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The past decade has brought significant changes to the design industry, including new technologies, new project procurement and delivery methods, and new intermediaries in the traditional design/construction process.
As the industry has evolved, however, so have its risks. Clients are becoming more sophisticated and demanding. Equity and investment capital is harder to come by, as are qualified management and technical staff. Relationships among owners, contractors, and design professionals are becoming increasingly contentious. As these trends converge, they have the potential to derail projects, damage a firm's reputation, and threaten its survival.
Marsh's Design Industry Practice, comprising leading experts in design and construction risk management, helps firms manage the risks that are inherent in every project. Through analysis of an organization's unique technical, contractual, and project management risk, Marsh creates innovative risk management and loss prevention solutions tailored to meet a firm's distinct needs and long-term objectives.
Marsh's services and solutions for the design industry include:
- Placement of all lines of business and professional indemnity insurance;
- Contract review and analysis;
- Retention analysis and program design;
- Risk management and loss prevention education and training; and
- Claims advocacy and management
Marsh's experts work as advocates on our clients' behalf to secure the most favorable terms and conditions from insurers. As the world leader in helping organizations improve their risk profiles, Marsh's services and solutions allow firms to protect and grow their balance sheets and achieve strategic business objectives to become more efficient and profitable.
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Report: The Green Built Environment in the United States: The State of the Insurance Marketplace
Construction Risk Benchmark Report
Design Brochure
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