Insurance

Types of Insurance to consider for your Architecture and/or Engineering firm: Professional Liability – protects against negligent acts, errors or omissions in the performance of professional services.  Also known as errors…

Exhaustion of limits of liability on an architects/engineers professional liability policy- Once the limits of liability, including the aggregate limit of liability, have been exhausted your firm is responsible for…

Hammer clause in a professional liability policies for architects/engineers – First, it is important to understand the definition of a hammer clause. The hammer clause is the insurance companies right…

Claims expenses on professional liability policies for architects/engineers- The claims expenses will vary with each insurance company, here are a few examples of policy language that defines what is and…

Should We Agree to Arbitration in a Contract? Arbitration is the process of using a third party to settle a dispute instead of taking the case to court. Both sides…

How professional liability policy premiums are determined for architects/engineers- There are many factors in determining the premium for professional liability and many of those factors will start with the professional…

First Dollar Deductible Option on Professional Liability for Architects/Engineers The name first dollar may look different with different insurance companies; it may also referred to as damages only or dollar…