Insurance

 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…

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…

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…

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…

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…

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…

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…

Understanding Workers Compensation for Architects/Engineers Firms The workers compensation policy can be complicated but once you understand how it works it can become easier to comprehend. There are six standard…