Choosing Limits on Policies for Architects/Engineers
Choosing Limits on Policies for Architects/Engineers It can become difficult to know what limits on policies that make sense for your firm. It will vary from policy to policy and…
Read MoreInsurance
Keys to a Successful Safety Program
Keys to a Successful Safety Program Safety is an intricate part of every operation or department within any organization. Many organizations have reduced their injury rates by implementing safety programs as…
Read MoreUnderstanding ‘claims expenses’ on a Professional Liability…
Understanding ‘claims expenses’ on a Professional Liability policy for architects/engineers- Claims expenses are the costs involved in defending your architecture/engineering firm’s claim or circumstance. First it is important to understand…
Read MoreADDITIONAL INSURED STATUS ON PROFESSIONAL LIABILITY POLICIES
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…
Read MoreCan my firm switch Professional Liability insurance companie…
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…
Read MoreACEC Economic Impact Report
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…
Read MoreCommon Exclusions on the Architects/Engineers Professional L…
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…
Read MoreCyber Liability Insurance – Who Needs It?
Who Needs Cyber Liability Insurance? Every type of organization, from global companies to mom and pop shops that use technology to do business, face cyber risk. As technology becomes more complex…
Read MoreWho is Covered Under a Professional Liability 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…
Read MoreProfessional Services Defined in a Professional Liability Po…
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…
Read MoreProfessional Liability Claim?
Professional Liability Claim What do I do when I have a Professional Liability claim? Ignore it and hopefully it will go away. This is not an uncommon response to potentially…
Read MoreDispute Resolution
Dispute Resolution It is inevitable that all design professionals will come across a fee dispute during their career. While using a well crafted contract such as the AIA standard form…
Read More