Nexus Underwriting Expands Professional Liability Coverage
Nexus Underwriting has broadened its US Professional Liability offerings by introducing Architects & Engineers (A&E) Professional Liability coverage. This new product is available nationwide, providing both primary and excess coverage on admitted and surplus lines paper. The coverage is underwritten by “A Rated” capacity partners and distributed through Nexus’ network of wholesale broker partners.
The A&E Professional Liability coverage is available for firms with revenues up to $500 million, with policy limits reaching $5 million. According to Katie Schneider, Vice President and Underwriting Director for Professional Liability at Nexus, this expansion aligns with the company’s strategy to enhance its U.S. Financial Lines portfolio by adding products tailored to various professional sectors. Schneider emphasized that the A&E product is designed to serve the design professional market through both admitted and surplus lines options.
Stacy Paquet, CEO and President of Nexus US, highlighted that the company is focusing on developing sector-specific insurance solutions in collaboration with wholesale brokers and capacity providers. This approach aims to address market needs and support the company’s continued growth in the US insurance market.
Architects & Engineers Professional Liability is a well-established segment within the broader professional liability insurance market. This coverage protects design professionals against claims alleging errors, omissions, or negligence in their services. It typically includes defense costs and indemnity for covered claims, with optional additional coverages such as pre-claims assistance, pollution incidents, and technology-related exposures.
The A&E liability insurance space in the US is served by a mix of major national carriers, managing general agents, and specialty insurers. Many providers offer tailored programs for firms of various sizes, often incorporating risk management resources and loss prevention services. The demand for this coverage remains steady, driven by ongoing commercial construction activity, infrastructure development, and regulatory requirements related to professional licensing and contracts.
