Hiscox, a specialist global insurer, has launched a digital Professional Liability product for contractors, including versions for both general contractors and artisan subcontractors. Customers can get an online quote within five minutes, a unique feature in the insurance industry.
Professional Liability for General Contractors
This product covers contractors’ design and engineering exposure on job sites or projects, such as errors in executing an architect’s designs.
It also includes job site pollution liability, FHA/OSHA/ADA regulatory proceedings, and bodily injury and property damage claims arising from professional services.
Hiscox provides an attorney for baseless professional liability lawsuits, even if the insured hasn’t made a mistake.
Professional Liability for Artisan Subcontractors
In addition to the coverage for general contractors, this product addresses the unique needs and risk profiles of specialized contractors, including faulty workmanship coverage.
This covers claims of inadequate skill, quality, or craftsmanship, or the use of defective materials, such as a framer redoing work after not following approved construction drawings.
Hiscox’s admitted Professional Liability coverage for general and artisan contractors is now online, making it easier to purchase quality coverage
Tyler Peterson, Senior VP of Underwriting Management
“As skilled experts, contractors should focus on their craft without legal worries. Hiscox handles professional exposure, giving contractors the peace of mind to build and shape our homes, cities, and businesses.”
Hiscox USA offers various specialty risk solutions, including errors & omissions, general liability, cyber and data security, media liability, management liability, crime, entertainment, and terrorism insurance products.
Hiscox aims to be a respected insurer with a diverse portfolio by product and geography.
Balancing catastrophe-exposed and less volatile local specialty business provides opportunities for profitable growth throughout the insurance cycle.
The Hiscox Group employs over 3,000 people in 14 countries and serves customers worldwide. Through retail businesses in the UK, Europe, Asia, and the USA, it offers specialist insurance for professionals, business customers, and homeowners.
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