One Project. Its Own Coverage.
A standalone professional liability policy structured around a single project, keeping that exposure separate from your firm's annual program.
When a project is large enough or carries enough professional exposure to warrant its own dedicated limit, a project specific policy is worth considering.
It covers one project, runs for one project lifecycle, and draws from its own limit when a claim arises. Your firm's annual program remains intact.
Coverage Overview
How Project Specific Professional Liability Works
Dedicated Project Limit
Assigned exclusively to the project it covers. A covered claim draws from its own limit, leaving your annual program unaffected.
All Project Participants
Can cover multiple firms under one policy, reducing disputes over whose annual program responds.
Full Project Lifecycle
Structured to cover design, construction, and a defined period after completion.
When to Consider It
Where Project Specific Coverage Tends to Be Relevant
Large or High-Value Projects
Keeps outsized professional exposure under its own policy, protecting the rest of your practice.
Projects With Multiple Design Professionals
A shared policy covering all parties reduces friction when a claim arises.
Project Owners and Developers
Protects the investment across the full project team regardless of which firm's work gives rise to a claim.
Projects With Unique or Complex Risk
Unusual project types or higher-risk jurisdictions can be difficult to address under a standard annual policy.
Key Considerations
A Few Things Worth Reviewing
Place Coverage Early
Coverage is broadest at the start of the design phase. We move early to make sure the policy is in place before exposure begins.
Project Value and Scope
Construction value, design fees, duration, and number of participating firms all affect coverage structure and market appetite.
Coordinate With Annual Programs
Overlaps and gaps between the project specific policy and participants' annual programs need to be addressed at placement.
Tail Coverage
We align the policy period with the project timeline and structure an appropriate extended reporting period.
The Process
Deliberate at Every Step
Step 1
Understand the Project
Scope, construction value, number of design professionals, timeline, and owner requirements inform how the policy is structured.
Step 2
Review Existing Programs
We identify overlaps and gaps between the project specific policy and participants' annual programs.
Step 3
Place Early
Coverage is broadest at the start of the design phase. We move quickly to make sure the policy is in place before exposure begins.
Worth Knowing
Questions That Come Up Often
How is this different from my annual professional liability policy?
Your annual policy covers your firm's ongoing professional services across all projects. A project specific policy covers one project under its own dedicated limit. A claim on the project specific policy does not affect your annual program — and vice versa, subject to how each policy is structured.
Who purchases the policy — the owner or the design firm?
Either may purchase the policy depending on project structure and contract requirements. Owner-purchased policies are common on larger projects, while design firms may also secure project specific coverage independently.
Does it replace my annual professional liability policy?
No. A project specific policy is intended to address exposure for a single project rather than ongoing operations. Both are commonly carried together depending on the project structure.
Often Paired With
What Firms Typically Review Together
General & Property Liability (BOP)
Helps respond when someone claims your business caused bodily injury or property damage.
Professional Liability
Helps respond when a client alleges your professional services caused a financial loss, project issue, or other damages.
Builders Risk
Responds to physical loss or damage during construction. Standard property policies typically exclude this phase.
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