XL Catlin Helps Architects & Engineers Manage Professional Liability & Contract Risks with Updated eGuide

By a News Reporter-Staff News Editor at Journal of Engineering -- To reflect quick-changing risk and contract issues that architectural and engineering firms contend with daily, XL Catlin's Design Professional insurance business has issued a revised version of its online Contract eGuide for Design Professionals: A Risk Management Handbook for Architects and Engineers.

According to Doug Strong, Chief Underwriting Officer of XL Catlin's Design Professional group, "Developing a good contract - or revising a bad one -- is crucial in managing a design professional's risk. Reducing the chances of being sued is critical to the success of your firm. The costs of litigation can have a profound impact on a firm's bottom line for many years to come. Just as issues affecting A/E contracts are constantly changing, our latest eGuide continues to change to reflect the most current state of practice in the A/E market."

"Our Contract eGuide continues to evolve as a vital practice management tool for our clients, expanding and changing as the A/E industry's issues change," said Randy Lewis, XL Catlin's Vice President of Loss Prevention and Client Education. "More than 25 design professionals, insurance experts, claim managers and attorneys including representatives from Engineering Economics and The American Institute of Architects (AIA), contributed their knowledge and experience in updating our e Guide."

The revised eGuide includes updates on

-- Building Commissioning -- Commissioning ensures that a new building

operates as intended and that building staff are prepared to operate and

maintain its systems and equipment.

-- Condominiums - The condominium construction market is making a comeback.

Insurers, like XL Catlin, often see a disproportionate number of claims

against design professionals related to multi-family housing, especially

Keywords for this news article include: XL Catlin, Engineering.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC