While RLI Insurance Company has been in business for over 50 years, the RLI Design Professionals Program is celebrating their 9th year in business! RLI was named a five-star carrier through an independent survey of agents and brokers conducted by Insurance Business Magazine. Maloney & Company, LLC is very comfortable with the RLI Design Professionals Program – here are some insights:
Who they cover:
Architectural firms
Landscape architects
Civil engineers
Surveyors
Mechanical engineers
Structural engineers
Electrical engineers
Interior designers
Technical design consultants
Coverages:
Worldwide coverage
Pollution incident coverage
Definition of “Insured Person” includes temporary or leased personnel and retired personnel
Predecessor firm coverage, including joint ventures
Automatic 90-day coverage for acquired or merged entities
Marital or domestic partner extension
Innocent insured provision
Deductible mediation credit of 50% subject to a $12,500 maximum
Defendants′ reimbursement of expenses — $500 per day subject to $12,500 maximum (reimbursement applies day one)
Punitive damages extension where allowable by law
Blanket waiver of subrogation provision
Automatic excess coverage for separately insured projects
Cost effective options to increase policy limits
Extended reporting period options up to 5 years
Directors & Officers, Fiduciary Liability and Employment Practices Liability coverages
High SIR (Excess) programs up to $10M limits
The RLI Advantage:
Free continuing education credits
Up to 10% discount on the professional liability premium through our risk management webinars
Complimentary contract review services
Additional 2% premium credit when we also insure your firm’s P&C coverages
Free pre-claims assistance
Proactive risk management guidance
RLI measures their success based on the service they provide, and the relationships they build with customers and brokers; their great financial performance doesn’t hurt too. 9 years strong – we are lucky to have such a great relationship with such a great carrier!
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