Adding a New Driver To Your Personal Auto Policy
Adding a New Driver To Your Personal Auto Policy Safe driving habits are always in season — especially when there’s a new driver on the road. When it’s time to add a…
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What is Directors & Officers Liability Insurance?
Directors & Officers Liability Insurance Any organizations, whether public, private, or nonprofit, and the people who lead them, are vulnerable to a multitude of Directors & Officers exposures. These exposures may…
Read MoreExtended Reporting Period Options
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…
Read MoreCommon workers compensation policy exclusions for architects…
Common workers compensation policy exclusions for architects/engineers- These are some of the more common exclusions on workers compensation policies, be sure to read your firms policy as it may vary…
Read MoreTypes of Professional Liability Insurance to Consider
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…
Read MoreContract issues to be aware of as an architecture/engineerin…
Contract issues to be aware of as an architecture/engineering firm- There are many nuances when it comes to contracts for architects/engineers. Be sure to have your insurance company and your…
Read MoreWhat Happens After You Report a Professional Liability Claim…
What Happens After You Report a Professional Liability Claim? Reserving Procedures By law, once a claim is reported, an insurer must segregate or reserve funds anticipated…
Read MoreExhaustion of limits of liability on an architects/engineers…
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…
Read MoreHammer Clause in a Professional Liability Policy
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…
Read MoreClaims expenses on professional liability policies for archi…
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…
Read MoreAS-BUILT V. RECORD DRAWINGS
AS-BUILT V. RECORD DRAWINGS The industry terms “As-Built” drawings and “Record” drawings are often a source of confusion, and, generally speaking, there is no set definition for these terms. “As-Built”…
Read MoreShould We Agree to Arbitration in a Contract?
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…
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