Insurance

What does a ‘hammer clause’ mean for an architect/engineer in a professional liability policy? A hammer clause is a clause that allows an insurer to settle a claim without the…

What is an insuring agreement in an architects/engineers professional liability policy? An insuring agreement is a legal contract between an insurance company and your architecture/engineering firm.   It is the insurance…

Workers’ compensation insurance gives employees medical, wage and other financial benefits if they are injured or become ill during the course of their work/job. This coverage is required in most…

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,…

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…

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…