Insurers are writing more professional liability coverage for designers, with rates holding steady in the buyer’s market, says a new survey by insurance broker and risk consultant Ames & Gough.
“It’s still a buyer’s market … and clients are paying about what they paid eight years ago,” says Dan Knise, Ames & Gough chief executive. The annual survey presents responses from 17 senior underwriting executives. Along with rising workloads, insurers say they are writing more insurance coverage for hacking and technology-related risk.