Project Endorsement on a Professional Liability Policy for Architects/Engineers Your firm may receive a request to increase your limits of liability on your professional liability policy for a specific project. This typically can be accommodated with insurance companies with an…
How does my architecture/engineering firm decide on a Professional Liability insurance company? Since the professional liability policy is where your firm’s biggest risk lies, it is important to have a good company by your side. There are several ways to…
Differences Between Professional Liability and General Liability for Architects and Engineers These policies are different but both necessary in the business of design professionals. Professional liability is for design errors and omissions for architects/engineers. General liability is for risks such as…
Understanding the Limits of Liability in Your Architecture/Engineering Firms Professional Liability Policy It is important to know the ins and outs of the limits of liability in your policy to help to determine what limits make sense for your firm….
What to include when developing a risk management program at your architecture/engineering firm- First and foremost, no matter the size of your firm, it is good to have a risk management program. The first piece of the risk management to…
Client Wants to be a Certificate Holder for your Policies? What does that mean? A certificate holder is provided evidence of insurance, similar to an auto ID card. The certificate of insurance provides the name of the insured, insurance agent’s…
How to Reduce Your Professional Liability Premium Professional Liability premiums are higher premium, compared to general liability, for architects/engineers because it is an areas of higher risk. There are ways you can help out in your premium. Risk management is…
Policy changes that can be made to a Professional Liability policy for architects/engineers- There are some areas of the policy that can be changed, while other areas of the policy are considered standard policy language. Here are some of the…
Deductible types in a Professional Liability policy for architects/engineers- There are several deductible types on a Professional Liability policy in the market place. The most common deductible types are a straight deductible or a first dollar defense deductible, the deductible…
Definition of Professional Services in a professional liability policy- The definition of professional services in your professional liability policy is very important. If your firm provides services outside of the professional services defined in your policy it may not be…