Does Professional Liability Insurance cover claims related to design errors?
Yes, Professional Liability Insurance often covers claims related to design errors. Design professionals, such as architects and engineers can face legal claims resulting from errors or negligence in their designs. Professional Liability Insurance, also known as Errors and Omissions (E&O) Insurance, is specifically tailored to address such claims.
Coverage Scope:
Professional Liability Insurance provides financial protection by covering legal defense costs, settlements, and judgments that may arise from allegations of design errors or omissions. Design professionals should ensure that their policies explicitly include coverage for design-related claims, as different insurance policies may have variations in coverage scope.