Hamilton, NJ, May 19, 2016 --(PR.com
)-- New Day Underwriting Managers LLC, the leading specialty intermediary of environmental and construction-related professional liability insurance, and Berkley Construction Professional Underwriters, the leading provider of specialized construction professional insurance and pollution coverage, have teamed to “Investigate Mitigation/Rectification Coverage for Contractors” in a one-hour webinar scheduled for Wednesday, June 1 at 2:00 p.m. EST. Leading experts from both companies will explore the concept of mitigation of damages/rectification, its progression as a mainstream risk management tool and its impact on the world of contractor's professional liability.
“Rectification and mitigation of damages coverage is becoming increasingly prevalent due to its ability to indemnify the insured for costs incurred to remedy design errors or errors in professional services, while reducing the likelihood of third-party claims,” says Jeff Slivka, New Day’s President. “There are about 12 carriers offering some level of mitigation/rectification in their policies and the market continues to grow. This webinar will cover the latest trends and claims issues, which can vary quite dramatically from typical liability claim procedures.”
During this interactive exchange Slivka will be joined by Berkley Construction’s Ray Bustamante, Executive Vice President, and Laila Santana, Executive Vice President & Chief Claims Officer. The session will include a discussion of:
• Mitigation/Rectification Coverage terms and conditions
• The coverage’s impact on the Contractor's Professional Liability (CPrL) marketplace
• Mitigation/ Rectification claims handling issues
To attend this free online forum held by New Day on June 1, please register at https://attendee.gotowebinar.com/register/1655455867273126916 or email Sheryl.Barr@NewDayUnderwriting.com for more details.
About New Day Underwriting Managers LLC
New Day Underwriting Managers LLC is a specialty resource for agents and brokers, assisting them and their clients find appropriate, high-quality environmental and construction-related professional liability insurance coverages. The company offers agents and brokers single-point access to an ample portfolio of products and services provided by the nation's largest environmental and professional liability insurance providers. Additional company information can be found at www.newdayunderwriting.com