What should my sub consultants have for insurance on a project? The general answer to the question is that your sub consultants should carry the same limits of liability and policies that your architecture/engineering firm is required to carry on…
Liability When Not Prime on the Project Does my firm have liability if we are not the prime on a project? This question is asked quite often and the answer is yes. Just because your firm is not the prime…
Important Clauses to Pay Close Attention To in the Architects and Engineers Professional Liability Policy Yes it can be a lengthy policy to review but when renewing your policy or comparing policies here are a few key areas to review…
A-E Contract – Know It! It is important to not only negotiate contracts with your client but equally as imperative to know your contract throughout the project. Many times the person negotiating the contract may not be the same person…
Key Points on the Architects/Engineers Professional Liability Application The Professional Liability application can be tedious at times but it is how an insurance company determines your premium on Professional Liability. So the more accurate and detailed the information provided the…
Are contracts important for architects and engineers? Many times it may seem like just because the project is small you don’t need a contract. Or my firm works for this client on a regular basis and we trust them. Or…
Business Owner Policy Coverages to be Aware Of When you receive your business owner policy it can be overwhelming to review about one hundred pages of coverage. There are a few sections in the policy to be aware of and…
Is my design firm required to get the extended reporting period or ‘tail’ for Professional Liability? It is important to understand what an extended reporting period (ERP), also called a ‘tail’ policy is. The ERP is an extended period of…
Named Insured on Policies for Architects/Engineers What is a named insured? This is an owner or entity that can make changes to the policy and is listed on the declarations page of a policy. Named insured is different from an…
Understanding the Deductible on Professional Liability for Architects/Engineers It is important to understand what a deductible is on Professional Liability. The deductible is your firm’s obligation to pay per claim in the policy year as described in your firms Professional…