How Does A Claim Affect My Professional Liability Policy?
How Does A Claim Affect My Professional Liability Policy? You’ve had a claim and it has now closed and you are wondering how this will affect your professional liability premium. …
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Engineering Scholarship
2019 Schedule Announced – ACEC Engineering Scholarship – And, 2018’s Winning Essay a/e ProNet is proud to sponsor the American Council of Engineering Companies (ACEC) Scholarship. Each year this $5,000…
Read MoreIs my design firm required to get the extended reporting per…
Is my design firm required to get the extended reporting period or ‘tail’ for Professional Liability? It is important to understand what an extended reporting period (ERP), also called a…
Read MoreManage Injured Worker Claims Through Additional Insured Stat…
Manage Injured Worker Claims Through Additional Insured Status A very informative risk management article from Victor O. Schinnerer relates to having the contractor name the design professional as an Additional…
Read MoreNamed Insured on Policies for Architects/Engineers
Named Insured on Policies for Architects/Engineers What is a named insured? This is an owner or entity that can make changes to the policy and is listed on the declarations…
Read MoreUnderstanding the Deductible
Understanding the Deductible on Professional Liability for Architects/Engineers It is important to understand what a deductible is on Professional Liability. The deductible is your firm’s obligation to pay per claim…
Read MoreWhy is my design firm required to provide an application to…
Why is my design firm required to provide an application to obtain new or renewal quotes for Professional Liability? Professional Liability is a different type of policy from other policies…
Read MoreLimitation of Liability Clause
Benefits of a Limitation of Liability Clause A limitation of liability clause (sometimes referred to simply as a liability clause) is the section in a contracted agreement that…
Read MoreBusiness Owner Policy Breakdown
The Parts of the Business Owner Policy for Architects/Engineers There are several sections of a Business Owner policy, all of which your firm should be familiar with. Declarations pages –…
Read MoreInsurance, Active Shooters & Workplace Violence
Insurance, Active Shooters & Workplace Violence We know that no one really wants to read any more about active shooters especially how it may affect their insurance. However, Insurance and risk…
Read MoreSome Project Types are Higher Risks
Why are some project types higher risks than others for design professionals? There are project types that are considered a better risk than other types of projects, here are some…
Read MoreHow to Prevent Your Pipes From Freezing
How to Prevent Your Pipes From Freezing Subzero temperatures can cause even interior pipes to freeze. When temperatures plummet, the risk of your pipes freezing and bursting skyrockets. In fact, burst…
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