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Project Liability Insurance

Project Liability Insurance

Definition

A form of architects and engineers (A&E) liability coverage in which coverage applies only to an insured's work on a single project rather than to the entire scope of an insured's practice. Such policies are advantageous because they provide coverage for all members of a project's design team, reduce the incidence of disputes in the event of a claim, ensure coverage continuity following completion of work, and facilitate the availability of high limits needed on large projects.

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