Ironshore's Construction Industry Vertical, in conjunction with Ironshore Specialty Casualtyexpands coverage for the Designers and Contractors sector with a new combination policy covering Contractors Professional Liability, Contractors Pollution Liability and Pollution Mitigation in a single product suite.Ironshore's new Designers and Contractors Professional & Pollution (DCP2) Liability Policy form offers third party professional liability protection against damages related to Contractor negligence or its sub-consultant design professionals in the performance of professional services. The Contractors Pollution Liability component responds to job site incidents, non-owned disposal site occurrences and transportation risks. The included Pollution Mitigation Reimbursement extension may provide coverage for the costs of disciplinary proceedings and mediation incentive actions.
"Ironshore is committed to providing our clients with industry leading coverage designed to address the myriad of challenges facing the construction marketplace." said Ben Beauvais, Executive Vice President, Casualty & Construction. "As construction project delivery methods evolve over time, our underwriting experts will meet the changing requirements of contracting clients across the sector."
Coverage is underwritten on a claims-made basis for limits of up to $15,000,000.
Ironshore'sConstruction Industry Groupprovides customized risk coverages including surety, builders risk, professional liability, environmental, stand-alone terrorism, marine cargo, general/excess liability andwrap-up insurance. Ironshore offers a full suite of solutions available for all types of construction projects and delivery methods.
About Ironshore
Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks located throughout the world. Select specialty coverages are underwritten at Lloyd's through Ironshore's Pembroke Syndicate 4000. The Ironshore group of companies is rated A (Excellent) by A.M Best with a Financial Size Category of Class XIV. Pembroke Syndicate 4000 operates within Lloyd's where the market rating is A (Excellent) by A.M. Best, AA- (Very Strong) by Fitch, and A+ (Strong) by Standard & Poor's. For more information, please visit:www.ironshore.com