Coverages in your firm’s architects/engineers Professional Liability policy that you may not be aware are available – Depending on the insurance company, there may be some supplemental coverages in your firm’s Professional Liability policy. Here are some examples of those…
What information is needed to complete a Professional Liability application for architects/engineers? This will depend on the insurance company and what the application is requesting. However, most applications will request the following information. The largest piece of information the application…
Weather Event Preparedness When there is a prediction of a potential weather event, don’t wait until the last minute to get prepared. Start now so that you may keep yourself and your loved ones safe. It is important to make…
POLLUTION COVERAGE Does my architecture/engineering firm have pollution coverage on Professional Liability? Most Professional Liability insurance companies do offer some pollution coverage in the policy. It will vary from company to company so be sure you understand what the coverage…
Fall 2020 Back to School Checklist Returning to school this fall certainly will be different due to COVID-19. Whether we plan to attend for face-to-face instruction, have online classes or a hybrid of the the two necessary safety measures need…
The Importance of Definitions in Professional Liability Policies for Architects/Engineers When reading your Professional Liability policy you may think that the definitions are not all that important. They are indeed very important, the definitions are the highlighted words throughout the…
Signing and Sealing Instruments of Service Prepared by Another Design Professional In some instances, design professionals are asked to review and place their seal and signature on instruments of service prepared by others. There are no standard contracts for such…
Key factors to remember for Extended Reporting Periods (ERP) for Design Professionals First it is important to understand what an extended reporting period it. It is an extended period of time to report claims on your firm’s Professional Liability policy…
Time Is of the Essence Clause A Time Is of the Essence Clause (TOE) is language contained in a contract that specifies that a certain time or date is important. In effect, a time is of the essence clause is saying, “the times…
What claims information should be provided for an architect/engineers Professional Liability renewal? No matter the size of the claim the more information provided the better for the insurance companies to evaluate the claim in determining a renewal quote. The most…