What are the major issues involved with residential design exposures and would should I be careful of with this type of work?
Residential design exposure are of increasing concern to professional liability insurers or architects and engineers. The issues are various, and to a great extent depend on the nature of the project. In other words condominium/townhouse developments are viewed as being more risk prone. Claims from this project type seem to be the result in the shared ownership and management of the property. Insurers are also troubled by housing developments. The problem with multi-unit design is that a single mistake is magnified by the number of units involved. While insurers seem to prefer to undertake the risks associated with single family custom homes, these projects also pose a unique hazard due to the fact that the client is typically an unsophisticated buyers of design and constructions services.
