Beazley Creates Ground-breaking Risk Education Tools for Architects and Engineers

FARMINGTON, Conn., Jan. 22, 2013 /PRNewswire/ -- Beazley Group (BEZ.L), a leading insurer of professional liability insurance for design firms, has launched a redesigned web portal that gives clients and brokers access to industry-leading risk management materials.

(Photo: http://photos.prnewswire.com/prnh/20130122/NY46066 )

"Good risk management is not only protection against hugely expensive and time-consuming professional liability claims," said James Schwartz, US architects and engineers focus group leader at Beazley, "but can also be an important source of competitive advantage."

The web portal was created to heighten firm-wide awareness of risk issues and to offer insights and solutions. It includes:

"As a leading insurer for design firms of all sizes and with more than 25 years of experience, we have a unique perspective on the types of risks that are most threatening to design firms' finances and reputation," Mr Schwartz said.

"Risk management is not the responsibility of just one individual in the company, but of the entire firm. We urge risk managers to share these tools with all of their employees."

Note to editors:

Beazley plc (BEZ.L), is the parent company of specialist insurance businesses with operations in Europe, the US, Asia and Australia. Beazley manages five Lloyd's syndicates and, in 2011, underwrote gross premiums worldwide of $1,712.5 million. All Lloyd's syndicates are rated A by A.M. Best.

Beazley's underwriters in the United States focus on writing a range of specialist insurance products. In the admitted market, coverage is provided by Beazley Insurance Company, Inc., an A.M. Best A rated carrier licensed in all 50 states. In the surplus lines market, coverage is provided by the Beazley syndicates at Lloyd's.

Beazley is a market leader in many of its chosen lines, whichinclude professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.

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Beazley Creates Ground-breaking Risk Education Tools for Architects and Engineers