Insurance

Project policy vs. project Specific Additional Limit Endorsement (SALE).  What is the different between a project policy and a SALE or project endorsement? A project policy is a separate Professional…

Professional Liability claim process for Design Professional firms.  The first question that your firm may ask is ‘what is a claim?’  If you think it’s a claim it probably is. …

Our Design Professional firms are merging, how does this work with Professional Liability insurance?  Merging firms can be tricky for many reasons involved but one major factor that is important…

What is a mediation credit on a Professional Liability policy?  Some insurance carriers offer a reduction on the deductible if your Design Professional firm resolves a claim with the use…

What are supplementary payments in a Design Professional’s Professional Liability policy in the event of a claim? Just as it states, Professional Liability policies do have supplementary payments available in…

Does an insurance company need my consent to settle a claim on a Professional Liability policy? Most Professional Liability policies for Design Professionals do have a clause in the policy that…