OneBeacon Professional Insurance Introduces New Design Professional Liability Solution - OneBeacon Insurance Group - Insurance News | InsuranceNewsNet

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November 29, 2009
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OneBeacon Professional Insurance Introduces New Design Professional Liability Solution – OneBeacon Insurance Group

Copyright:  Insurance Business Weekly via VerticalNews.com
Source:  Insurance Business Weekly
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OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group (NYSE:OB), announced its new Design Professional Liability product. This solution targets design professionals -- including architects, engineers, designers and technical consultants -- and features value-added benefits such as Web-based risk management services.Said Bruce Demeter, Vice President of Design Professional Liability at OBPI, "This product line was developed with the modern-day design professional in mind. Our forms and coverage deliver tailored solutions for our policyholders. In fact, I'm proud to say the product is specifically designed to provide an entirely better insurance experience for the design professional community."OBPI's Design Professional Liability coverage offers a number of specialized features and benefits including: efficient application and renewal processes, tailored policy definitions, coverage for certain technology services, limited coverage exclusions, a project specific policy for primary insureds, and access to Web-based services such as an interactive Web site and online resource center. Coverage limits are available up to $5 million.In addition to these features, clients will receive an experienced and dedicated claims team, risk management services and tailored programs for small to midsized firms.For more information about OneBeacon Professional Insurance's Design Professional Liability Insurance, visit www.onebeaconpro.com > Coverages > Professional Liability.OneBeacon Professional Insurance is a member of OneBeacon Insurance Group that specializes in professional liability solutions for targeted industries including hospitals of all sizes, physician groups, managed care organizations, long-term care facilities, health care facilities, media organizations, real estate professionals and lawyers. Additionally, OneBeacon Professional Insurance provides employment practices liability insurance, management liability and tailored products for complex organizations including health care provider excess insurance and HMO reinsurance.About OneBeacon: OneBeacon Insurance Group's underwriting companies offer a range of specialty and segmented commercial and personal insurance products sold through select independent agents, regional and national brokers, and wholesalers. As one of the oldest property and casualty insurers in the United States, OneBeacon traces its roots to 1831 and the Potomac Fire Insurance Company. Today, OneBeacon's specialty insurance businesses are national in scope, while commercial lines business is produced in select territories throughout the United States. Personal lines business is concentrated in the Northeastern United States.OneBeacon's U.S. headquarters is in Canton, Massachusetts. The company is publicly traded on the New York Stock Exchange under the symbol "OB".Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

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