High volume of design-build claims makes insurance expensive

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By Angela Childers (October 19, 2021, 7:30 p.m. EDT) – As design-build projects grow in popularity, the high potential losses and the number of claims have made it more expensive to insure these projects, according to experts.

The high number of claims and lawsuits filed on projects using the design-build strategy have driven up professional liability insurance rates, increased premiums and led some insurers to limit their exposure by withdrawing from certain areas of the market. design-build. (AP Photo / Tony Gutierrez, file) A significant number of projects using the design-build method are not making money due to the challenge of estimating costs before a design is finalized, and the …

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