Umbrella Policies for Architects/Engineers
While umbrella policies are not as common for an architecture or engineering firm to have, they are available. Typically, the umbrella policy will be with the same insurance company as…
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The Benefits of Flood Insurance
Floods can happen anywhere — just one inch of floodwater can cause up to $25,000 in damage. Most homeowners insurance does not cover flood damage. Flood insurance is a separate…
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Motorcycle Insurance – Choosing the Right Policy!
The Insurance Information Institute issued tips for the cost-conscious rider, like finding the right motorcycle insurance for you and your bike. Click HERE for full article. Choosing the right insurance is…
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Risk Management Tools
Risk management tools available for architect and engineering firms- Insurance policies are a part of a risk management program for design firms. However, there are additional risk management tools available…
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Reporting a Potential Claim
Reporting a Potential Claim It is very important to report a potential claim or situation to your professional liability carrier as soon as you receive notice. Notice can be a…
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It’s Just An Application For Payment Right?
Like many things you may not have covered extensively (or at all) in architecture school, certifying the Contractor’s application for payment is an underemphasized but critical component of an Architect’s…
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Certificates of insurance for architects/engineers
Certificates of insurance provide information about your general liability, automobile liability, umbrella, workers compensation, professional liability, and cyber liability insurance policies. The information provided is the type of policy, the…
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What Coverages are Included with a Motorcycle Policy?
Choosing the right insurance coverages for your motorcycle can be confusing. There are a wide range of coverages to give you peace of mind and protect your bike. Many of these…
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Key definitions in a professional liability policy
The whole professional liability policy is important to understand, however, there are a few key definitions that your firm should pay attention to. Your firm will want to know who…
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When is a good time to get an extended reporting period for…
The extended reporting period may also be referred to as a tail policy. The extended reporting period is an extended period of time that a claim can be reported after…
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How to Respond to Claims Questions in the RFP
One of the insurance carriers that we work with, Berkley Design Professionals has provided information on what to do when there are claims questions in an RFP.You’ve done a great…
Read MoreLimitation of Liability
Limitation of Liability A limitation of liability provision in a contract is one in which a Design Professional and client agree to limits the liability of the Design Professional. It…
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