OPPI Sits Excess of Architect’s Practice Policy

OPPI Sits Excess of Architect’s Practice Policy

The project Owner of a large hotel project incurred $10,000,000 in additional costs due to the negligence of its retained soils engineer. The prime architect’s policy had $1,000,000 in limits. The Owners Protective Indemnity policy sat excess of the prime architect’s practice policy to cover the Owner’s $9,000,000 in loss.

Leave a Reply

Your email address will not be published. Required fields are marked *