Deductibles in Professional Liability Policies for Architects and Engineers There are many deductible options and it will vary based on the insurance company and the size of your firm. Here are further details about deductibles and what may be available…
Supplementary payments included in architects/engineers Professional Liability policy. Most Professional Liability policies have supplementary payments that are not subject to a deductible and are in addition to the limits of liability. Here are some examples of the supplementary payments: All…
Do’s and Don’ts of Professional Liability Claims for Architects and Engineers There are several things to be aware of when reporting a claim or once your firm is going through the claims process. Here is a list of some of…
What does my firm’s insurance policy cover? There are many insurance policies in the marketplace and many that are specific to architects and engineers. Below is a brief description of what each policy covers. Professional Liability – This is the…
What is the definition of professional services in Professional Liability policies? This is going vary from carrier to carrier and even policy to policy; most importantly read your policy so your firm knows what the professional services covered are. Here…
What insurance does my architecture/engineering firm need? There are some insurance policies that will be required by either contract or law and some that your firm needs to consider based on your business affairs. Professional Liability – this is probably…
Submitting a Claim for Your Architect/Engineering Firm Depending on the policy there are different pieces of information to gather and submit for a claim. Professional Liability – You firm may have received a notice of a claim or a verbal…
Increased Premium on my A/E Firm’s Business Owner Policy Why has the premium on my architect/engineer firm’s business owner policy increased? There are many factors that are considered when the insurance companies are rating your policies, but here are some…
FAQ on Extended Reporting Period on Professional Liability. Many questions come up when it comes time to start thinking about an extended reporting period (ERP) or tail policy. Here are some of the questions and answers on the ERP. What…
Waiver of Subrogation on Architects and Engineers Policies The request for waiver of subrogation on policies for architects and engineers occurs quite frequently. The waiver of subrogation is different for each type of policy and many times it will need…