Contractors getting stuck with Architect Liability

A recent study by Ames & Gough found that contractors are increasingly assuming risk that previously were considered the domain of architects and engineers. This is occurring through contract risk transfer and many unassuming contractors are "holding the bag" and they do not even know it. READ YOUR CONTRACTS CAREFULLY... Watch for words and paragraphs that deal with indemnification and hold harmless language. Especially as it relates to architects and engineers! Keep us informed so we can discuss your insurance options. Also, if this poses a big risk to you because of the type of jobs you do, then buy Contractors Liability coverage. Call is if you need this coverage or want to discuss it. My personal feeling is ever contractor should have this... K

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