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Liability: Problem or Crisis?

by Kneeland A. Godfrey, Jr., (M.ASCE), Sr. Ed.; Civil Engineering Magazine, ASCE World Headquarters, 345 East 47th Street, New York City, NY.,


Serial Information: Civil Engineering—ASCE, 1986, Vol. 56, Issue 1, Pg. 41-43


Document Type: Feature article

Abstract:

Engineering firms are being hit with liability insurance rate increases of 30%, 50% or more. Deductibles are being raised and the maximum coverage is being decreased. Some firms cannot get liability insurance at all, especially structural engineering firms. Many engineering firms are developing their own insurance cooperatives, thus insuring themselves. Traditional insurance companies are abandoning engineering clients as a result of 1984�insurance companies lost more money than in any year since 1906. (1906 was the year of the San Francisco earthquake.)

Subject Headings: Insurance | Liability | Structural engineering | Engineering firms | Earthquakes | Earthquake engineering | Client relationships

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