Singer Nelson Charlmers’ CEO, David Singer was recently interviewed in the Zweig Letter, about the risks firms face in Green Design. His comments follow:
David Singer, an insurance professional who helps A/E/P and environmental firms with their insurance needs, says professional liability policies only cover a professional for failing to meet their professional standards.
“When you start talking about Silver or Gold LEED certification, and if you are guaranteeing LEED certification, you’re changing the standard of care, because you’re guaranteeing more than that. There’s a delta, or gap, between the standard of care and what you’ve guaranteed, as you’re promising more than a prudent professional would- you’re promising something more than the professional standards require,” Singer says.
In this environment, “There are so many things that are risks; the key is managing the expectations of clients, and making sure they’re not unrealistic,” he says. The full article is available to subscribers of the Zweig Letter. Please call Singer Nelson Charlmers for advice about Green Design concerns.