Source: https://www.businessinsurance.com/, November 1, 2023
By: Matthew Lerner

The market for architects and engineers professional liability coverage has remained largely stable in recent years as other lines have seen price hikes and capacity constraints, but some projects and structures can still be challenging to insure.

Major construction projects and condominiums can present particularly thorny challenges, experts say. The longevity of large projects deters many insurers, and the ownership structure, population densities and nonprofessional management boards of condos raise concerns. Read more.