Monterey, CA, September 10, 2019 –(PR.com)– In response to today’s more complex projects and increasingly litigious business environment, Berkley Design Professional (Berkley DP), a division of Berkley Alliance Managers, a Berkley Company, now offers Per Project Primary (PPP) Limits of $1 million for Berkley DP policyholders. This $1 million limit applies to every project covered under their professional liability policy from the retroactive date through the end of the policy period.
“This innovative new coverage is a game changer,” says Lawrence G. Moonan, executive vice president and chief operating officer at Berkley DP. “For design firm owners and risk managers who struggle with the question of how much professional liability insurance is appropriate to purchase, we now offer an economical solution that will provide them with greater peace of mind.”
For additional premium Berkley DP policyholders have $1 million limits for every project their firm has ever designed and for which coverage applies.
An important benefit of PPP is the ability to satisfy the contractually required dedicated limits for a specific project without the purchase of additional professional liability insurance.
For more information about Berkley DP’s Per Project Primary Limits Coverage please visit berkleydp.com/coverages/per-project-primary-limits/
Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to underwriting and to the actual terms and conditions of the policies as issued.
About Berkley Design Professional
Berkley Design Professional specializes in professional liability products and services for the design professional industry. Berkley Design Professional is a division of Berkley Alliance Managers which is a member company of Berkley, whose rated insurance company members are assigned A+ (Superior) ratings by A.M. Best Company and A+ (Strong) ratings by S&P. For more information please visit berkleydp.com.
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