According to recent figures from the U.S. Census Bureau's Value of Construction Put in Place Survey, more than $980,000,000,000 was invested in construction work across the country in 2014. That is an increase of 2.1%, or over $20,000,000,000 since December 2013. As industry investment continues to grow, so does the level of scrutiny on the Architects and Engineers who pull together to take a project from concept to reality. As a result, design professionals are facing increased risk of litigation.
To ensure the appropriate parties are protected, it is important to tailor coverage to adequately limit your clients' exposure to the risks related to their professional services. Burns & Wilcox can connect you to Architects and Engineers E&O Coverage, which provides clients with financial restitution when held liable for errors, omissions, professional negligence, remediation or other design related risks.
According to recent figures from the U.S. Census Bureau's Value of Construction Put in Place Survey, more than $980,000,000,000 was invested in construction work across the country in 2014. That is an increase of 2.1%, or over $20,000,000,000 since December 2013. As industry investment continues to grow, so does the level of scrutiny on the Architects and Engineers who pull together to take a project from concept to reality. As a result, design professionals are facing increased risk of litigation.
To ensure the appropriate parties are protected, it is important to tailor coverage to adequately limit your exposure to the risks related to your professional services. Southern CO Insurance can connect you to Architects and Engineers E&O Coverage, which provides your business with financial restitution when held liable for errors, omissions, professional negligence, remediation or other design related risks.
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