Professional Liability Insurance for ACEC BIT
Your clients count on you for expert advice and professional services. But no matter how well-trained or careful you or your employees are, mistakes can and do happen—sometimes resulting in a lawsuit.
Professional liability insurance can provide the protection you need in these situations. Unlike general liability, which covers mainly bodily injury or property damage, professional liability can protect you and your business against damages that may arise from claims alleging:
- Errors or omissions
- Negligence
- Breach of duty
- Misleading statements
Professional Liability Insurance Customized for Your Business
ACEC BIT worked exclusively with Marsh U.S. Consumer to develop a professional liability insurance plan for ACEC Member Firms. Go to the Tell Me More tab and take a closer look at five reasons why many of your fellow engineers are protecting their business with this top-notch coverage today.
Request a free, no-obligation quote right now!
To request a free, no-obligation quote, call 1-800-338-1391 and speak with an ACEC BIT Sales Professional. Or, for added convenience, you can request a free quote online.
5 Reasons it pays to protect your business with Professional Liability Insurance through the ACEC Business Insurance Program!
1. Save time and avoid the hassle of shopping around.
As an ACEC Member Firm, everything needed to protect your business can be purchased from a single, reliable source.
2. Customize a plan that’s the right fit for your business.
Instead of one-size-fits-all coverage, you have the flexibility to customize a plan that meets your business’s needs and individual requirements—not someone else’s.
3. Feel secure that you're getting the best coverage available.
Rest assured that you're getting only the best value from a provider with a history of stability and top-notch customer service.
4. Keep costs down with valuable loss control and claims services.
The BIT and Marsh partner with reputable carriers with dedication and commitment to the A/E marketplace, and more specifically ACEC member firms. These carriers offer:
- Valuable loss control services including presentation of webinars for all insureds and seminars at client firm locations, upon request
- Quality claims administration services and flexibility regarding defense counsel selection
5. Enjoy fast, friendly service from an award-winning team of insurance experts.
As a program participant, you can look forward to service from a team of experts at Marsh that have consistently received outstanding customer satisfaction and loyalty ratings from ACEC member firms.
Get a free, no-obligation quote right now!
To request a free, no-obligation quote, call 1-800-338-1391 and speak with an ACEC BIT Sales Professional. Or, for added convenience, you can request a free consultation online.
How Will My Practice Be Protected through the BIT Professional Liability Program?
The first comfort we can offer you is that Marsh USA, Inc. brokers are skilled at finding and negotiating plans for our members. They do this constantly, providing competitive quotes from the leading underwriters. They review policy features with you. They compare rates and coverages. Additionally, Marsh USA, Inc. brokers will provide timely issuance of Certificates of Insurance so there are no work delays. Certificates can be requested directly on this site, or you may fax or call in your request for processing. The Marsh Team will review insurance and indemnification related provisions in contracts with guidance from the carriers, and seek special coverage endorsements as you require.
What are the Current Ratings for PLI Carriers?
Marsh and the ACEC BIT have also established minimum financial ratings for carriers within the ACEC BIT PLI Program. Carriers must maintain an A.M. Best rating of A- or better (or equivalent Moody's/S&P rating) and hold unencumbered policyholders' surplus of $50 million, which may correspond to an A.M. Best financial size category of VII ($50 million to $100 million).
A.M. Best’s Disclaimer
Marsh U.S. Consumer, a service of Seabury & Smith, Inc. or Seabury & Smith Insurance Program Management (Marsh) makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at http://www.ambest.com. See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of Marsh or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.
Standard & Poor’s (S&P) Disclaimer
Marsh U.S. Consumer, a service of Seabury & Smith, Inc. or Seabury & Smith Insurance Program Management (Marsh) makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. Standard & Poor’s (“S&P”) ratings are under continuous review and subject to change and/or affirmation. For the latest S&P ratings and reports, visit the S&P website at http://www.standardandpoors.com. S&P ratings reproduced herein appear with the written permission of S&P and do not constitute, either expressly or impliedly, an endorsement of Marsh or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. S&P is not responsible for transcription errors made in presenting S&P ratings. S&P ratings are proprietary and may not be reproduced or distributed without the express written permission of Standard & Poor’s.
Moody’s Disclaimer
Marsh U.S. Consumer, a service of Seabury & Smith, Inc. or Seabury & Smith Insurance Program Management (Marsh) makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. For the latest Moody’s ratings and reports, visit the Moody’s website at http://www.moodys.com. The Moody’s ratings reproduced herein do not constitute, either expressly or impliedly, an endorsement of Marsh or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. Moody’s is not responsible for transcription errors made in presenting Moody’s ratings. Moody’s ratings are proprietary and may not be reproduced or distributed without the express written permission of Moody’s.
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| Professional Liability Product (PLI) – General Contact Us |
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| Mailing Address: |
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Marsh U.S. Consumer
701 Market St. Suite 1100
St. Louis, MO 63101 |
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| (800) 338-1391 |
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| (888) 621-3173 |
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| Professional Liability Billing Information |
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| For billing questions regarding your Professional Liability Insurance, please contact Marsh/ACEC directly at (800) 338-1391. |
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| Professional Liability Claims Information |
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Contact Marsh directly at (800) 338-1391 and we will advise your carrier.
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| Claims, or circumstances that may result in a claim, should be reported immediately so that we may assist you in managing the risk. Early reporting of claims to carriers may result in reduced exposure to you. If you have received a demand letter, been served with a lawsuit, or received correspondence indicating there may be a liability exposure, you should provide us copies of these papers, either by fax or overnight mail. We will handle forwarding these materials to the underwriters. The phone number in St. Louis is (800) 338-1391. Fax is (888) 621-3173. |
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Coverages may differ by state. All coverages are individually underwritten. For a complete description of coverage terms and conditions, refer to the insurance policy. In the event of a loss, the terms of the policy issued will determine the coverage provided. This program is underwritten by Hartford Fire Insurance Company, CA Lic. # 5152, One Hartford Plaza, Hartford, CT 06155, and its property and casualty insurance company affiliates.
This is a communication from Marsh USA Inc., the Program Administrator.
The ACEC Business Insurance Trust, together with Marsh USA, Inc., makes available both Business Insurance and Professional Liability Insurance.
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To request a Professional Liability Quote please call an ACEC BIT Sales Professional Today!
1-800-338-1391
Or you can request a quote by going online.
Get Your Quotes Now!
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