Among 17 of the leading writers of professional liability for architects and engineers, only one is not planning a rate increase for this year, according to Ames & Gough. Credit: somchaikhun/Adobe Stock
Professional liability insurance rates for architects and engineers are going to see a third-consecutive year of increases as carriers voice concern regarding economic and social inflation, high-risk projects and professional fields and the growing prominence of alternative project delivery methods, such as design and build, according to Ames & Gough.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
