Additional insured endorsements for architects/engineers on general liability policies- The request for additional insured on general liability is common for architects/engineers. There are several company in the marketplace and each of their additional insured endorsements look different. Insurance companies often,…
Extended Reporting Period Options What are the different extended reporting period options available on Professional Liability for architects/engineers? The extended reporting period options (ERP) also known as tail coverage will vary with insurance companies. The premium is based on the…
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…
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…
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…
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…
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…
Can my architecture/engineering firm get a project policy for just one project? This question can get complicated because there are many different answers and it really depends on what is being asked. Below is a list of responses it may…
What is the first dollar deductible for architects/engineers on a Professional Liability policy? The first dollar deductible option may be available to specific firms that meet the insurance company requirements. It is good to understand what the first dollar deductible…