New Day partnered with the retail broker and the insured to enhance an existing Contractor’s Protective Professional Indemnity (CPPI) policy. This teamed approach involved New Day and our broker partner meeting and working with the Insured on several contracting and coverage issues. New Day’s efforts included the following:
New Day’s hands-on approach resulted in the following:
– Expanded definition of Professional Services including property management and real estate development
– Claims/incident reporting provisions would ensure that notification be made to directors/officers and risk management personnel only.