Business Owners Policy – Who Is It Right For?
Business Owners Policy – Who Is It Right For? A Business Owner’s Policy (BOP Insurance) can help safeguard your company from property damage, loss and lawsuits in the wake of…
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Additional Insured Language in a General Liability Policy fo…
Additional Insured Language in a General Liability Policy for Architects and Engineers Most general liability policies for architects and engineers are geared specifically towards the specific industry so the wording…
Read MoreDesign Professional’s Common Contract Insurability Iss…
Design Professional’s Common Contract Insurability Issues Below are a couple of the common insurability issues that are raised during the Contract Review process. Cost Estimates Clients rely heavily upon estimates…
Read MoreGeneral Liability vs Professional Liability Policy
General Liability vs Professional Liability Policy Why does my architecture/engineering firm need General Liability if we already carry a Professional Liability policy? The reason is that these are two different…
Read MoreDiminishing limits of liability on Professional Liability fo…
Diminishing Limits of Liability on Professional Liability for Architects/Engineers What does this mean, diminishing limits? This is also referred to ask shrinking limits. If your firm has a claim the…
Read MoreArchitects & Engineers – Unauthorized Changes to…
Architects & Engineers – Unauthorized Changes to Plans By, Samuel J. Muir* I. What’s at stake? Some states recognize the potential problems of changes to design plans without the…
Read MoreProfessional Liability Exclusions that Architects/Engineers…
Professional Liability Exclusions that Architects/Engineers Should Be Aware Of There are some exclusions in Professional Liability policies, and depending on the insurance company and your firm, some may have more…
Read MoreKnow Your Limitations – A Design Professional Guide to…
Know Your Limitations A Design Professional Guide to Limited Liability – By David A. Ericksen A limitation of liability provision in a contract is one in which a Design Professional and…
Read MoreDeductibles on Policies for Architects/Engineers
Deductibles on Policies for Architects/Engineers The deductibles will vary based on the type of policy for your design firm. It is important to know and understand your deductible on each…
Read MoreHired Auto Liability Insurance – When do you need it?
Hired Auto Liability Coverage Hired Auto coverage provides Liability insurance for vehicles you lease, hire, rent, or borrow to use in connection with your business. Hired auto liability coverage example You’ve…
Read MoreWhat is covered and not covered under an umbrella policy for…
Umbrella Policy What is covered and not covered under an umbrella policy for architects/engineers? An umbrella policy provides additional coverage or excess limits for your design firm. What is covered…
Read MoreFiduciary Liability Coverage
Fiduciary Liability Coverage Why you and your organization need protection – If your company sponsors a retirement or health plan for its employees and you are involved in any way…
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