Below, you'll find an interview with one of our Professional Liability Brokers, Christine DeFelice to answer some questions on this topic.
Drew: Welcome to another PL Risk Perspective interview. This time around we’re looking at Architects and Engineers coverage. Today’s guest is Christine DeFelice, a Professional Liability Broker at PL Risk Advisors.
Christine: Thank you for having me Drew.
Drew: Now as I understand, you have quite a bit of experience in this field so let’s dive right in.
Drew: What is A/E Design and Construction Professional E&O?
Christine: A/E Design and Construction Professional E&O provides coverage to an Architect/Engineer Design and Construction firm in the event of a lawsuit claiming negligence in providing or failing to provide professional services which causes bodily injury, property damage or financial loss to a third party.
Drew: Why would an agent's client need this coverage?
Christine:This coverage protects your client’s firm against significant financial costs associated with litigation alleging bodily injury, property damage or financial loss to a third party as a result of your clients negligent act, error or omission.
Drew: What does A/E Design and Construction Professional E&O cover?
Christine: A/E Design and Construction Professional E&O covers damages and defense expenses, including attorney’s fees, for covered claims relating to an act, error or omission in a firm’s performing or failing to perform professional services.
Drew: Why should retail agents choose PL Risk?
Christine: At PL Risk Advisors, we have fostered strong partnerships with many top-rated carriers. These relationships enable us to secure coverage for even the hardest-to-place risks. You and your clients need a partner that understands how increased regulations and security threats affect your clients. Our professionals can provide the coverage to help mitigate these risks.