Contractors are increasingly taking on a design liability, either by employing their own in-house professionals or by assuming a liability whereby they subcontract out the design element.
D&C firms vary in size from the small building firms who will subcontract the design element to professionals to the large national operations who fulfil all the functions of the project with their own employees.
Cover is arranged on a named perils basis which provides cover for claims arising from:
- Professional negligence of the insured and its designers, consultants and subcontractors
- Dishonesty
- Loss of documents
- Libel and slander
- Breach of intellectual property rights
- Breach of confidentiality