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…

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…

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…

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…