Insurance

Copyrights in Design Contracts A copyright may not be the first thing a design professional contemplates while reviewing or writing a contract. Standard design industry contracts (e.g., AIA and EJCDC),…

Payment Options Available on Professional Liability There are several payment options available when your design firm is binding your Professional Liability policy. Payment in full, paid to your agent directly…

Exclusions in Kidnap & Ransom Policies In many parts of the world, company executive and even their family members are at risk of kidnap and ransom. However, there may be…

Definitions in a Professional Liability policy for Design Professionals It may be a part of the policy that you don’t pay much attention to but it is as important as…

Revised A201 Family of AIA Contract Documents Released As part of its 10 years revision cycle, the American Institute of Architects (AIA) released in April their revised A201 Family of…

FAQ on Professional Liability for Architects and Engineers There are many questions that come up when discussing Professional Liability.  The list below addresses some of those FAQ. How does Professional…

Insurance Changes Insurance section description is more detailed, separate attachment for insurance and bond exhibit, insurance is required by Architect for a minimum of one year following Substantial Completion (2.5);…

What insurance company should my design firm bind Professional Liability coverage with? With so many insurance companies in the marketplace this can be a difficult decision.  There are some factors…

Determining business personal property amount on a Business Owner policy for Design Professionals.  There is not an exact science to how to determine the limits of business personal property on…

Jewelry Putting an insurance policy on your engagement ring may sound unromantic, but nothing’s sweeter than peace of mind. Many Homeowners or Renters policies will include a limited value for…