Anne Hickman, CPCU, ARM

Anne Hickman, CPCU, ARM's Posts

Purchasing appropriate contractual liability coverage/professional liabilty insurance

Contractors and designers have stepped up to meet this demand, but many do so without a complete understanding of the risks and responsibilities they may be assuming in design/build contracts.Traditional liability insurance policies do not cover all (or in some cases, any) of these potential liabilities. The International Risk Management Institute (IRMI) has recently published a new book, Design-Build Risk and Insurance, which identifies problematic contract provisions, licensing statutes, insurance requirements, and other potential pitfalls design/builders may encounter and offers strategies for overcoming these obstacles. Read more

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