Professional liability insurance is really not just about negligence/by Miri Levhar - published on the CivilEng website
Dec 31, 2018
By: Miri LaherPublished on CiviEng
One of the most common trends regarding professional liability insurance for those in planning and engineering professions is that it is purchased only in response to contractual requirements. The decision or consideration to obtain a professional liability policy often occurs only at an advanced stage of the tender process, sometimes even after preliminary agreements have been made.
The engineer, architect, or practical engineer presents a contractual requirement that may appear excessive or unreasonable, at a time when there is already concern about the financial ability (or willingness) to meet that requirement.
However, insurance and professional liability serve as a safety net that goes far beyond contractual obligations. Why?
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By Miri Levhar
Published on the CiviEng website
One of the common phenomena regarding professional liability insurance for those engaged in the planning and engineering professions is that it is purchased only according to a contractual requirement. The decision or examination regarding the purchase of a professional liability policy occurs only when one is in an advanced stage of the tender, sometimes even after some kind of summary of principles has been reached. The engineer, architect or civil engineer comes with a contractual requirement that seems high or excessive to him, when there is already concern about the financial ability (or desire) to fulfill that requirement.
But insurance and professional liability are a safety net that goes far beyond a contractual requirement. Why?
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