Important Insurance Terms for Architects and Engineers
Important Insurance Terms for Architects and Engineers There are many terms when it comes to insurance policies, below is a list of some of the terms that will be significant…
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Directors and Officers Insurance
Directors and Officers Insurance Directors and officers (D&O) liability insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by…
Read MoreProfessional Liability vs. General Liability for architects…
Professional Liability vs. General Liability for Architects and Engineers What does each policy cover? How are the similar? How are they different? Professional Liability is for design errors or omissions. …
Read MoreIncluding Sub Consultants on My Design Firms Professional Li…
Including Sub Consultants on My Design Firms Professional Liability Renewal Application The question of sub consultants on Professional Liability comes up quite often. Why do they need to be included…
Read MoreNo Vacant Commercial Building Insurance Can Bankrupt
Not carrying insurance on your vacant commercial building? It could cost you more than just losing the rents. According to Burns & Wilcox, a leading insurance broker, ‘each year,…
Read MoreReplacement Cost vs Market Value
Replacement Cost vs Market Value When you think of what your home is worth, you tend to think of either what you paid for it, or the price you can…
Read MoreWhy is my Professional Liability premium different from anot…
Why is my Professional Liability premium different from another design firm that does similar work? This question comes up quite a bit because your design firm may be doing similar…
Read MoreOh the DANGERS of Summertime!
Summertime Dangers It’s all fun and games until someone gets hurt, right? As the weather gets warm and the days stay light longer, it’s a fact that mishaps will happen…
Read MoreCommon exclusions on Professional Liability policies for Arc…
Common Exclusions on Professional Liability Policies for Architects and Engineers Most Professional Liability insurance companies have much similar exclusions on their policies. It is important you read your firms policy…
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Risks for Design Professionals
Risks for Design Professionals 1. Contract Language – Poorly written contracts and ambiguous language can expose firms to unintended Risk. It is a good idea to send your contract in…
Read MoreHow to complete the architects and engineers Professional Li…
How to Complete the Architects and Engineers Professional Liability Renewal Application The renewal application is an important piece of information for the insurance companies to determine your renewal premium. It…
Read MoreLower premium – Tips and ‘How To’
Lower premium – Tips and ‘How To’ The bottom line for your firm is very important. Here are some ideas of how to help lower your Professional Liability premium. Deductible…
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