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What connects a tiny crack 
with a massive whack?

Our client designs aircraft hangers. When one of their huge projects developed some tiny cracks, a $1.5 million claim swiftly landed on their desk. As the claim proceeded through discovery, we suggested gaining a second opinion from an expert lawyer who knew every inch of Florida state law.

This produced a new defence strategy, based around the “consequential damages waiver” policy in their contract. It won the case, repelled two appeals, and cemented a powerful legal precedent in favour of enforcing such waivers. The perfect landing for our client, and good news for every engineer in The Sunshine State.

Beazley is a leading insurer of traditional professions, such as lawyers and architects and engineers, as well as other businesses that face growing professional liability exposures, such as software companies, consultants, media companies, and retailers. We provide our services principally through four integrated teams of underwriters and claims experts. In addition, we use our experience and expertise in these classes to reinsure other companies that focus on professional liability insurance.

What leaders say about the current environment?

  • 36%

    Of corporate leaders believe they currently operate in a high-risk environment, up from 31 last year.

  • 25%

    Cited war and terrorism as their number one threat, up from 22% last year.

  • Looking into 2024, we can expect the impact of natural catastrophes to continue to change the property insurance landscape.

It’s not what we do, but how we do it, that drives our difference.

Curious?

Insights on Professions and our products

  • Professions

    Beazley is a leading insurer of traditional professions, such as lawyers and architects and engineers, as well as other businesses.

  • Private Enterprise - Design/Build Contractors

    We have a dedicated Design/Build Contractors form that can be tailored to meet the needs of both US and Canadian domiciled risks.

  • Professional Liability - Architects & Engineers

    Liability protection for firms with significant regional, national or international opportunities; ENR top 50 firms and firms with a similar portfolio.

Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better.  A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond.  Simply put, at  Beazley we go to 11.  

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team.  Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.