Trend | Range | |
---|---|---|
Professional liability | Flat to +10% | |
Project-specific professional liability | +25% or more | |
General liability/package | Flat to +5% | |
Auto | +5% to +15% | |
WC | Flat to +5% | |
Umbrella | +5% to +15% | |
Management liability | +5% to +15% | |
Cyber | +50% to +100% |
Professional liability (PL): While the number of available PL carriers remains high, there are a finite number of long-term stable A&E PL markets.
Insuring single projects
Emerging A&E claim trends: In 2022 WTW A&E released a survey of senior claim managers from 12 A&E professional liability carriers. The survey focused on professional liability claim statistics, professional liability claim trends, and emerging A&E risks. An updated survey is currently in process for 2023.
The A&E cyber insurance market remains difficult.
Willis Towers Watson hopes you found the general information provided in this publication informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, Willis Towers Watson offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).
Dan is the Managing Director of WTW A&E, the specialty division for WTW that is exclusively dedicated to providing insurance and risk management solutions to architects and engineers. Dan and his staff of A&E insurance specialists represent over 500 architectural and engineering firms located across the country and practicing throughout the world. Dan and his team provide tailored risk management services, including contract negotiation, claims advocacy and a wide variety of risk management education workshops. Dan is on the ACEC National Risk Management Committee (RMC) and chairs the Cyber Sub-Committee. Dan is active in ACEC, AIA and other associations that support the design community. Dan speaks frequently and has written and presented on a wide range or risk management topics for architects and engineers.