. Coverage provided and underwritten by Liberty Mutual Insurance Company.
