Insurance

ADDITIONAL INSURED STATUS ON PROFESSIONAL LIABILITY POLICIES Some clients of design professionals think they can be better protected against third-party claims by being included as a named insured or as…

Can my architecture/engineering firm switch Professional Liability insurance companies? There are several answers to this question when it comes to switching insurance companies. Yes your firm can switch at renewal…

ACEC Economic Impact Report We all know how much the engineering industry affects the world we live in, but when you apply real numbers to the work that is being…

Common Exclusions on the Architects/Engineers Professional Liability Policy Here are a list of some exclusions and the sample language from policies. Cost to repair or replace faulty workmanship This policy…

Who is Covered Under a Professional Liability Policy? Professional liability insurance helps cover you and your company if you make a mistake in your professional services. This coverage is also…

Professional Services Defined in an Architects/Engineers Professional Liability Policy Insurance companies each have defined what ‘professional services’ are in their policies. This definition in important when your firm is defining…

Declarations Pages – What Are They? What are declarations pages on a policy for my architecture/engineering firm? These are the first few pages of a policy that state the named…

Report a claim or not? The first question your firm should ask, is this a claim based on the definition of claims in your firms professional liability policy. Here is…