Eco-friendly construction increases professional liability risks

Insurers and risk managers are facing all new challenges in developing coverage for errors and omissions (E&O) for eco-friendly construction projects, which are similar, but still quite different from the risks associated with typical construction projects. This has lead to new trends and developments which are affecting purchasers for specialty lines of insurance such as E&O, directors and officers (D&O), cyber risk, employment practices liability, transportation, marine, and surplus. The reason for the difference between “green” and standard construction project risks is in the materials and technologies that are used,…

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Big Business, Big Lawsuits!

Lawsuits against big companies used to be very rare; but the times are definitely changing. From tobacco companies and fast food restaurants, to big banks and pharmacies; no one is safe from litigation. This is where Directors and Officers liability insurance comes in. Are you prepared to pay millions for the decisions your management makes? In some states, big companies are directed to cover directors (some include officers), releasing them from any liability of being sued. It was almost seen as a job perk because it was done to encourage…

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