OPPI: An Insurance Alternative for Construction Project Owners

Catastrophic design or engineering errors have always been and will always be an inherent risk in the construction industry. Disasters such as the pedestrian bridge collapse at Florida International University in 2018, the Hard Rock Hotel collapse in New Orleans in 2019, and the Champlain Towers South condominium collapse in Florida in 2021 highlight the persistent risks of design flaws, engineering errors, aging infrastructure, and climatological impacts on the building industry. Incidents don’t have to make national headlines to tragically alter lives either. From a parking garage collapse in Massachusetts during demolition that killed a worker to a fatal building collapse in Washington, DC, during a renovation, the costs of design and engineering mistakes are high for all parties involved in a project, including owners. Read more.

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