Claims Made Policy
Claims Made Policy How does claims made work on a professional liability policy for architects/engineers? Claims made is the most common type of policy for professional liability. Claims made means…
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Waiver of subrogation in policies for architects/engineers
Waiver of subrogation in policies for architects/engineers- Your firm may see a clause in your contracts for waiver of subrogation. It may even be in the insurance requirements section of…
Read MoreIs contractual liability covered under my architecture/engin…
Is contractual liability covered under my architecture/engineering firms’ policies? First, what is contractual liability? It involves the financial consequence emanating from liability, not the assumption of the indemnitee’s liability itself. …
Read MoreContracts for Architects/Engineers
Contracts for Architects/Engineers Contracts are the beginning of a project and set the tone for how the project will proceed. Contacts are extremely important for design professionals. Not just having…
Read MoreBuilders and Designers Beware: It’s Getting Harder to Hide B…
Corporate Veil 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…
Read MoreGREAT AMERICAN 2023 RESOLUTION CHALLENGE TAKE 2: A BETTER CO…
A BETTER CONTRACT Drink more water. Spend less money. Establish an exercise regimen. We all made these cliched New Year’s resolutions to better ourselves as we entered the new year…
Read MoreUpcoming Seminar in Colorado: CONTRACTS, COMMUNICATION, COOR…
Sailing the High C’s: Contracts, Communication, Coordination Join Cindy King from our Colorado office on April 6th for a very informational seminar! PLEASE RSVP BY THURSDAY, MARCH 30th at cking@profunderwriters.com…
Read MoreWhat does my firm do when we receive a subpoena?
Subpoena What does my architecture/engineering firm do when we receive a subpoena? A subpoena doesn’t mean your firm has been named in a claim. Most times when a subpoena is…
Read MoreCase Study: Should You Be Performing Home Inspections As A D…
Home Inspections You may be or have been approached by family member, friend, colleague or client prospect to perform a home inspection in conjunction with the purchase of a home.…
Read MoreHow are sub consultants covered under an architect/engineers…
How are sub consultants covered under an architect/engineers policies? The short answer is sub consultants are not covered under your architecture/engineering firms policies. However, there are some exceptions to this.…
Read MoreConsiderations When Being Retained to Replace a Design Firm
Considerations When Being Retained to Replace a Design Firm Sometimes economic conditions cause an increase in the frequency of design firms being hired to replace other design firms involved in a…
Read MoreRisk management program for architects/engineers
Risk management program for architects/engineers- The beginning of the year is a good time to assess what your firm is doing for risk management. It is important to have risk…
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