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Peoria |
Architects/Engineers
We design and build peace of mind and creative insurance solutions for creative clients: like you. Holmes Murphy is uniquely qualified to meet the liability business insurance needs of architects and engineers. Turn to us for risk management, loss control, contract reviews, and asset protection. Our insurance experts are dedicated to shaping the future - offering designers and builders fast, effective solutions that save you time, money, and stress while keeping your projects on track.
Am I providing professional services?
PROFESSIONAL SERVICES means the those services performed for others in the
practice of architecture, engineering, land surveying, landscape architecture, interior design, construction management, environmental consulting, including:
• The performance of studies, surveys, assessments, evaluations, consultations, inspections, observations, scheduling, sequencing, or training; or
• The preparation of reports, opinions, recommendations, permit applications, maps, drawings, designs, specifications, manuals, instructions, computer programs for designed systems, or change orders; or
• Construction management, quality control, monitoring, testing or sampling necessary to perform any of the services listed above; or
• The supplying of furnishings as a part of interior design services.
As the exclusive broker for XLDP (formerly DPIC), Holmes Murphy provides our design professionals access to the leader in the industry. XLDP’s program is built on the experience and data gained from DPIC’s more than 30 years of serving the design community. They are the exclusive carrier offering premium credits for participation in Education and Risk Allocation.
As a full service broker, Holmes Murphy has access to a number of Professional Liability carrier including, but not limited to: St. Paul Travelers, RAMCO, Zurich North America, and Lexington. These partnerships allow us to provide you with the best possible program, relationship, and pricing.
Medical Malpractice for Physicians
Holmes Murphy & Associates has been serving the medical needs of Iowa physicians for decades and because of our success, our carriers have contacted us to transplant that expertise in the Central Illinois area. Our Peoria team works with clients to reduce the cost of risk, raise operational performance, consult on risk-related matters and serves as a professional administrative resource.
Today, more than ever it is important to understand what is happening in the medical malpractice marketplace. Holmes Murphy is able to find alternative options for you and use our buying power to serve as your advocate in securing the highest quality/lowest cost malpractice coverage.
Holmes Murphy offers a total service continuum, including the following professional insurance and risk management services:
• Risk Analysis and Guidance
• Loss Control Management
• Carrier Negotiations for Best Value Protection
• Ongoing Strategic Direction
• Program Management and Coverage Administration
• Claims Process Management
• Malpractice Claims Recovery Direction
• Dedicated Client Advocacy
• Clinical Risk Management Coordination
• No Surprises Communication
Market conditions result in carriers coming or going, but in any circumstances, Holmes Murphy & Associates is here to serve the needs of our physicians clients. We place business with insurers who have an A.M. Best “A” rating and offer clinical risk management and client-friendly claims management services. We will do the work for you so that you can focus on your practice and provide the highest quality care to your patients.
The current insurance market is volatile with rates changing dramatically and carriers leaving the marketplace. It’s never too early to begin to seek alternatives. By allowing us the opportunity to proactively perform a no obligation diagnostic review of your insurance coverage and risk exposure, we can help you to avoid the aches and pains of finding options to your current coverage.
Accountants Professional Liability
These are difficult and challenging times for CPA's. On top of the new regulatory requirements being imposed in many states, problems have been plaguing the CPA professional liability insurance market. As a result, many insurers have sharply increased premiums, reduced or eliminated valuable coverage features, or exited the market entirely.
Holmes Murphy is uniquely qualified to meet the liability business insurance needs of Illinois CPAs.
• Tailored Risk Solutions-We are the exclusive Central Illinois agent for CAMICO. CAMICO has an inside knowledge of all aspects of the professional and its professional liability needs that other insurance carriers do not have. Specialized programs help you find the right professional liability program that minimizes risk through insurance, proactive loss prevention and expert claims service.
• Specialized Expertise-We offer accounting professionals fast, effective insurance solutions that save you time, money and stress while keeping your focus on serving your clients needs.
Holmes Murphy & Associates has partnered with CAMICO to provide Central Illinois Accountants with insurance they can count on. Holmes Murphy & Associates also offers specialized business insurance package programs tailored to fit the needs of the accounting profession.
Holmes Murphy & Associates is your Central Illinois expert in Professional Liability. Our local presence and industry knowledge allows us to be an advocate for your profession.
Contractor’s Professional Liability
Turnkey building projects are becoming increasingly popular with owners because they provide a single source of control and responsibility while at the same time providing a more economical and efficient result. Not all contractors who pursue turnkey design/build projects have in-house capability to design what they construct. Those who do, have access to traditional design/build professional liability markets. Those who do not must bear the liability that accrues to them, either contractually or vicariously (their contingent liability), as an uninsured business risk.
Contractors Professional Liability provides security of:
• Protection for the Prime Contractor’s exposure arising from allegations and claims of design error against the design team hired by the Contractor. Contractors Professional Liability provides the Named Insured Contractor under the policy both a defense against such allegations as well as the payment of damages for which the contractor becomes legally obligated.
• Professional Liability coverage applying in the event the Contractor’s sub-consultants professional liability fails to provide sufficient limits of liability to cover a loss, or in the absence of such coverage by reason of exhaustion of limits, non-renewal by the carrier or a lapse of coverage protecting the sub-consultant due to retirement, financial incapacity or other reasons.
• Professional Liability coverage for design, design/build and construction management can be combined on the same policy.
• Traditional General Liability policies exclude professional services & are only triggered in the event of a Bodily Injury or Property Damage occurrence. Professional Liability provides contractor’s coverage for any claims (subject to exclusions) arising from their professional services. Examples of risk include cost overruns and schedule delays.
For more information contact:
Paula Dixon, pdixon@holmesmurphy.com
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