XL Insurance unveils new professional liability policy for small A&E firms

XL Insurance, the global insurance operations of XL Capital, has unveiled XLsmartadvantage, a new professional liability insurance program specifically designed for small architectural and engineering firms.

The XLsmartadvantage professional liability program offers one or two-year policy terms with limits up to $1 million.

The program also includes: dollar one defense, prior acts coverage beginning the third consecutive year of coverage, one time aggregate deductible at no additional cost, up to a 10% premium credit with loss prevention education program completion, and ongoing education opportunities including receipt of communique.

Alex Blanco, chief underwriting Officer of XL Insurance's design professional group, said: "For small architectural and engineering (A&E) firms, XLsmartadvantage offers quick and easy access to more than 30 years of professional liability underwriting expertise as well as the claims management services and loss prevention programs that have already helped protect profitability and drive growth for many of the nation's largest design firms."