Berkley Construction Professional

What Berkley Construction Professional does

Berkley Construction Professional is a specialty insurance carrier providing professional and pollution liability coverage for U.S. construction contractors and project owners. Founded in 2015 as a division of Berkley Alliance Managers within W.R. Berkley Corporation (NYSE: WRC, Fortune 500, S&P 500), the company operates exclusively through retail and wholesale insurance brokers, employing a consultative underwriting model supported by an in-house claims team composed largely of attorneys. The company's core product portfolio includes PERFORM (a combined professional, pollution and protective liability policy for contractors), OPUS (owners protective professional indemnity for project owners), HARMONY (follow-form excess coverage), Faulty Workmanship Coverage (launched 2019), and a standalone Integrated Project Delivery (IPD) policy (launched 2024), each purpose-built for specific construction delivery methods and risk structures rather than adapted from generic commercial forms.

The underwriting and distribution model is relationship-driven: underwriters carry authority and autonomy to customize coverage per submission, with an explicit emphasis on consultative broker engagement rather than transactional quote-turning. Claims handling is performed in-house across multiple U.S. regional offices (Morristown NJ HQ, plus Irvine, New York, Orange County, and Philadelphia), with each claims professional capped at 125 matters or fewer to enable dedicated service. Revenue is generated through insurance premiums written on these specialty policies, with pricing quote-based and risk-adjusted per contractor or project owner. The company benefits from the parent group's A+ (Superior) A.M. Best and AA- (Very Strong) S&P financial strength ratings while retaining decentralized operational autonomy, and reports it has more than quadrupled premium since inception while remaining a focused, niche franchise within the broader Berkley network of 60 (re)insurance businesses.

Name

Berkley Construction Professional

Legal name

Berkley Construction Professional

Website

https://berkleycp.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Berkley Construction Professional is a specialty insurance carrier providing professional and pollution liability coverage for U.S. construction contractors and project owners, distributing exclusively through retail and wholesale insurance brokers under the W.R. Berkley Corporation umbrella.

Ownership category

akta.pro rank

Product category

Construction Professional Liability Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH)

akta.pro secondary industry

Professional Umbrella / Excess (E&O/D&O Wrap) (FSAJANAH)

Keywords

• Professional liability insurance
• Pollution liability insurance
• Contractors insurance
• Owners protective indemnity
• Construction risk management

Headquarters

HQ city

Morristown

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premium Revenue: Berkley Construction Professional generates revenue through insurance premiums from professional liability, pollution liability, and protective professional indemnity policies for contractors and project owners. The company offers customizable policies including PERFORM for contractors, OPUS for owners, HARMONY excess coverage, and specialized faulty workmanship coverage. Revenue is derived from policy premiums paid by contractors, construction managers, design/builders, trade contractors, and project owners.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Berkley Construction Professional underwrites and delivers specialized professional liability, pollution liability, and owners protective professional indemnity insurance for contractors and project owners in the construction industry. Its portfolio includes PERFORM (combined professional, protective, and pollution coverage for contractors), OPUS (Owners Protective Professional Indemnity), HARMONY (follow-form excess coverage), Faulty Workmanship Coverage, and a standalone Integrated Project Delivery (IPD) policy. The company also provides in-house claims services and risk management resources through the BDP Risk Learning Management System, distributing exclusively through retail and wholesale insurance brokers.

Product overview

Berkley Construction Professional is an insurance company offering a portfolio of specialized professional and pollution liability insurance products for contractors and project owners. The core products include PERFORM (professional, pollution and protective liability for contractors), OPUS (protective professional indemnity for owners), and HARMONY (excess coverage for contractors). Additional offerings include Faulty Workmanship Coverage, a specialized IPD Insurance Policy for integrated project delivery, Risk Management Services, and in-house Claims Services. The products work together to provide comprehensive coverage across the construction industry value chain.

