The ACEC BIT Program offers a special Business Owner's Package for property and general liability exposures for engineering firms. Features of The Hartford Package include enhanced coverages that engineering firms need to protect against common industry risks and comply with typical client requests.
Billable Hours calculations for Business Interruption claims
No special exclusions for residential construction, condominiums, third-party action over claims
Improved language for covering joint ventures
No special exclusions for explosion, collapse, or underground construction
Standard pre-loss waiver of subrogation
Increased Property coverage for Valuable Papers, Accounts Receivable, Computers and Media, Models
Consulting Engineers Property Blanket Coverage with replacement cost value
Unique and ACEC-exclusive Property Forms
An added benefit of the ACEC BIT Program is the exclusive ACEC BIT Deductible Assistance Program provided by the Trustees of the ACEC BIT. The Deductible Assistance Program offers qualifying firms the opportunity to defray all or a portion of the firm's deductible responsibility for property and automobile damage claims. After your claim is processed by The Hartford, you can request reimbursement of up to $1,000 per claim and $10,000 aggregate for your deductible by completing the form here.
As a business owner, you probably wear many hats each day, leaving little time to think about your insurance coverage and how changes in your business over the past year may impact the type and amount of insurance coverage needed to protect it. It's a good idea to review your insurance needs annually, so please take a few moments to review the checklist below.
Answers to these questions will help to identify whether your existing business insurance coverage is appropriate or if changes are necessary when applying for coverage or speaking with a licensed insurance agent.