Owners Protective Indemnity

Construct for construction project owners

Brit Global Specialty USA (BGSU) is excited to introduce Construct for construction project owners.

Construct for construction project owners provides first and third party protection for damages the insured project owner(s) may incur or be legally obligated to pay as a result of the negligence of design professionals or a design builder they engage on their project excess over and difference in conditions of coverage maintained by the design firm or design builder.


CONSTRUCT FOR CONSTRUCTION PROJECT OWNERS IS A UNIQUE INSURANCE PRODUCT PROVIDING FINANCIAL PROTECTION TO PROJECT OWNERS AS A COST EFFECTIVE OPTION TO TRADITIONAL PROJECT SPECIFIC PROFESSIONAL LIABILITY ALTERNATIVES. THE OWNERS PROTECTIVE POLICY IS WRITTEN SPECIFICALLY FOR AND IN THE NAME OF THE PROJECT OWNER(S). CONSTRUCT FOR CONSTRUCTION PROJECT OWNERS IS WRITTEN ON A PROJECT SPECIFIC BASIS OR FOR AN OWNERS WITH A MULTI PROJECT CONSTRUCTION PROGRAM THE POLICY CAN BE WRITTEN ON A “ROLLING” OR AN ANNUALLY RENEWABLE BASIS. 

Rich Hartman - Senior Vice President

Our Product

  • Project Specific Indemnity Protection that applies in excess and Difference in Conditions of collectible Design Liability Insurance Policies for Wrongful Acts or Pollution Events
  • Third Party Claims Defense & Indemnity protection for third party claims made against the Project Owner resulting from the negligence of a Design Professional or Design Builder
  • For an Owner with a multi project construction program CONSTRUCT FOR CONSTRUCTION PROJECT OWNERS can be written on a “rolling” or an annually renewable basis

Coverage

Download our product brochure for full details

  • Modular-based coverage form with up to three (3) potential coverage parts to CONSTRUCT your client’s policy: Protective Indemnity - Wrongful Acts, Protective Indemnity – Pollution Events, 3rd Party Claims Defense and Indemnity*
  • Coverage applies to traditional Design-Bid-Build or Design-Build Project Delivery Methods
  • Broad Definition of Design-Build to include At-Risk Construction Management or GC/CM Project Delivery
  • Limits of liability up to $10,000,000 for Each Coverage Part per claim, aggregate and policy aggregate for all Coverage Parts.
  • Protective Indemnity Coverage applies excess over and Difference in Conditions of all collectible Design Liability Insurance Policies
  • Third Party Claims Defense and Indemnity coverage*
  • Broad Definitions of Design Professional, Design Builder, Professional Services, Insured, Wrongful Act, Covered Operations, Pollution Event and Job Site
  • Worldwide Coverage
  • *May not be available for condo projects

Our appetite

  • Target Project Types (projects of all sizes)
  • Retail & Commercial
  • Civil/Public works Infrastructure
  • Governmental
  • Higher Education
  • K-12 Schools
  • Hospitals/Healthcare
  • Religious
  • Sports & Entertainment
  • Hospitality
  • Data Centers
  • Industrial/ Warehouse
  • Residential
  • P3 Projects
  • IPD Projects

Why owners protective

  • Coverage in the name of and dedicated specifically to the Project Owner(s)
  • Limits of Liability can only be diluted by claims made by or against the insured Project Owner(s)
  • Cost effective option to more traditional Project Specific Professional Liability alternatives