The general contractor on a construction project had insufficient professional liability coverage to satisfy our client’s insurance requirements. The incremental cost to secure this additional coverage was quoted at $408,000 – a cost that was going to be absorbed by our client.

As the insurance and risk advisor on this construction project, CPG explored alternative options to effectively mitigate a professional liability loss and tabled the idea of utilizing an owners protective professional indemnity (OPPI) insurance.

CPG was able to enroll the project in an OPPI program at a cost of $114,000 – saving the project over $290,000 with better overall coverage.