Rectification Claims: Creating the Proper Expectations
Source: https://www.irmi.com/, October 30, 2023
By: Jeff Slivka
Rectification coverage today has become a common insuring agreement or coverage part under a typical contractors professional liability policy (CPrL). Claims that trigger the rectification insuring agreement are on the rise with nearly every insurer offering the coverage in both frequency and severity. Known by some as rectification coverage and others as mitigation coverage, it is intended to circumvent what could otherwise be a lengthy process of litigation to recover costs associated with design, engineering, and/or other professional service errors created by an insured or those hired by the insured. Read more.