The Use of a Well-Written Contract as an Important Risk Mana…
The Use of a Well-Written Contract as an Important Risk Management Tool BY, ANDREW J. CARLOWICZ, JR. Travelers * Is a claim being asserted against you and your firm?…
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Professional Liability quotes check list
Below is a check list of items to look out for when obtaining Professional Liability quotes for your firm. Limits of liability – What are your current limits of liability…
Read MoreWhat is pre-claims assistance on Professional Liability?
What is pre-claims assistance on Professional Liability? Several carriers offer free pre-claims assistance on your Professional Liability policy. Pre-claims assistance is if you have not received a ‘notice of claim’…
Read MoreINSURANCE CLAIMS OR INCIDENTS
INSURANCE CLAIMS OR INCIDENTS – Ensure the fastest possible response to your insurance claim or incident Reporting insurance claims or an incident (a situation that very well could turn into…
Read MoreAdditional insured on Professional Liability??
Your firm may get requests from your clients to list or name an additional insured on your Professional Liability policy. The additional insured language is not available on your Professional…
Read MoreIce Dam causes and prevention
With the temperature fluctuations we experience throughout our unpredictable seasons, ice dams are causing frustration and financial burdens to home owners. Although the damage caused by ice dams will more…
Read MoreApartment project converting to condos
With the current trend of condos being more and more difficult to build due to litigation and claims, developers/owners are looking to build apartments instead. The issue, for architects and…
Read MoreProject endorsements on Professional Liability
There will be times that as an Architect or Engineer you will have contract requirements for limits of liability that are higher than the current limits carried on your Professional…
Read MoreUAVs/Drones – Do you operate unmanned aerial vehicles…
Do you operate unmanned aerial vehicles (UAVs/Drones in business? If the answer is yes you made need to purchase a separate liability policy. Your business owners or general liability policy…
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Retroactive date on a Professional Liability policy
What is a retroactive date? It is the date set in a policy that shows when you started a policy with a carrier and have continuous Professional Liability policies. It…
Read MoreHow Effective is your Insurance Risk Management Program?
How Effective is Your Risk Management Program? Many design firms attend risk management training sessions and implement certain practices based on an industry trend or project claim. Other firms may…
Read MoreMid-term Increase of Architect’s/Engineer’s Professional Lia…
Many Architects and Engineers have been carrying Professional Liability Limits of $1,000,000 each claim with a $2,000,000 annual aggregate for a number of years; but we are seeing an increasing…
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