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…
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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…
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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…
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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…
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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…
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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…
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Understanding “Duty to Defend”
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…
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What to look for in contracts for architects/engineers
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. …
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When Winning Costs More Than the Prize: A Fee Dispute Claim…
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…
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What effects your architecture/engineering firm’s business o…
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…
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Beginners Guide to Motorcycle Insurance
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,…
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What effects your architecture/engineering firm’s workers co…
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…
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