Design & Construct Risks

Design and Construction Professional Indemnity
Construction industry professionals such as Contractors and builders who provide design or other professional services in addition to or as part of their construction activities for clients assume the additional responsibilities and liabilities of a design professional. Claims against Design & Construct Contractors almost always involves professional (e.g. design) and non-professional (e.g. workmanship) services. The problem is that where there are two or more proximate causes of a loss and one of those causes is excluded, then legally the entire claim may be excluded!

Why do I need this cover?
Whether or not you provide these professional services in house or engage an external consultant you assume liability to your clients or other parties for claims arising out of injury or loss incurred as a result of a breach of professional duty in the provision of these professional services. Many public and private organisations are becoming increasingly aware of this exposure and are therefore including the requirement for professional indemnity insurance in their design and construct tender documents. Design & Construct firms face significant liability exposures from the multi-disciplinary professional services they provide on a daily basis. Getting it wrong can have catastrophic financial consequences so managing those exposures and purchasing high quality, comprehensive professional indemnity insurance is no longer an option – it’s a necessity for survival. 

The majority of “of the shelf” professional indemnity policies available with Australian Insurers do not always adequately cover such exposures. Your design and construct professional negligence exposure is therefore best insured under a tailored design and construct professional indemnity policy.

Cooper Professional Risks (CPR) specialise in arranging insurance for the construction and engineering industries and have access to more than 20 different sources of professional indemnity insurance. Unlike many of our competitors, they are not aligned with any one particular insurer and therefore can truly act in the client’s best interests.

What am I being covered for?
Professional Indemnity insurance provides essential financial protection for Construction (Design & Construct) consultants against potential losses as contractors increasingly take on design liability either by employing their own in‐house design professionals or by assuming liability where they sub‐contract out the design element. 
Key Exposures are design failure, Inadequate or incorrect advice, design, specification, Inadequate supervision in project management, inappropriate or incorrect certification, lack of experience, poor work documentation, Poor communication with clients.

Who needs this cover?
The types of occupations that can be exposed to the Design and Construct type risks include any Engineering or Architectural risks involving Construction or Project management services, which can include Mining, Oil and Gas Contractors, Civil infrastructure contractors (such as water pipelines, sewers, roads, power), General industrial, Commercial contractors, Customised machinery and equipment designers and manufacturers and even Residential Building contractors.

Who can help?
An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge.

Call a good one. Call CPR Insurance on 07 3123 1137 or 0439 530910. Email is enquiries@professionalrisk.com.au.

Liberty Design & Construct Policy Wording 
 

Latest News

Robert Cooper - one of 100 faces of small business

This week it was announced as part of Small Business Week,  that Robert has been named one of the 100 faces of small business for a State Government promotion on the great value that small businesses play in the State of Queensland.

You can see Robert's entry here:

It is the third accolade for CPR Insurance Services in a month and after seven and a half years in business is a real pep up for the company.

For Robert, it is the culmination of many years experience, becoming well qualified, experiencing the highs and lows of a career and always wanting to contribute to his community. Sometimes, these things just come together and you receive recognition for your efforts.

Robert says that there is no doubt that starting your own business is a huge challenge, but with the right research and planning, the right people around you and a good set of values that you apply to the vision of the company, you have a very good chance of making it all succeed.

Robert says he is lucky. He has a strong supportive Wife, Mandy, who is also part of the business, along with efficient and hard working staff such as Julia McLauchlan and Aidan Harmer who are building up their own skills in a learning environment. 

However, the most important and most supportive people for CPR Insurance Services are our clients who have stuck by us and supported us over the past seven years. Our focus remains on providing the best possible service we can and always acting in their best interests. To all our clients, we say thank you!

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CPR Insurance wins Brokerage of the year

CPR Insurance Services picked up the award for the Best Brokerage (1-5 staff) in Australia, last Friday Night (4th May 2018) at the Insurance Business Magazine Awards held at the Westin in Sydney.

Judging came from various parts of the industry. It is a great honour to be recognised for our hard work and particular Business values we follow. A full list of winners is listed here.

Success comes from having great staff, and we thank Aidan Harmer and Julia McLauchlan as important support staff for helping us win such an award.

CPR Insurance has been in operation for more than 7 years now and is only successful because of the wonderful support from our staff, insurers and most importantly, our fantastic clients who put their faith and trust into our company to be their Risk Advisers and Brokers. 

Thank you to all.

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