My previous blog post warned that residential projects (houses/townhouses, condominiums, and apartments) have resulted in the greatest number of claims against design professionals in the Schinnerer professional liability program. Here are some suggestions for ways to manage the risks of these projects: Select clients based upon their experience, financial strength, ties to the community, and... Continue Reading →
What projects result in the most claims against design professionals?
Most of you have probably already guessed the answer to this question. From 2004 - 2013, residential projects (houses/townhouses, condominiums, and apartments) resulted in 31% of all claims filed in the Schinnerer professional liability program (frequency rate). Residential projects also had a high severity factor (dollars paid by CNA). The average indemnity payment was just... Continue Reading →