Insurance Archives - Page 3 of 65 - Professional Underwriters

Common Exclusions to the Professional Liability Policy

June 5, 2025

While not all policies are the same, there are some similar exclusions for many of the professional liability insurance exclusions. Here are some examples of common exclusions. Express Warranties or…

Forces Driving Commercial Auto Insurance Costs

Insurance

June 2, 2025

Forces Driving Commercial Auto Insurance Costs 1. BODILY INJURY LOSS COSTS Since 2020, bodily auto severity has increased 20%, while total loss claims have jumped by 29%.1 Factors contributing to…

The ins and outs of an extended reporting period (ERP) for a…

Insurance, Risk Management

May 29, 2025

Extended Reporting Period (ERP) Your firm may have decided not to renew your professional liability policy due to retirement, or the firm is closing. Your firm has the option to…

Understanding “Duty to Defend”

Insurance

May 27, 2025

Duty to DefendUnderstanding the “Duty to Defend” in Engineering Professional Services Contracts Certain engineering and design professional contracts include a “duty to defend” clause, which may require the engineer or…

What to look for in contracts for architects/engineers

Insurance, Risk Management

May 22, 2025

Contracts are the ‘start’ of a project, it is the point on which your firm and your firm’s client agree on the details of what will transpire on the project. …

When Winning Costs More Than the Prize: A Fee Dispute Claim…

Insurance

May 19, 2025

Project Overview: The Insured was retained to provide architectural services for a commercial office renovation. The original design contract was a fixed fee of $35,000, with payments scheduled in phases. What…

What effects your architecture/engineering firm’s business o…

Insurance

May 15, 2025

The business owner policy premium can change year to year, typically it is an automatic renewal, so be sure to review your business owner policy each year. The location of…

Beginners Guide to Motorcycle Insurance

Insurance, Uncategorized

May 12, 2025

In Michigan, motorcycle insurance is mandatory for all riders and includes specific liability coverage requirements. Motorcyclists must have a minimum of $50,000 bodily injury liability per person and $100,000 per accident,…

What effects your architecture/engineering firm’s workers co…

Insurance

May 8, 2025

There are several factors that can have an effect on your firm’s renewal premium. The first item to point out is the renewal premium is considered an estimated premium. This…

What effects your architecture/engineering firm’s profession…

Insurance

May 1, 2025

In this day and age when money can be tight, it is good to know what can influence your professional liability renewal premium. The whole application is taken into consideration…

Changes to your architecture/engineering firm that need to b…

Insurance

April 24, 2025

The changes to your firm will also depend on the insurance policy and what will or will not need to be reported. If your firm is being acquired or acquiring…

How AI will impact the design world

Insurance

April 22, 2025

The Role of Artificial Intelligence Across Industries, with a Focus on Construction Artificial Intelligence (AI) has become a major topic of interest due to its relevance across all industries and…

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Common Exclusions to the Professional Liability Policy

Forces Driving Commercial Auto Insurance Costs

The ins and outs of an extended reporting period (ERP) for a…

Understanding “Duty to Defend”

What to look for in contracts for architects/engineers

When Winning Costs More Than the Prize: A Fee Dispute Claim…

What effects your architecture/engineering firm’s business o…

Beginners Guide to Motorcycle Insurance

What effects your architecture/engineering firm’s workers co…

What effects your architecture/engineering firm’s profession…

Changes to your architecture/engineering firm that need to b…

How AI will impact the design world

Commercial Insurance

Professional Liability

Business Owners Coverage

Workers Compensation

More Selections

Personal Insurance (Michigan Only)

Homeowners

Automobile

Umbrella

Recreational Vehicles

Insurance

Commercial
Insurance

Personal Insurance
(Michigan Only)