Very few companies write project insurance or owners protective insurance. There’s a reason for that. Every Project is unique. As a result, the covrage must be just as singular. That’s one of the reasons so few companies write it.
With a small number of project insurance providers available, it’s even more important to have a partner with a depth and breadth of experience. At PDI, we have decades of that experience. Which means we’re well acquainted with the complicated nature of the coverage. We’ll help increase the viability of your bid through the competitive pricing we can obtain. We’ll also make sure every detail is considered so your project begins with iron-clad coverage.
Project insurance and owners protective insurance are the most complicated and detailed coverages in the design professional field. PDI will help make them simple.
Project Insurance & Owners Protective Insurance: What’s the difference?
The protection offered by Project Insurance and Owners Protective Insurance is very similar. But the route the two policies take to arrive at that protection are very different.
In the simplest sense, Project Insurance is a comprehensive policy offering all the coverage you need while not relying on any of the coverage of the rest of your design team. Owners Protective Insurance is a potentially less expensive policy that takes into consideration the existing coverage held by the members of your design team.
But, again, that’s the simple answer. And this type of coverage is never simple. For a more detailed explanation, we suggest you call Terry Lee or Ken McComb at 317-570-6945.