US-based OneBeacon Professional Insurance has introduced a new Design Professional Liability product, which targets design professionals, including architects, engineers, designers and technical consultants, and features value-added benefits such as web-based risk management services.
OneBeacon Professional Insurance (OBPI) said that its Design Professional Liability coverage offers a number of features and benefits including: efficient application and renewal processes, tailored policy definitions, coverage for certain technology services, limited coverage exclusions, a project specific policy for primary insureds, and access to web-based services such as an interactive website and online resource center. Coverage limits are available up to $5 million.
Bruce Demeter, vice president of Design Professional Liability at OBPI, said: "The product line was developed with the modern-day design professional in mind. Our forms and coverage deliver tailored solutions for our policyholders. In fact, I am proud to say the product is specifically designed to provide an entirely better insurance experience for the design professional community."