The Risk of Delegating Design
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As integrated project delivery methods become more common, more and more contractors are taking on design risk.It's increasingly important for contractors and their counsel to consider how to delegate this risk to their design team, and how to insure it. This topic will discuss the risks of project design and strategic methods to manage design risk through contract and insurance.
AuthorsWilliam Buchan, Aon Risk Soluntions Michael V. Pepe, Saxe Doernberger & Vita, P.C.
What Is Design Risk?
How Do Project Delivery Methods Affect Design Risk?
Strategies and Examples for Delegating Design and Transferring Design Risk Through Contract Provisions
Explanation of Insurance Coverage Available for Design Risk, Including Professional Liability
Protective Coverage, Rectification Coverage, and Mitigation Coverage
How Does Professional Liability Fit in With Builders Risk and General Liability Coverage
Avoiding Coverage Gaps