As the move toward green construction pushes forward, insurance agencies need to know how to protect their clients in this unfamiliar territory. What challenges should agencies representing design professionals worry about, and how can they prevent claims from occurring? AA&B talked to Lorna Parsons, president and chief underwriting officer for Victor O. Schinnerer & Co. Inc. and managing director and head of Schinnerer's construction industry group, about the steps her company is taking to stay ahead of the curve.
AA&B: Green construction is a rapidly growing segment in the construction industry. How are you meeting the increasing need for this type of coverage?|
Parsons: We have a broad insuring agreement in the Schinnerer and CNA program, so as far as coverage goes, we have always supported the practice of design professionals. With green construction, we didn't have to make any changes in our insuring agreement. What we did was step up the risk management advice to our clients because design professionals are very interested in being green.
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