AW Architects and Engineers Professional Indemnity SG · • Investigation Costs Cover with a Nil...

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PROFESSIONAL LINES ARCHITECTS AND ENGINEERS PROFESSIONAL INDEMNITY Professionals involved in the design process for the construction industry have significant civil and legal obligations in the event of allegations of negligent design or a failure to perform their professional services.

Transcript of AW Architects and Engineers Professional Indemnity SG · • Investigation Costs Cover with a Nil...

Page 1: AW Architects and Engineers Professional Indemnity SG · • Investigation Costs Cover with a Nil Excess • Principals Indemnity extension UNDERWRITING STRATEGY • Maximum capacity

PROFESSIONAL LINES

ARCHITECTS AND ENGINEERS PROFESSIONAL INDEMNITY

Professionals involved in the design process for the construction industry have significant civil and legal obligations in the event of allegations of negligent design or a failure to perform their professional services.

Page 2: AW Architects and Engineers Professional Indemnity SG · • Investigation Costs Cover with a Nil Excess • Principals Indemnity extension UNDERWRITING STRATEGY • Maximum capacity

ARCHITECTS AND ENGINEERS PROFESSIONAL INDEMNITY

KEY FEATURES COVERAGE INCLUDES

• Advancement of Defence Costs and Investigation Costs within thirty (30) days

• Breach of Confidentiality• Continuous Cover Extension to

include cover for any claim or investigation that was not previously notified under a prior policy

• Data Protection Breach • Intellectual Property Infringement • Limitation of Liability Contracts

Extension• New Subsidiary Automatic

Acquisition Cover – 30% of consolidated revenue

• Replacement Cost for Loss of Document with Nil Excess

OPTIONAL EXTENSIONS

• Ability to offer Local Admitted Policies• Automatic Reinstatement of

Policy Limit• Aggregate Deductible option is

available• Defence Costs in Addition• Fidelity Cover available• Investigation Costs Cover with a

Nil Excess• Principals Indemnity extension UNDERWRITING STRATEGY

• Maximum capacity USD $25,000,000

TARGET CLASSES

• Open to a wide range of industries and target classes, but not limited to:

- Architects - Acoustical Engineers - Computer Aided Design - Draftsmen - Electrical Engineers - Feasibility Studies - Heating & Ventilating or Air

Conditioning Engineers - Interior Designers - Landscape Architects - Mechanical Engineers - Office Fit Out Professionals - Town Planners

• Bodily Injury and Property Damage Cover resulting from Professional Services, Defamation or Loss of Documents

• Compensation for Court Attendance

• Defamation • Director, Officer, Partner or Principal

previous business extension• Extended notification periods up to

90 days from expiry• Extension to include cover for

Spouses, Estates and Representatives of Insured Person

• Fraud and Dishonesty• Joint Venture Extension• Reputation Protection Costs• Trade Practices Legislation Breach• Transaction Run Off Cover• Unlimited Retroactive Date, unless

amended• Vicarious Liability Cover for the

Insured Entity in respect an Agent, Consultant, Sub-Contractor, Sub- Agent or any other person performing Professional Services on behalf of the Insured Entity

About Allied World

Allied World Assurance Company Holdings, GmbH, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial.

This information is provided as a general overview for agents and brokers. Coverage will be underwritten by the Hong Kong branch office of Allied World Assurance Company, Ltd, which is regulated by the Insurance Authority, the Singapore branch office of Allied World Assurance Company, Ltd, which is regulated by the Monetary Authority of Singapore, the Australia branch office of Allied World Assurance Company, Ltd, or by our Lloyd’s Syndicate 2232, as applicable. Syndicate 2232 is managed by Allied World Syndicate Services (Singapore) Pte. Ltd., which is regulated by the Monetary Authority of Singapore. Coverage is only offered subject to local regulatory requirements and through licensed agents and brokers. Actual coverage is subject to the terms, conditions and exclusions of the actual policy issued. © 2018 Allied World Assurance Company Holdings, GmbH, a Fairfax company. All rights reserved.

PL-DO0518-TP

alliedworldinsurance.com

CONTACTS

Allied World Singapore8th Floor, 60 Anson Road#08-01 Mapletree AnsonSingapore 079914

T. +65 6423 0888E. [email protected]. www.awac.com

Allied World Hong Kong22/F One Island East Taikoo Place18 Westlands RoadQuarry Bay, Hong Kong

T. +852 2968 3000E. [email protected]. www.awac.com


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