What type of business is it good for?

  • Project owners
  • Project developers


Richard Zarandona
Executive Vice President
Insurance
New York, NY
rich.zarandona@axiscapital.comrich.zarandona@axiscapital.com
Tel +1-908-508-4324Tel +1-908-508-4324
Customized policy structures
/images/default-source/icons/130.svg?sfvrsn=4423d390_2Professional and pollution protective project coverage
/images/default-source/icons/157.svg?sfvrsn=d9f1dace_2$25 million limit capacity
AXIS Insurance's Owner & Developer Project Protective Policy (ODPP) is a form of owner controlled insurance program that provides professional and pollution protective insurance as well as third-party defense. ODPP enables project owners and developers to better control the costs, scope and security of the professional liability (E&O) and pollution liability coverage for their projects. ODPP also provides an easier, more efficient means of handling the procurement and implementation of project insurance. The ODPP solution can be implemented on nearly all types of design and construction projects. 

AXIS claims is proactive and ensures clients get expedient claim representation and resolution. The AXIS design professional and environmental underwriting and claims team has more than 100 years of combined industry experience.

Solution

AXIS Protective Indemnity Insurance

Insurance
The policy will indemnify the named insured for damages or losses in excess of their design professionals' or contractors' available practice policy insurance or self-insured retention, whichever is greater. The policy will indemnify the named insured for damages or losses in excess of their design professionals' or contractors' available practice policy insurance or self-insured retention, whichever is greater.

Solution

AXIS Third-Party Claim Defense Insurance

Insurance
Covers defense costs for third-party claims arising out of the services performed by the named insured's design professionals or contractors. Covers defense costs for third-party claims arising out of the services performed by the named insured's design professionals or contractors.

  • Coverage for single or multiple projects
  • Annual or multi-year policy terms 
  • Extended reporting period equal to statute of limitations
  • Lenders (financiers) can be added as additional insureds
  • Worldwide coverage, where permissible by law
  • Optional coverages

ARCHITECTS & ENGINEERS LIABILITY 3

  • Protective pollution liability 
  • Split limits 
  • Rolling programs 
  • Project cancellation protection
  • Reputation protection
  • Subpoena response expense
  • Bankruptcy proceedings expense
  • Expense reimbursement for legal proceedings
  • Regulatory actions reimbursement (ADA/FHA/OSHA)

New construction and renovation projects including:

  • Commercial retail 
  • Capital improvement 
  • Healthcare 
  • Education 
  • Office buildings
  • Airports
  • Stadiums and arenas
  • Manufacturing 
  • Municipalities
  • Mixed-use 
  • Apartments
  • Hospitality

All capabilities (including deductibles, self-insured retentions, limits of liability and minimum premium) are for illustrative purposes only as to products offered by AXIS insurers licensed in the state and not necessarily indicative of the capabilities of any other AXIS company.

Not all insurance coverages or products are available in all states and policy terms may vary based upon individual state requirements. Issuance of coverage is subject to underwriting and coverage depends upon the actual facts of each case and the terms, conditions and exclusions of each individual policy. anyone interested in an insurance policy should request a copy of the policy itself for a description of the scope and limitations of coverage The information on this Website is provided for informational purposes only and is not an offer to sell, or a solicitation to buy, any particular insurance product. No insurance product is offered or will be sold in any state in which such offer or solicitation would be unlawful under the laws of such state. Certain products may be offered by AXIS companies not licensed in your state and therefore may only available through a licensed surplus lines broker. Surplus lines insurers do not generally participate in state guaranty funds and insureds are not protected by such finds, and surplus lines insurers are not always subject to the same insurance regulatory standards applicable to licensed insurance companies.

Documents

AXIS Owner & Developer Protective Professional Indemnity Insurance Application

Documents

AXIS Owner & Developer Protective Professional Indemnity Insurance Appetite Guide

Experienced and efficient claims management

claims-resolution

The Benefit

of Being the Named Insured in the Event of a Claim

This policy covers the defense of owners or developers when they are named in a suit where the liability is with the designer or contractor. Our claims professionals make sure holders of AXIS Owner & Developer Protective Professional Indemnity Insurance have the expert witnesses and specialized attorneys they need to minimize the distraction, reputational damage and financial cost of a claim.

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