Category Archives: Construction

5 professional liability pitfalls every contractor should look out for when taking on a Design and Build project

Framework of house under construction

Design and Build (D&B) contracting blurs the long-standing, traditional lines between designers and builders. With the continuing integration of these services comes increased professional liability (PL) risks for the design-builder — that’s not only responsible for the construction, but also … Continue reading →

M&A and prior acts: Considerations for the design firm

architect measuring blueprints with a protractor and a ruler

There are many reasons a design firm may decide to buy, sell or merge its practice with another firm; however, there are only a few available options when it comes to addressing the prior act exposures of the firm being … Continue reading →

Managing design-build risk

construction site zone showing highway pillars

As an underwriter and a broker specializing in Architects and Engineers (A&E) professional liability (PL) insurance over the last twenty years, I’ve seen design-build (DB) projects succeed and I’ve seen them fail miserably. Most would agree that everyone loses when … Continue reading →

Changing talent strategies: The U.K. construction industry’s need to attract young workers

According to executives interviewed for the Construction Risk Index, risks associated with the megatrend ‘workforce management and talent optimisation’ combine to be the second biggest threat to construction companies over the next 10 years. The U.K. construction industry faces a … Continue reading →

Your construction workforce – Your biggest cyber risk and first line of defense

With the growth of cyber-related crime at an unprecedented high, it’s clear that no organization is completely immune. Many industries are falling behind in their appreciation of cyber losses. While digitalization is a common feature of boardroom discussions, confusion remains … Continue reading →

Construction insurance marketplace update

Expectations for construction risks: Rate, terms and conditions The U.S. construction property and casualty market continues to exhibit rate stability. While the market remains soft, a level of underwriting restraint has started to take hold. Much of this is driven … Continue reading →

Bridging global infrastructure gaps

The need for global infrastructure has reached a critical point where dramatically increased investment is needed on every continent. Yet in the near term, it’s unlikely that traditional government spending will accelerate to address the situation. Having said that, the … Continue reading →

Construction industry impacted by geopolitical and people risks

Willis Towers Watson’s 2017 Construction Risk Index has just been published, based on an extensive risk survey of 350 senior executives across the construction industry. This global research examines the impact of five global megatrends driving future developments across the … Continue reading →

5 key risks in the U.K.’s build-to-rent market

As build-to-rent grows and matures, our roundtable of experts, identified five key areas of risk and potential solutions. Continue reading →

Architect and Engineers and the standard of care

True or False? The standard of care of a design professional is perfection. When we ask this question to a room full of architects and engineers they typically chuckle and get this one right. The answer of course is “No” … Continue reading →