Businesses in construction, real estate and other industries can expect challenges, as well as opportunities, as they prepare to renew or buy environmental and construction‑related professional liability coverages in the remainder of 2025. Overall, insurance market conditions are stable across most lines. Some will become more competitive as new players enter the  marketplace, which is […]

Fertilizers and pesticides have increased crop yields for centuries, but they also create broader problems that increase pollution liability risks for farmers. Legislative and legal developments in the past several decades have led to unfortunate consequences: agricultural runoff is polluting rivers and oceans, and farmers and agribusinesses are exposed to environmental liability from everyday activities […]

Progressive design/build and design/build are both project delivery methods that integrate design and construction services within one  contract. However, they differ in structure, process, and how the project moves forward. Progressive design/build raises anxiety for  insurance companies, which are concerned by exposure to professional liability claims involving project-specific coverage for design/build  or progressive design/build teams […]

Contractors professional liability and general liability insurance provide different but complementary protections for construction firms. Each policy form has nuances that are important for agents and their insureds to understand. The construction industry is a diverse sector  with many different roles, each with their own liability exposures. For example, general contractors and design professionals are […]

Professional protective indemnity coverage is an effective financing mechanism for contractors and owners who are hiring design professionals or engineering firms. Both owners protective indemnity and contractors protective indemnity coverage insure against the risk of catastrophic damages caused by hired design professionals or engineering firms. 1 Read more.

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 […]

Each year, contractors face an increasingly diverse array of exposures and a growing list of options for managing those exposures. A common solution is the transfer of risk via a portfolio of insurance products—but coordinating the purchase of multiple insurance products is often complicated by the inconsistency in coverage terms between different insurers. This is […]

Choosing the right professional liability insurance for a specific commercial construction project can be tricky and complicated, if not damn near exhausting and frustrating. It doesn’t matter if the policy is designed to protect owners, design professionals (DPs), design builders (DBs), or general contractors (GCs), all the complexities surrounding today’s project delivery methods, contracts, and […]

Many contractors professional liability (CPrL) insurance claims are denied simply on the basis that the error, incident, and/or circumstance was reported after the date required within the insured’s policy. As a result, CPrL insurance holders should be well-versed in all the facets of their policies, especially the ones that can negate claims and forfeit the […]

FOCUS: RT Specialty’s Environmental and Construction Professional Practice (RT ECP) has been helping agents and brokers navigate the complex commercial insurance marketplace for 17 years. This includes the development of strategic risk management solutions designed to protect businesses from the challenges confronting contractors, property owners and developers. RT ECP introduced this program to provide agents and brokers […]

The design-bid-build project delivery method has dominated the construction landscape for many years. Under this methodology, contractors commonly bid on fully completed designs drawn to code with cost estimates, specification guidelines, material recommendations and other pertinent details already included in the planning. The design documents are developed by the design team under a single contract […]

Wood framing is a $24 billion U.S. industry that covers the “new construction, alterations, maintenance, repairs and additions” of both residential and commercial structures like mixed-use facilities, according to research from IBISWorld. Although recently impacted by the pandemic, labor and material shortages, supply chain issues and project delays, a 2022 ThinkWood survey found that the latest low […]