New Construction Liability Program by Eirion Risk with Beazley Support
Eirion Risk Underwriters has announced the launch of its new Construction Professional Liability (CPL) program, a specialized insurance solution designed to address the evolving risk landscape faced by contractors and other stakeholders in the construction industry. The program reflects a growing need for comprehensive coverage as construction professionals take on increasingly complex responsibilities across a wide range of projects.
As the industry continues to evolve, contractors are no longer limited to traditional roles focused solely on execution. Instead, they are becoming more deeply involved in design, planning, and project management, which exposes them to a broader set of professional liability risks. Recognizing this shift, Eirion has developed a program that offers targeted coverage options tailored to the specific needs of modern construction projects.
The CPL program includes a suite of coverage solutions, providing flexibility for different project types and operational structures. Among its offerings are Annual Contractors Professional and Pollution Liability (CPPL), which provides ongoing protection for contractors across multiple projects, and Project-Specific CPPL, designed to cover individual developments with unique risk profiles. Additionally, the program includes Owner’s Protective Professional Indemnity (OPPI), which offers protection for project owners against professional liability exposures arising from contractors and consultants.
A key strength of the program lies in its financial backing. The coverage is supported by highly rated capacity from Lloyd’s of London, one of the world’s most respected insurance markets. The program is led by Beazley, a well-known insurer with expertise in specialty risk underwriting. This backing provides policyholders with confidence in the program’s financial stability and claims-paying ability. Coverage limits are available up to $10 million per claim, with additional follow-form excess options for clients requiring higher levels of protection.
Michael Davis, Managing Director of the CPL program at Eirion Risk Underwriters, emphasized the importance of aligning insurance solutions with the realities of today’s construction environment. He noted that as contractors assume greater professional responsibilities, the need for robust and responsive insurance coverage becomes increasingly critical. The CPL program was developed to bring together experienced underwriting, strong policy structures, and effective claims management, ensuring that brokers and their clients receive comprehensive support.
One of the distinguishing features of the program is its Continuity of Coverage provision. This enhancement is designed to provide additional flexibility for insureds when it comes to reporting professional liability claims. In many cases, strict reporting requirements can create challenges for policyholders, particularly when claims arise after a policy period has ended. By offering extended reporting grace for clients who maintain continuous coverage within the program, Eirion aims to address this issue in a practical and client-focused manner.
Kellan Quinn, Co-President of Eirion Risk Underwriters, explained that the company’s approach is centered on delivering coverage enhancements that reflect how construction projects operate in real-world conditions. He highlighted that the Continuity of Coverage provision is intended to support long-term relationships between insurers and insureds while maintaining disciplined underwriting standards. This balance between flexibility and risk management is a key component of the program’s design.
The CPL program is being made available nationwide through a network of select wholesale and retail brokerage partners. These partners specialize in construction and professional liability risks, ensuring that clients receive expert guidance in selecting and structuring their coverage. By working closely with experienced brokers, Eirion aims to deliver tailored solutions that meet the specific needs of each client.
In addition to its product offerings, Eirion places a strong emphasis on service and expertise. The company’s underwriting team brings significant industry knowledge, enabling it to assess complex risks and provide informed recommendations. This expertise is complemented by a focused approach to claims management, ensuring that policyholders receive timely and effective support when issues arise.
The launch of the CPL program also reflects broader trends within the insurance industry. As construction projects become more complex and integrated, the lines between different roles and responsibilities are increasingly blurred. This creates new challenges for risk management, requiring insurance solutions that are both comprehensive and adaptable. Programs like Eirion’s CPL offering are designed to address these challenges by providing coverage that aligns with modern project delivery methods.
Eirion Risk Underwriters is part of the Beyond Risk family of companies, a specialty insurance platform focused on building and supporting underwriting businesses that serve complex and evolving risk markets. This affiliation provides additional resources and strategic support, enabling Eirion to develop innovative products and expand its presence in the market.
Looking ahead, the company is positioned to play a significant role in supporting the construction industry as it navigates an increasingly complex risk environment. By combining strong financial backing, specialized expertise, and a commitment to practical solutions, the CPL program offers a compelling option for contractors, project owners, and other stakeholders seeking reliable protection.
In conclusion, the launch of Eirion’s Construction Professional Liability program represents a timely and strategic response to the changing needs of the construction sector. With its comprehensive coverage options, flexible features, and strong underwriting foundation, the program is designed to provide the protection and confidence that today’s construction professionals require to succeed in a dynamic and challenging environment.
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