Residential Design Exposures

Residential Design Exposures

Residential design exposure are of increasing concern to professional liability insurers or architects and engineers. The issues are various, and to a great extent depend on the nature of the project. In other words condominium/townhouse developments are viewed as...
Adequate Liability Limits

Adequate Liability Limits

We recently came across a good article from Barbara Sable, the AVP Underwriting at RLI, on how to determine if your limits are adequate. In the article she discusses several things to keep in mind: The state the claim occurs in can have a major impact The type of...
Attorney’s Fees’ Clauses in Professional Service Contracts

Attorney’s Fees’ Clauses in Professional Service Contracts

In the world of claims-related contract clauses for design professional agreements, the indemnity and defense clauses get all the attention.  However, lurking in the shadow of the indemnity clause is a menacing cousin with potentially even greater and more frequent...
Professional Liability Insurance for General Contractors

Professional Liability Insurance for General Contractors

Why would the General Contractor need Professional Liability coverage?   The General Contractor has the same “vicarious liability” for the negligent acts, errors or omissions of their professional subconsultants as they do for the non-professional subcontractors....
Insurance Protection for Business Overseas

Insurance Protection for Business Overseas

You’re probably more familiar with the terms Professional Liability or Errors and Omissions (E&O), but if you have clients who do business overseas, Professional Indemnity is a term you should probably familiarize yourself with. Depending on the...
Insuring Design-Build Risks

Insuring Design-Build Risks

Insuring design-build accounts entails understanding factors that are somewhat unique in the realm of insurance. Here’s an article from IRMI that does a good job of explaining some of the basic issues, namely:  1.) Risk Transfer is not enough – no one...