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Insurance

Definition of a Claim

Insurance
Definition of a claim in a professional liability policy for architects/engineers- It is important to understand how a claim is defined as in a professional liability policy to know when…
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Establishing a Records Retention Policy

Insurance
RECORDS RETENTION POLICY Having accurate, detailed, and well-maintained project records can help keep design firms out of liability trouble while also helping them manage their profitability. Your firm should determine what it considers…
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Professional Liability Claim

Insurance
Professional Liability Claim Resolving the Dispute Most disputes involving professional service firms are resolved through negotiated settlement or mediation. At times, usually because of contractual obligations, mandatory and binding arbitration between a…
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Extended Reporting Period Options

Insurance
Extended Reporting Period Options for Architects/Engineers on Professional Liability Each insurance company has different options for extended reporting periods. Here are some examples of those options. Example one: (a) one…
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