General Contractors
Tailored industry coverage
Why purchase tailored coverage?
Contractors Professional Liability offers tailor made protection for contractors covering all construction professional services, whether they are performed in house or subcontracted. A Hiscox General Contractors policy also covers pollution liabilities arising out of construction operations.
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Core coverage:
- Professional Liability: claims alleging negligent design, engineering, construction management or consulting services performed by you or on your behalf.
- Contractors Pollution: pollution liability arising from your construction activities or operations. Includes coverage for mold, emergency response and restoration costs, pollutants in transport, and non-owned disposal sites. Available on a claims-made and occurrence basis.
- Protective Indemnity: covers an Insured’s financial loss (including cost overruns and delays) arising out of an act or error and omission of a subcontracted design professional. The claim must first be made against the responsible design professional.
- Rectification: advances funds directly to the Insured to rectify a design error, get the project back on track and avoid any potentially costly lawsuits or professional liability claims.
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Coverage benefits:
- Broad definition of professional services, including technology services, use of drones, and pro bono services
- Primary-noncontributory and blanket additional insured coverage for Contractors Pollution
- Blanket Waiver of Subrogation to Clients
- 70/30 Settlement Clause
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Coverage enhancements:
- Media and Advertising
- Crisis Management
- Pre-claims Assistance and Additional Payments
- At risk construction managers
- Design build contractors
- General contractors
- Capacity: Up to $10m
- Hiscox offers a comprehensive suite of products tailored to all construction professionals:
- Package coverage for General Contractors with the following products:
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Claims scenarios
Not sure what risks our tailored General Contractors Form would cover? We’ve brought some scenarios to life.