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Understanding professional liability insurance
Clipped to the Drawing Board by Susan Decker  
"What the heck. You're insured."

It's not uncommon to hear words like that from a client representative's mouth, or to get the sense it's being thought. And what's so wrong with that? After all, isn't that what professional liability insurance is supposed to do, transfer risk from the engineer and the client to the insurance company? Yes, it is, but that doesn't mean, after someone does something stupid, the insurance company asks, "You want that million in tens or twenties?"

Both owners and design professionals need to understand a few things about professional liability insurance. And that's what this column's about—a few things. There's more to know, and you should want to find out what. After all, whether you're an owner or an engineer, the insurance is in place for your protection.

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Powered by JoomlaCommentCopyright (C) 2006 Frantisek Hliva. All rights reserved.Homepage: http://cavo.co.nr/
Saturday 3 May, 2008 02:32 PM
 
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