The importance of contracts for architects/engineers
The design work your firm does is extremely important. Every good project starts with a strong contract. Keep in mind that before a project begins the contract and negotiations on…
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BUILDERS AND DESIGNERS BEWARE: IT’S GETTING HARDER TO HIDE B…
When you get the dreaded summons in the mail notifying you of a suit with allegations of negligence and defective design and construction on a recent project, you notify your…
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Certificate of insurance requirements from clients for archi…
Certificate of insurance requirements from clients for architects/engineers- Your firm may receive requests for certificates of insurance from your clients. You may be asking yourself what is acceptable to be…
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Should You Consider Flood Insurance?
Did you know that most commercial insurance policies specifically exclude damage caused by a flood? Having a proper Flood Insurance policy in place can offer the piece of mind your…
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Should our firm purchase the extended reporting period for o…
The extended reporting period is an extended period of time that your firm can report a claim after the policy is not renewed. The professional liability is a claims made…
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What limits of liability should my architecture/engineering…
This is a difficult question to answer because nobody can predict the future. There are a few guidelines to keep in mind when considering limits of liability. The size of…
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What to look for when choosing a professional liability insu…
For architects/engineers the professional liability policy is likely one of the more expensive insurance purchases. It is important to know some key factors to be aware of when choosing a…
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Timely Tips for Avoiding Delay Claims
When Benjamin Franklin coined the phrase “Time is money,” it was not directed toward design professionals. However, unfortunately for design professionals this adage rears its ugly head in the form…
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Choosing a Deductible on Professional Liability for Architec…
There are commonly a few choices on professional liability policies with regards to limits and deductibles. It is important to understand the deductible and how it could affect your firm.…
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How Retirement Changes Your Insurance Needs
It’s never too early to start planning for retirement. With so many choices and next steps to consider, let us help ensure you have the best insurance protection in place…
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Using ChatGPT in the Insurance Industry
Vertafore: 6 ways ChatGPT is being used in insurance Recent conversations around the use of artificial intelligence (AI) in insurance — and most especially generative AI tools such as ChatGPT…
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Increased Limits of Liability on Professional Liability
Increased limits of liability for architects/engineers on professional liability- There has been an uptick in the number of requests for higher limits for design firms on their professional liability policies. …
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