Engineering Inc. - January/February 2015 - (Page 21)
ANNUAL
pRofessIonAl
LIABILITY
InsuRAnce
InsunG Jeon/Getty ImAGes
suRVey of
cARRIeRs
Market Stability Keeping Prices Low
by maureen conley
A
fter years of uncertainty, insurance
carriers who responded to the
2014 ACEC/NSPE/AIA/AIA Trust
Professional Liability Insurance
Survey of Carriers indicate that the
market for coverage has stabilized.
The softer market has prompted
more carriers to consider offering coverage to
U.S. engineering firms. With 50 to 60 carriers
currently competing to sell PLI services to design
professional firms, John Farrar, vice president at
Clark Dietz Engineers and a member of the ACEC
Risk Management Committee, says firms looking to
acquire PLI insurance or switch to another insurance
provider can expect attractive rates.
>>
jaNuaRy / fEbRuaRy 2015
ENGINEERING INC.
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Table of Contents for the Digital Edition of Engineering Inc. - January/February 2015