Differentiator

Problem solved

Functional benefit

Brands

• PERFORM: Professional liability insurance policy for contractors providing professional, protective, and pollution coverages tailored to contractors' needs.
• OPUS
• HARMONY
• Faulty Workmanship Coverage

Products and services

• PERFORM Professional Liability Insurance for Contractors PERFORM is a professional, pollution, and protective liability insurance policy for contractors that combines professional, protective, and pollution coverages with separate insuring agreements for each exposure sharing the policy aggregate limit. It is tailored to contractors' needs and addresses complex professional and pollution liability risks.
• OPUS Protective Professional Indemnity Insurance for Owners OPUS (Owners Protective Professional Indemnity) provides project owners with broad protective professional indemnity and pollution coverage in the event of a significant economic loss, sitting excess of project team insurance and protecting against design errors and pollution conditions.
• HARMONY Excess Liability and Indemnity Policy HARMONY is a follow-form excess liability and indemnity policy that offers excess coverage for contractors. It is flexible and accommodating and can seamlessly follow nearly every possible permutation of underlying insurance.
• Faulty Workmanship Liability Coverage Faulty Workmanship Liability Coverage addresses property damage arising from faulty workmanship and addresses elements of property damage expressly excluded from ISO Commercial General Liability policies. It is triggered by third-party faulty workmanship claims.
• IPD Insurance Policy A standalone Integrated Project Delivery (IPD) policy designed specifically for collaborative construction projects with multi-party contracts and shared risk/reward structures, aligning with the contractual structure and risk-sharing characteristics of true IPD projects.
• Risk Management Services Practical risk management guidance, tools, and resources including contract review checklists, risk management plans, and educational presentations to help contractors and owners reduce claim likelihood. Includes access to the BDP Risk Learning Management System.
• Claims Services In-house dedicated claims team providing high-quality and personalized claims handling for contractors professional liability (CPrL), contractors pollution liability (CPL), and owners protective professional indemnity (OPPI) claims. Many team members are attorneys and caseloads are limited (125 matters or less per professional).

Quantifiable outcome

• Each claims professional handles 125 matters or less (well below industry average), enabling more focused service
• +2 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Markel: Specialty insurer with a Construction Practice offering professional liability, contractors pollution liability, and owners protective coverage to contractors and design professionals. Comparable to BCP through its specialty focus and broker distribution model.
• Beazley: Specialty Lloyd's insurer offering architects, engineers, and contractors professional indemnity and pollution liability coverage. Comparable to BCP in serving the construction professional liability market with purpose-built specialty products and broker distribution.
• Design Professionals Insurance Company (DPIC): Specialty insurer focused on professional liability for design and construction professionals. Closely comparable to BCP as a niche carrier serving architects, engineers, and contractors with similar professional liability forms and consulting-led underwriting.
• Hiscox: Specialty insurer offering professional indemnity and design/construction professional liability to design firms and contractors. Comparable to BCP through focus on small-to-mid-market professional liability needs served via broker channels.

Broad incumbents

• AXA XL (Construction Practice): Large global P&C insurer with a dedicated construction practice offering professional liability, builders risk, and wrap-ups. Overlaps with BCP on contractor and owner professional liability but offers these as part of a much broader portfolio.
• AIG (Construction Professional Liability): Global insurer offering construction professional liability and related specialty coverages within its broader commercial insurance franchise. Overlaps with BCP on construction professional and pollution liability lines.
• CNA (Victor O. Schinnerer): Major P&C carrier with the Schinnerer design professional practice offering professional liability to architects, engineers, and contractors. Comparable to BCP in serving design/construction professional liability but operating at greater scale within CNA's broader portfolio.
• Travelers (Construction Professional Liability): Major P&C carrier underwriting construction professional liability, contractors pollution liability, and owners protective coverage across the U.S. Comparable to BCP on product lines but operates at much greater scale and capital base within a diversified insurance portfolio.
• Chubb (Construction Practice): Global P&C carrier with a construction practice covering professional liability, general liability, and specialty coverages for contractors and project owners. Comparable product overlap with BCP but as part of Chubb's broad specialty insurance portfolio.
• Liberty Mutual Insurance (Construction): Major U.S. P&C carrier underwriting contractors professional liability, owners protective, and pollution coverages. Comparable to BCP in product scope but with significantly larger capital, broader geographic reach, and a diversified book.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/berkleyconstructionprofessional

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Berkley Construction Professional