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Professional Liability Risk Management More Important Than Ever For Architects, Engineers

Escalating claim payments could fuel premium hikes to unaffordable

By Mark Henderson | Updated on September 10, 2006

Skilled risk management is critical to the survival of architect and engineering firms. The increase in the frequency of professional liability claims against these firms, combined with increasing costs of defending and paying the claims, has very serious repercussions for many firms–including rising professional liability insurance premiums.

Loss history can be fatal to a design firm’s survival. And, conversely, effective risk management is essential for the long and productive life of a design firm.

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