Project-Specific Policy
A professional liability policy for one project only, with its own limit separate from the firm's annual policy.
What it means for your firm
Owners of large projects sometimes require it, or pay for it, so a claim on their project cannot use up the firm's annual limit.
Articles that explain it
Finishing Another Firm’s Project. What Happens to Your Professional Liability When You Stamp Drawings You Didn’t Start Your Client Wants $5M and You Carry $2M: Options for One Project My Client Wants to Be Additional Insured on My E&O. Can They? Insurance for Naval Architects and Yacht Designers in Florida: What Your Policy Needs to Say Project-Specific Limits Keep Piling Up: When a Blanket Makes Sense “Name Us on Your E&O.” What to Send Back
General definition for education only. It is not an interpretation of any policy or contract, and it is not legal advice. The wording of your own policy and contract controls. Policies and definitions vary by insurance company.
Talk to a specialist
Tell Us About Your Firm. We’ll Tell You What We See.
Starting out or renewing, with a policy in hand or not. If something is worth discussing, we’ll call. If not, we’ll say so.