Hamilton, NJ, October 12, 2017 --(PR.com
)-- Jeff Slivka, president of New Day Underwriting Managers LLC, a leading specialty intermediary of high-quality environmental and construction-related professional liability insurance coverage, will address the “Anatomy of a Contractor’s Professional Liability Policy (CPrL)” at the37th Annual IRMI Construction Risk Conference to be held November 5 – 8 in Indianapolis, Indiana.
During his November 6th session titled “Solving the Contractors Professional Liability Puzzle,” Slivka will explore the advances in CPrL coverage forms including the evolution of contractors protective indemnity and rectification/mitigation (R/M) insurance. Both are designed to protect contractors from the defects created through their professional services as well as the errors and omissions committed by the design professionals they hire.
“Not long ago, CPrL was simply a professional liability coverage part,” says Slivka. “Today, it’s broadened significantly to include third party liability and coverage for first-party losses. As a result, the popularity of these coverage forms continues to rise as contractors become increasingly knowledgeable about the risks and potential claims associated with their services.
“This session will thoroughly review the scope of CPrL policies and how the various coverage parts join together to effectively protect contractors from professional liability risks. In addition, we’ll also analyze the applicability of R/M coverages and the ways their terms and definitions can vary greatly among carriers.”
For more information on the “Solving the Contractors Professional Liability Puzzle” session at the 37th Annual IRMI Construction Risk Conference please contact New Day Underwriting Managers at 609 298-3516.
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. More information about the company is available on their website at www.newdayunderwriting.com.