XL Catlin's Design Professional Business Expands Insurance Coverage in the US Adding Protection for Design Technology and Individual Excess Directors & Officers Insurance
EXTON, Pennsylvania, Aug. 23, 2017 /PRNewswire/ -- To offer more thorough insurance protection for the work that design professionals are performing today, XL Catlin has added two new enhancements to its professional liability insurance for architects, engineers and other design professionals in the US, including an expanded professional services definition and Principal Protector Coverage for qualifying firms.
According to Doug Strong, Chief Underwriting Officer of XL Catlin's Design Professional business, "The Design sector is dynamic and our customers look to us to keep pace with their evolving risk exposures. Data sharing and technological advancements in design are changing the way architectural and engineering firms deliver their services to clients."
XL Catlin's Design Professional team has expanded the definition of professional services to include existing and emerging technologies used by design professionals in the delivery of their services. This includes the development of software programs, systems and applications; database design and maintenance; warehousing data generated by building information models, digital tools, etc.; hosting data and application sites; and website design for its design services clients.
To continue to support our clients' social responsibility commitments, XL Catlin also added Principal Protector Coverage, specifically for its large Design Firm segment. This coverage offers supplemental limits outside of the firm's policy limits for any current, former, or retired member or employee of the firm for negligence claims arising from their participation in a non-profit entity.
XL Catlin's Design Professional business provides professional liability insurance for architects, engineers and design consultants. Coverage is available for firms of all sizes and disciplines. XL Catlin's design professional coverage is accompanied by a variety of loss prevention assistance and risk management assistance including continuing education courses and access to XL Catlin's Contract eGuide.
About XL Catlin Insurance Operations
XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Businesses that are moving the world forward choose XL Catlin as their partner. To learn more, visit xlcatlin.com.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd.'s (NYSE:XL) insurance and reinsurance companies which provide property, casualty, professional and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. Clients look to XL Catlin for answers to their most complex risks and to help move their world forward. To learn more, visit xlcatlin.com.
SOURCE XL Catlin
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