Protecting Against Catastrophic Design Errors
on your Construction Project

When:
Tuesday, August 9, 2016
2:00pm - 3:00pm EST

Panelists:

Tim Farrell, CRIS
Senior Vice President
New Day Underwriting Managers LLC

Joseph Nawa, CPCU, RPLU, CRIS
Senior Consultnat
New Day Underwriting Managers LLC

Facilitator:

Jeff Slivka, ARM, CRIS

President

New Day Underwriting Managers LLC

Join us for this special webinar hosted by New Day Underwriting Managers LLC.

Design and engineering errors can cripple any construction project. From a simple surveying error on a commercial office building that leads to millions in remedial design and construction to an erred analysis by the geotechnical engineer of subsurface conditions that leads to a bridge collapse, design errors can cause any project owner, public or private, much heartburn if not properly managed. The pain only increases if there is little to no financial mechanism to pay for the resulting damage.

What Will Be Covered?

The panelists will discuss the various options owners of construction projects can secure to protect against catastrophic design errors. From requiring a simple insurance certificate evidencing professional liability insurance to purchasing a separate project policy for the design team, the panelists will walk through the benefits and drawbacks of each. In addition, we'll discuss another insurance alternative available to owners and developers - Owners Protective Professional Indemnity (OPPI) Coverage. OPPI is a low cost insurance alternative that protects an owner from design errors committed by the design team that result in damages that exceed the design professional's professional liability insurance limits.

Joining this webinar is a must for owners of construction projects and insurance professionals looking to learn more about this important coverage. Discussion topics will include the following:

Risk transfer alternatives available to owners for professional risk
OPPI description and advantages to owners
Compare/contrast project professional liability insurance for design team versus OPPI.

These topics and more will be discussed. We hope you can join us.