Director’s & Officer’s Liability Insurance…
Real World Scenarios Here are a few real world scenarios that resulted in the filing of D&O lawsuits: Breach of fiduciary duty. Creditors of a company that was having some financial…
Read MoreInsurance
Types of Insurance Your Firm May Need
There are many types of insurance available to businesses, however, what is available specifically to architects and engineers? Professional liability policy is probably the most important type of insurance a…
Read More
Standard of Care for Design Professionals
Standard of Care is a fundamental legal and professional benchmark that governs the conduct of architects, engineers, and other design professionals. It represents the degree of skill, knowledge, and judgment…
Read More
Risk Management Measures That Help with PL Premium
Not only will risk management provide additional protection and education for your firm but it could provide additional premium credit for your firm’s professional liability policy. Typically, there isn’t one…
Read More
Getting Paid Without Inviting Litigation
Fee disputes in the design professional industry are not a new phenomenon, but their prevalence has noticeably increased in recent years. Several factors contribute to this rise, including economic fluctuations,…
Read More
Risk Management Resources for Architects/Engineers
Risk management is a very important piece of running a design firm. There are many risks that architects/engineers take daily, it’s good to know what those risks are and how…
Read More
Exploring Insurance Options During Retirement
It’s never too early to start planning for retirement. With so many choices and next steps to consider, let us help ensure you have the best insurance protection in place…
Read More
Tips for comparing professional liability quotes for archite…
There are many professional liability insurance companies in the marketplace, however, not all policies are equal. Always review not just the quotes your firm receives but the professional liability insurance…
Read More
Tariffs and the Construction and Design Industry
Tariffs, or taxes on imported goods, can significantly impact the construction and design industry by increasing material costs, disrupting supply chains, and potentially delaying projects. These impacts can ripple through the…
Read More
Common Exclusions to the Professional Liability Policy
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…
Read More
Forces Driving Commercial Auto Insurance Costs
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…
Read More
The ins and outs of an extended reporting period (ERP) for a…
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…
Read More