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Enhancements to AdmiralPro Design

In a significant move to bolster its offerings, Admiral Insurance Group, part of Berkley Company, has recently relaunched its flagship product, AdmiralPro Design. This revamped Architects and Engineers (AE) insurance product is specifically tailored to address modern challenges faced by wholesale brokers and their clients in the ever-evolving landscape of architecture and engineering.

Adapting to Market Changes

The relaunch comes at a crucial time when the AE sector is grappling with technological advancements, shifting regulations, and new project delivery models. Understanding these market dynamics, Admiral has reimagined its coverage to provide comprehensive protection against both traditional risks associated with the profession and newer challenges that have arisen with technological progress.

AdmiralPro Design now incorporates a range of flexible underwriting solutions that cater to the dynamic needs of brokers and their clients. The policy not only covers conventional liabilities but also extends protections for emerging risks such as:

• - Drone Liability: Addressing potential damages caused by aerial surveys and inspections.
• - BIM Integration: Coverage for liabilities arising from Building Information Modeling processes.
• - AI-Assisted Design: Protecting clients against errors or omissions related to artificial intelligence tools in design.
• - Cyber Events: Safeguarding against data breaches and cyberattacks on engineering and architectural firms.

Key Enhancements

Several key features have been added to the AdmiralPro Design policy:

• - Supplementary Payments: This includes coverage for reputation protection expenses, emergency pollution response, and initial decision maker coverage from the American Institute of Architects (AIA).
• - Cyber Suite Expansion: A broader scope that addresses various cyber-related risks.
• - Rectification Expenses: Funding to resolve design errors proactively before they lead to claims.
• - Revamped Policy Form: A more user-friendly format that simplifies the understanding and use of the insurance policy.
• - Streamlined Documentation: Faster processing times for quotes and policy binders, enabling quicker access to coverage.
• - Custom Manuscript Solutions: Tailored protections designed to meet the unique needs of clients.

Broker-Focused Approach

Ben Woodward, the National Underwriting Vice President at Admiral, emphasized that this relaunch signifies the company’s commitment to listen to broker feedback and adapt its offerings accordingly. “These enhancements empower brokers to serve their clients with increased confidence,” he said. The changes made reflect Admiral’s dedication to providing meaningful solutions that improve market competitiveness.

Experience and Trust

Admiral Insurance Group specializes in excess and surplus lines coverage for complex and high-hazard commercial risks. With a strong reputation, Admiral writes on behalf of Berkley member insurance companies, which hold an A+ (Superior) rating by A.M. Best Company. This solid backing provides reassurance for brokers and their clients, knowing they are partnered with a trusted name in the insurance industry.

To sum up, the relaunch of AdmiralPro Design not only enhances protection for architects and engineers but also showcases Admiral Insurance Group’s dedication to evolving with industry needs. For innovative and comprehensive insurance solutions tailored to the unique challenges of the architectural and engineering sectors, AdmiralPro Design stands out as a premier choice.