Archives for Insurance

Social Engineering

Social Engineering – What is this new phrase you have been hearing about?  Social engineering, in the context of information security, refers to psychological manipulation of people into performing actions or divulging confidential information. This is becoming very common and more…

Read more

Construction Contract Administration Services

Construction Contract Administration Services Q: I feel that there is more risk doing contract administration services. Am I better off avoiding providing that service? A: There is no indication that providing construction contract administration services (CA), if done properly by…

Read more

Copyrights in Design Contracts

Copyrights in Design Contracts A copyright may not be the first thing a design professional contemplates while reviewing or writing a contract. Standard design industry contracts (e.g., AIA and EJCDC), keep the copyright with the design professional and provide for…

Read more

Insuring Personal Jewelry

Jewelry Putting an insurance policy on your engagement ring may sound unromantic, but nothing’s sweeter than peace of mind. Many Homeowners or Renters policies will include a limited value for jewelry. However, this coverage will only apply when there is…

Read more

Auto Liability and Your Employees

Auto Liability and Your Employees Guard against personal use loss A LOSS LESSON The incident A contractor allowed an employee to operate their commercial vehicles (pick up trucks) while on personal business. As a permitted user, the employee hit a…

Read more

That’s good to know!

That’s good to know!  Things you may not have known about Professional Liability, Workers Compensation and Business Owner policies There are so many intricacies with insurance; there are a few highlights and things to know about different insurance coverage’s for…

Read more

Earthquake coverage in Michigan?

Earthquake coverage in Michigan? According to the Federal Emergency Management Agency; Michigan has a “very small probability of experiencing damaging earthquake effects”. In fact, most tremors felt in Michigan originate elsewhere. However, buildings can suffer effects from earthquakes in neighboring states that have a…

Read more

FREE SEMINAR

FREE SEMINAR to all that register- 2017 Professional Liability Seminar for Design Professionals Registration is in full swing!  Click HERE to send yours in now.  Don’t procrastinate, it will only take you a couple minutes to do.  Then you’ll be…

Read more

CLAIMS-MADE vs. OCCURRENCE

CLAIMS-MADE vs. OCCURRENCE Most liability policies are written on an “occurrence” policy form. Occurrence policies need only to be in effect on the date that an accident causing damage occurs in order to trigger coverage. A claim asserted against the…

Read more

Drone Insurance

Have you thought about, or already began, using drones in your day to day business? If so, you are going to want to look into aviation liability insurance.   The most important stipulation for getting good drone insurance is that…

Read more

Workplace injuries can hurt!

Workplace Injuries Workplace injuries can hurt small businesses. Workers Compensation Insurance is so very important, it will pay for those medical costs and lost wages associated with a workplace injury claim. According to a study completed by the Hartford there’s…

Read more

Non-Owned Automobiles

Non-Owned Automobiles When Personal Vehicles Become Business Company-owned vehicles are not the only ones used for business purposes – in many companies, employees use their own vehicles as well. Employees who operate their own vehicles to carry out business create liability…

Read more

Limitation of Liability

Limitation of Liability Limitation of Liability is a contractual provision that caps the amount of liability one party to the contract may have to the other party. Frequently used to equalize the imbalance between the potentially enormous risks assumed in performing…

Read more

A/E ProNet

A/E ProNet is a group of brokers committed to the insurance needs of Design Professionals.  Professional Underwriter’s three offices are members of this prestigious group.  What does this mean for your Design Professional firm? -A/E ProNet has members across the…

Read more

Cyber Liability Insurance

Cyber Liability: Will my insurance pay the ransom?  Does your business insurance provide coverage if your system is kidnapped and your digital information is held hostage? Will your business insurance provide coverage if a former employee decides to take revenge by…

Read more

Insurance for your A/E firm

Types of Insurance to consider for your Architecture and/or Engineering firm: Professional Liability – protects against negligent acts, errors or omissions in the performance of professional services.  Also know as errors and omissions insurance. Business Owner Policy – combines both…

Read more