Owners protective professional indemnity policy (OPPI) provides project owners with an insurance solution should the architects or engineer's (A/E) coverage not be available or is insufficient. This allows the owner to control the program as the named insured and obtain project specific coverage in excess of the A/E's policy limit. The OPPI policy indemnifies the project owner for losses arising out of the A/E's negligence in performing professional services on the owner's project or projects.

Policies may be individual or multiple and may be annual or multiyear. A typical policy would provide coverage throughout the duration of the construction process with an automatic five year extended reporting period.

Customer Profile & Projects

• Airports
• Casinos, hotels, & resorts
• Design - build projects
• Power/ industrial
• Prisons
• Real estate developers
• Schools & colleges
• Transportation (toll roads, subways)

Policy Features

• Indemnity feature: owner indemnified for losses or damages in excess of A/E's available insurance or a (SIR) whichever is greater.
• Difference-in-conditions coverage: To the extent coverage is broader than A/E's policy, it will respond subject to the (SIR).
• Third party defense costs.
• Subrogation may be waived.

Owner Advantages

• Increased financial security through control
• Less expensive than project policies or wrap-up policies
• Supplements the A/E design professional's policy
• Reduces potential adversarial relations with design team
• Easier and faster underwriting
• Retroactive coverage is available
• 5 year automatic tail coverage
• Worldwide coverage
• Our policies cover project duration
• Third party defense costs covered