Prosurance Services

HOW PROSURANCE REDEKER GROUP DISTINGUISHES ITSELF

Prosurance Redeker Group, Ltd. distinguishes itself from the "general lines" broker as well as other brokers handling Architects and Engineers Professional Liability by the level of service we are able to provide our clientele, facilitated by our expertise in this specialized field.

Our daily involvement with Architects' and Engineers' Professional Liability allows us to stay current with insurance market conditions in this volatile area as well as developments in non-traditional risk transfer mechanisms, including risk retention groups, trade captives, and self insurance alternatives.

Our underwriting experience allows us to profile a firm in the most favorable light and effectively communicate a clients needs to the insurer. This expertise assures our clients that they are paying no more than they should for their specific exposure while receiving maximum protection.

After a policy is in effect, we continue to provide services in the areas of premium financing, risk management, contract review, premium allocation to an insured's client, project policies and coordination of all other lines of insurance. A comprehensive list of continuing services is included with our introduction. We encourage you to review this list and compare it with the services you are receiving now.

Considering the operating cost attributable to an Architects/Engineers Professional Liability Insurance program, a broker should lend significant value to the process of procuring coverage. A broker's compensation is included in the premium the A/E pays for insurance. If quantified services are not provided, the A/E is not receiving full value for the expenditure. The selection process for a design firms' insurance broker should be as carefully considered as the selection process for their accountant or attorney, as the insurance broker can have the same impact on a design firm's bottom line.

FULL SERVICE BROKERAGE FIRM

Prosurance Redeker Group, Ltd. is staffed with individuals fully experienced in all lines of Commercial Insurance products, which enables our clients to fulfill their insurance needs through a single source

General Liability, Business Property, Contents, EDP, Valuable Papers coverage, Workers' Compensation and Employees Liability, like Professional Liability requires specific treatment for a professional design firm in both rating and coverage. Failure to recognize the unique requirements of the design firm can result in substantial additional costs, or gaps in coverage.

Single source insurance representation eliminates "grey areas" focuses responsibility and service, and eliminates duplicating your efforts when insurance documentation to clients in the form of certificates is required.

a/e PRONET

Prosurance Redeker Group, Ltd. is a founding member of a/e ProNet, the National Network of Architects' and Engineers' Professional Liability Insurance Brokers. The purpose of a/e ProNet is described by the organizations objectives.

• To establish an internal information and resource sharing network for insurance brokers committed to serving the architectural and engineering professions;
• To provide a forum for strengthening communications with the professional liability insurance markets;
• To enhance the role and stature of the independent specialist broker with both the professions and the insurance markets which serve them;
• To promote professionalism among members and strengthen the services provided to architectural and engineering clients.

www.aepronet.org

a/e CHOICE

Prosurance Redeker Group, Ltd. is an original member of a/e Choice. a/e Choice is an elite group of high volume preferred representatives of the V.O. Schinnerer/CNA Architects'/Engineers' Professional Liability Insurance Program.

Eleven Times Square (1.1 Million SQ. FT.)
New York, NY
Architect: FXFowle

BROKER SERVICES

Ultimately, the services your insurance broker is capable of delivering determines their value in protecting your firm’s assets. As your broker, we are responsible for and provide services in the following areas:

• Develop a firm practice profile to identify exposures of various operations/entities.
• Selection of appropriate coverage forms.
• Coordination of component forms to satisfy overall liability needs.
• Provide information on market conditions and substantive issues that may affect the firm.
• Discuss all insurance facilities available to design professionals.
• Identify insurance requirements in your contracts for design services and communicate compliance on your behalf.
• Provide Certificates of Insurance or other confirmation of coverage to appropriate parties.
• Review your contracts for liability implications and identify areas of potential problems.
• Arrange Premium Financing Plans to facilitate cash flow.
• Coordinate Loss Prevention and Quality Assurance activities. This service may include a full day in-house seminar conducted by the Program Administrator's attorney.
• Publish and distribute a/e Practice Notes, a quarterly series of Risk Management articles.
• Facilitate your use of the contract review service provided by the Program Administrator's attorney in concert with your personal attorney.
• Coordinate claim identification, claim reporting, and monitoring of status through resolution.
• Investigate the potential use of Project Insurance on specific projects and assist the A/E in communicating the costs and benefits to the owner.
• Identify the "unit" cost of professional liability coverage and suggest methods for cost transfer to clients.
• Monitor and communicate coverage and rate trends for budgetary consideration prior to renewals
• Provide an information resource for all liability related matters.
• Consider the merit of pursuing non-traditional risk transfer alternatives including Self-Insured Retention Premium Stabilization Plan, Risk Retention Groups, Association Captive Insurance Companies, etc.
• Access viable facilities to satisfy coverage requirements.
• Submit Underwriting data to obtain quotations.
• Qualify Annual Billings and categorize Gross Billings components for various rate treatment. Identify a "Ratable" Billings Factor.
• Tailor "boilerplate" policy provisions to comply with the specific needs of the A/E firm.
• Negotiate favorable terms, conditions and pricing through effective communications with underwriters.
• Present quotations, alternatives and offer recommendations.
• Selection of appropriate Limits and Deductibles.
• Effect coverage via Binders and attachment dates.
• Review policies for continuity with previous forms and Binder requirements.
• Deliver and review policies with client. Fully explain policy terms, conditions, exclusions and endorsements.