4 alternatives for securing against construction project professional liability
In his article “Overcoming America’s Infrastructure Problems with Public Private Partnerships,” recently published in CE Risk Management, New Day’s Jeff Slivka discusses the vast deficiencies in our nation’s infrastructure and how Public Private Partnerships (P3) are more frequently being used to repair these issues.
Responsibilities were clearly defined under the design-bid-build model that dominated the commercial construction industry over a decade ago. Today, the trend toward design-build, fast-tracking, and accelerated delivery methods—coupled with the desire to take on new projects requiring an expanded level of experience or expertise—has not only created new job opportunities for building professionals, but also made them far more susceptible to liability that can be covered by CPrL insurance.
Traditionally, construction projects were oftentimes completed using the design/bid/build methodology. However, in recent years, owners have opted to utilize the design/build methodology in an attempt to speed up the entire construction process to bring the project to life quicker compared to traditional construction methods. In this article Joseph Nawa discusses the design/build project delivery method, the associated risks as well as the various insurance coverage options available to project design/build contractors against claims alleging economic damages.
Recitifcation/mitigation coverage is a complex part of a Contractor’s Professional Liability (CPrL) program. In this article Jeff Slivka discusses how rectification/ mitigation coverage differs from other first-party coverages under a CPrL program. He elaborates on the types of rectification and mitigation coverages as well as the differences in how carriers may apply this coverage.
Mitch Cohen examines the environmental risks that face owners and builders every day and discusses how insurance can help to mitigate those risks.
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