THE PR CRISIS
Choose a claim scenario:
5 CLAIM SCENARIOS FOR DESIGN FIRMS TO AVOID
DESIGNED FOR THE UNEXPECTED
THE JOINT VENTURE
THE WORKSITE INJURY
THE ACQUIRED ERROR
THE DUPLICATE DESIGN
THE PR CRISIS
Choose a claim scenario
DESIGNED FOR THE UNEXPECTED
5 CLAIM SCENARIOS FOR
THE PR CRISIS
THE DUPLICATE DESIGN
THE DUPLICATE DESIGN
As a subconsultant on the parking facility of an important downtown development, your engineering firm is named in a lawsuit when major structural defects are found.
THE SITUATION
THE IMPLICATION
Given the prominence of the development, your firm’s reputation is on the line.
THE INSURANCE SOLUTION
The crisis event expense reimbursement coverage included in your professional liability policy can help cover the costs to hire a public relations consultant service to help you manage stakeholder communications and media relations during the crisis and mitigate the potentially damaging impact to your company’s reputation.
For situations where there is a reasonable expectation that there will be a claim, pre-claim assistance can help cover expenses associated with the evaluation and mitigation of a potential claim and, with advice from professional claim, legal and industry experts, can help you avoid situations and statements that may increase your risk.
THE INSURANCE SOLUTION
Since the engineer is an employee of your firm, the engineer’s statement could put your firm at increased risk of being held liable for the injury and any resulting expenses.
THE IMPLICATION
A civil engineer providing on-site observation witnesses a worksite injury and the engineer’s firm notifies Travelers of the pre-claim situation. During the resulting deposition, the engineer makes a statement accepting responsibility for not calling attention to the unsafe condition that resulted in the injury.
THE SITUATION
Your disciplinary and regulatory coverage could cover expenses incurred as a result of the disciplinary or regulatory proceeding.
THE INSURANCE SOLUTION
News of a conflict in the design of a high-profile project garners headlines, and you face a significant cost defending your reputation.
THE IMPLICATION
A rival architect finds too many similarities in your new building design, and files a disciplinary complaint against you alleging that you are using copyrighted material in your project.
THE SITUATION
THE acquired error
THE ACQUIRED ERROR
With automatic acquisitions coverage, a company acquired during your policy period is automatically protected for 90 days (or until the policy expires if that happens first) for any errors it commits on or after the day it is acquired.
THE INSURANCE SOLUTION
As the parent company, your firm could be held liable for any damages claimed by the project owner.
THE IMPLICATION
In the rush to meet a contractual milestone, a company your firm acquired a month ago makes a technical mistake that could result in a significant budget overrun.
THE SITUATION
THE WORKSITE INJURY
THE WORKSITE INJURY
THE Joint Venture
THE JOINT VENTURE
With joint venture coverage, professional liability protection is extended to exposures arising from your participation in joint ventures.
THE INSURANCE SOLUTION
The members of a joint venture enter into contracts as a single entity, but the project owner could hold each of you liable individually for the negligence of other members.
THE IMPLICATION
Your architecture firm enters into a joint venture with a group of other firms – one of which, you eventually discover, does not have the capabilities and expertise it had represented.
THE SITUATION
The crisis event expense reimbursement coverage included in your professional liability policy can help cover the costs to hire a public relations consultant service to help you manage stakeholder communications and media relations during the crisis and mitigate the potentially damaging impact to your company’s reputation.
THE INSURANCE SOLUTION
Given the prominence of the development, your firm’s reputation is on the line.
THE IMPLICATION
As a subconsultant on the parking facility of an important downtown development, your engineering firm is named in a lawsuit when major structural defects are found.
THE SITUATION
THE PR CRISIS
HOME
Your disciplinary and regulatory coverage could cover expenses incurred as a result of the disciplinary or regulatory proceeding.
News of a conflict in the design of a high-profile project garners headlines, and you face a significant cost defending your reputation.
A rival architect finds too many similarities in your new building design, and files a disciplinary complaint against you alleging that you are using copyrighted material in your project.
THE DUPLICATE DESIGN
THE INSURANCE SOLUTION
THE IMPLICATION
THE SITUATION
HOME
With automatic acquisitions coverage, a company acquired during your policy period is automatically protected for 90 days (or until the policy expires if that happens first) for any errors it commits on or after the day it is acquired.
As the parent company, your firm could be held liable for any damages claimed by the project owner.
In the rush to meet a contractual milestone, a company your firm acquired a month ago makes a technical mistake that could result in a significant budget overrun.
THE ACQUIRED ERROR
HOME
THE INSURANCE SOLUTION
THE IMPLICATION
THE SITUATION
For situations where there is a reasonable expectation that there will be a claim, pre-claim assistance can help cover expenses associated with the evaluation and mitigation of a potential claim and, with advice from professional claim, legal and industry experts, can help you avoid situations and statements that may increase your risk.
Since the engineer is an employee of your firm, the engineer’s statement could put your firm at increased risk of being held liable for the injury and any resulting expenses.
A civil engineer providing on-site observation witnesses a worksite injury and the engineer’s firm notifies Travelers of the pre-claim situation. During the resulting deposition, the engineer makes a statement accepting responsibility for not calling attention to the unsafe condition that resulted in the injury.
THE WORKSITE INJURY
HOME
THE INSURANCE SOLUTION
THE IMPLICATION
THE SITUATION
With joint venture coverage, professional liability protection is extended to exposures arising from your participation in joint ventures.
The members of a joint venture enter into contracts as a single entity, but the project owner could hold each of you liable individually for the negligence of other members.
Your architecture firm enters into a joint venture with a group of other firms – one of which, you eventually discover, does not have the capabilities and expertise it had represented.
THE JOINT VENTURE
HOME
THE INSURANCE SOLUTION
THE IMPLICATION
THE SITUATION