About the author  ⁄ Mark Blankenship

Mark Blankenship is the Director of Risk Management for Willis A&E. He draws on his 25 years of experience in professional liability claims, underwriting and brokerage to provide risk management guidance, claims advocacy and contract review support. Mark can be reached at (Mark.Blankenship@wtwco.com) or 312-525-2281.

Survey findings offer insight to potentially mitigate claim risk. Part 3

In our previous articles, we discussed several emerging claims trends identified in the WTW A&E Professional Liability Carrier Survey Report: social inflation, cyber liability, climate change, Covid-19, and risk-shifting in contracts. In this issue, we will conclude with an analysis of the enhanced risks associated with certain project types, the most important thing you can do to preserve your professional liability coverage, and the state of the professional liability marketplace.

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In January 2022, WTW A&E released a survey of senior claim managers from twelve leading professional liability insurance carriers for architects and engineers in North America. The survey focused on emerging risks and claim trends in the design profession. This article is the first of a three-part series that will address the survey’s key findings and offer some insights and recommendations on what design firms can do to mitigate their risk of costly claims and client disputes.  In this issue we will discuss social inflation and cyber liability. Future issues will discuss the impacts of climate change, Covid-19, contracts, the enhanced risks associated with certain project types and staffing concerns. 

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STRUCTURE magazine