1) your contractually required insurance policies are not only in place but will respond in the event you or your organization incurs damages as a result of the negligent performance of services by the professionals you engage for the project. In other words, project owners want financial protection in the event they are damaged as a result of the professional negligence of the design professionals retained for their project. All too often however, project owners impose insurance requirements and other contractual obligations upon their design professional consultants that cannot be and are not supported by or otherwise covered by the insurance coverage maintained by the design professionals.
2) In addition, all too often project owners are improperly educated about what insurance should be required and how those requirements should be written in the professional services contract and the proper form of written verification that the policies are currently and continuously in effect.
3) Lastly, in the event you do make a claim against a design consultant you want to know that your claim is being handled in a manner that will yield the results that you were seeking when you included the insurance requirements in the contract in the first place.
This is where CRMC can help your organization, TODAY!!
