Project-Specific Coverage

Project-Specific Coverage

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Victor offers project-specific professional liability coverage with a focus on projects with up to $300 million in construction values. Certain commercial, infrastructure, educational, healthcare, residential and mixed use projects are eligible for coverage. Design-bid-build, design-build and other alternative delivery methods will be entertained for possible quotation. Project-specific coverage is also available with a dedicated policy form for firms entering into integrated project delivery (IPD) contracts. The project-specific policy provides a policy term with the expiration date being the date of substantial project completion. The policy also includes a standard extended reporting period following the substantial completion of construction of up to 5 years. Requests for longer extended reporting periods with up to a maximum of ten years of total project specific policy coverage will be reviewed and considered. More information is available at https://www.victorinsuranceus.com/Architects-and-Engineers/Project-Specific/.

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