Aon Affinity, the consumer, association and program business of Aon (AON), announced that AXIS Insurance will be the new national program underwriter for A&E Advantage, Aon Affinity’s professional liability insurance program for architecture and engineering firms.
With AXIS Insurance, the A&E Advantage program will now be able to offer coverage for architecture and engineering firms with billings up to $7.5m.
"Aon Affinity is very pleased to expand our relationship with AXIS Insurance to provide an outstanding professional liability solution to architecture and engineering firms nationwide," said Bill Vit, president and chief executive officer for Aon Affinity.
The A&E Advantage program, underwritten by the member companies of the AXIS group of insurance companies, offers architecture and engineering firms the following benefits:
Design Professional Liability Insurance from a financially strong insurer. The AXIS insurance companies are rated ‘A+’ (Superior) XV by A.M. Best and ‘A+’ (Strong) by Standard & Poor’s.
Customizable coverage for a diverse range of architects, engineers and design firms.
No hammer clause in AXIS Design Professional Liability Insurance policy.
Supplemental Claim Expenses provided outside the policy limit at no additional cost.
Coverage for Disciplinary Proceedings Expenses and Subpoena Response Expenses.
Enterprise Security Event and Privacy Regulation Coverage.
Reputation Protection Coverage.
The program will also provide an array of risk management resources focused on helping architects and engineers understand and mitigate the exposures they face.
The A&E Advantage program agreement with AXIS Insurance is effective June 1, 2015, for new business.
AXIS Insurance also serves as the national program underwriter for Aon Affinity’s Attorneys Advantage program, which provides Lawyers Professional Liability Insurance for law firms with one to 25 attorneys.