As construction contractors incorporate project design and digital technologies into their businesses, Chubb has issued an advisory to help them understand and manage emerging professional liability and privacy and network security exposures.
Co-authored by two Chubb executives, the advisory, “New Business Models, Technology Raise Professional Liability Risks for Contractors,” explores various project delivery models, including combining architectural, design and contractor services in one contract, and new technologies that are being embraced throughout the construction industry. As contractors use these new models and technologies, they face new professional liability exposures linked to design. Additionally, they can encounter cyber exposures arising from modeling software and the confidential project, customer and employee data they store on their own or remote networks or with a cloud provider.
The advisory, which can be read here, covers the following facets of a contractor’s evolving role:

• Identification of liabilities associated with project delivery systems;
• Assessment and review of contractor’s growing cyber exposures; and
• Risk management strategies and professional liability coverages.

About Chubb
Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 30,000 people worldwide.