Single Project Liability
This is a type of Professional Liability insurance that is arranged around the lifecycle and needs of a specific construction project. Unlike conventional annually renewable policies it has particular advantages for project owners and for Joint Venture operators.
Covers all professional service providers involved in contract: architects, engineers, designers, construction supervision, qualified surveys and feasibility studies.
Cover includes contractors and consultants associated with the project whether working individually, as a joint venture or as a consortium.
Covers professional negligence claims against all parties throughout the life span of a contract and beyond: design, to construction to completion and up to 10 years discovery.
Like annually renewable Professionals Indemnity cover is on a claims made basis and once issued cover limits are non-cancellable.