Section 4.38 Contractor Professional Liability Insurance

• Library: Construction Law 2016 Supp

XIII. (§4.38) Contractor Professional Liability Insurance

Contractor professional liability insurance was introduced in the 1990s, tailored after the then-existing design professional liability insurance policies. By 2000, the insurance market providing this coverage recognized that the contractors’ business practices were different than those of design professionals. As a result, most have issued a second generation of these forms. Many contractors performing design-build projects have procured this coverage. But in procuring this coverage, the contractor needs to ensure that the policy’s definition of professional services...