Certificate of Insurance Requirements in Contracts for Architects/Engineers There are often many requests in contracts with regards to insurance limits and requirements. Before signing the contract, review the insurance limits and requirements in comparison to what your current limits and…
Common Misconceptions with Insurance for Architects/Engineers Insurance can be extremely confusing with all of the different types of insurance and the coverage available. Here are a list of some of those misconceptions and clarifications. Clients can be listed as additional…
Suggestions for Risk Management Practices for Your Architecture/Engineering Firm Risk management practices are very important for any firm to keep in place and they will vary depending on the size of your firm. The key is to have risk management…
Your Firms Assistance and Cooperation on a Claim Your firm has submitted a claim and the insurance company is now requesting your assistance. There are provisions in the policy that will lay out what assistance and cooperation your firm is…
Exhausted Limits of Liability on Your Architecture/Engineering Firms Professional Liability Policy This means that when you have a claim and the expenses and settlement have reached the policy limits then your firm is required to pay the balance of the…
Preparing for Renewal of Your Firm’s Professional Liability There are many pieces of information to gather when your firm completes your Professional Liability renewal application. If you keep this information up to date the renewal process becomes much easier. The…
Retroactive Dates in an Architects/Engineers Professional Liability Policy There are many factors to understanding a retroactive date on a Professional Liability policy. A retroactive date is defined as the date that your design firm has had a professional liability policy…
Defense in A/E Professional Liability Policy When your firm receives a claim the first step in the claim process it to set your firm up with defense counsel. The insurance company will set this up for your firm, most insurance…
Professional Liability Limits of Liability for Architects/Engineers Our agency is often asked what is a good limit of liability for our Professional Liability policy. This can be a challenging to answer because it is hard to predict what types and…
Common Myths of Professional Liability Policies for Architects/Engineers A Professional Liability policy or errors and omissions policies have some nuances to be aware of. Here are some common issues with the policy and the answers to those issues: Even if…