Claims Made Policy
Claims Made Policy How does claims made work on a professional liability policy for architects/engineers? Claims made is the most common type of policy for professional liability. Claims made means…
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Common exclusions in a professional liability policy
Common exclusions in a professional liability policy for architects/engineers- Here are some of the more common exclusions amongst different insurance companies regarding a professional liability policy. Insured vs insured. Basically,…
Read MoreCommunication for Design Professionals
Communication for Design Professionals SEALED AND DELIVERED A RISK MANAGEMENT PUBLICATION FOR DESIGN PROFESSIONALS Communication is how information is exchanged. It occurs in various forms–face to…
Read MoreWaiver of subrogation in policies for architects/engineers
Waiver of subrogation in policies for architects/engineers- Your firm may see a clause in your contracts for waiver of subrogation. It may even be in the insurance requirements section of…
Read MoreUtilizing Tax Credits
Utilizing Tax Credits Per Stacy deru and Steve Adams at Engineered Tax Services: Most businesses hire a CPA to compile and file their tax returns based on quarterly and yearly…
Read MoreUnderstanding deductibles on an architects/engineers profess…
Understanding deductibles on an architects/engineers professional liability policy- There are many deductibles options when looking at a professional liability policy. The deductible is the amount of money your firm will…
Read MoreWhat is the Professional Standard of Care: Ordinary Care, Do…
The Standard of Care is the legal yardstick by which our legal system measures the conduct of licensed professionals. If you are careful in rendering your professional services, you are…
Read MoreIs contractual liability covered under my architecture/engin…
Is contractual liability covered under my architecture/engineering firms’ policies? First, what is contractual liability? It involves the financial consequence emanating from liability, not the assumption of the indemnitee’s liability itself. …
Read MoreWhat is provided on a Management Liability Policy?
Management Liability offers you the power to choose the right mix of executive and business liability coverages to protect the assets of private companies and nonprofit organizations the personal assets…
Read MoreDefinition of an insured in an architects/engineer’s profess…
Definition of an insured in an architects/engineer’s professional liability policy- The definition is important because you want to verify that employees and others are covered under the policy. Here are…
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Let us make sure you’re covered! Contact us today! www.profunderwriters.com puimich@profunderwriters.com Professional Underwriters, Inc (248) 553-8300 (248) 553-8305 Fax 39475 W. 13 Mile Road, Suite 106 Novi, Michigan 48377 PUI…
Read MoreWhen is a good time to get an ERP (tail policy)?
When is a good time to get an ERP or extended reporting period (tail policy) for my architecture/engineering firm’s professional liability policy? Every firm’s situation is different, and it is…
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