Are you missing the evolution in contractors’ professional liability insurance?

Construction firms increasingly offer clients both design and building capabilities. The trend has created a number of fresh liability questions for construction insurance underwriters. (Shutterstock)

Historically, professional liability insurance policies related to construction have been created for specific individual risks: architects and engineers, contractors, developers, environmental consultants and other miscellaneous related professionals. There were also policies that addressed the exposure for the design, manufacture and installation of products.

As a result, the technical expertise of underwriters has developed rapidly with almost all of the supporting talent pools seldom straying from their individual niches. That is until this past decade when the professional liability insurance market began to change in response to evolution within the construction market.