April 22, 2013

ProSight Launches New Partnership with CMAA and Unveils New Construction Managers Program

After a five-year slump, the construction industry is anticipating a strong summer just as FEMA funds reach homeowners affected by Hurricane Sandy. Now is the time for ProSight to team up with the Construction Managers Association of America (CMAA) and offer construction managers first-in-class coverage exclusively endorsed by CMAA.

We feel the time is right to get into the construction management segment and offer some unique features and coverage differentiators. Our new Construction Managers program features a joint professional and general liability policy that allows for a consistent approach to claims; provides coverage for expenses even before a claim has been filed; and gives CMs best in class claims handling.

We offer competitive pricing and distribution with our program partner Quaker Special Risk – who has more than 50 years experience working in the construction industry. And, preferential rating for Certified Construction Managers is an important part of our offering, recognizing that the CMAA’s certification program means our customers have an unmatched level of education.

Utilizing our claims experience and underwriting in this segment, we’re able to bring together forms and products that pay special attention to the unique nature of the coverages needed to serve this industry.  We are excited about our new policy that packages PL and CGL lines. That means there’s a single point in time each year to make insurance purchase decisions.

On the claims side, construction managers may have had concerns about where a claim would lie – if it would be covered under the CGL or the PL. A big plus of having one package policy will be a consistent approach to claims management.

We also are pleased to offer two program differentiators – our Subpoena and Disciplinary Expense Coverages. If you’re brought into a lawsuit or if you’re served with a subpoena, we want to jump in early, figure out what’s going on and help you out.

As your insurer, we’re going to help you through the whole process, from start to finish, with products designed for the construction manager in mind. After all, we are the professionals dedicated to providing solutions for the needs of the Construction Manager!