Declarations Page

What is included on the declarations page of a professional liability policy for architects/engineers?  The declarations page(s) are the first few pages of your firm’s professional liability policy.  There are several pieces of important information included on these pages.

Your firm name and firms address will be some of the first items included on the declarations page.  It is really important to verify that your firm name is correct on the policy.  If your firm has multiple firm names, this may be included here as well.  Your agents name and address and the insurance company’s name and address will also be included on the declarations page.

The effective date, deductible amount and limits of liability will be included on the declarations page.  Always verify these are correct and in line with the policy that was bound with the insurance company.  This is the area the claims representative will refer to in the event of a claim.

The retroactive date is also included on the declarations page.  The retroactive date is good to review to make sure it is correct.  This may list a specific date, or it will state that it is full prior acts.

The premium and installment payments will also be included on the declarations page.   If your firm is being directly billed by the insurance company this may also be listed.

The extended reporting period options may also be included.  This is also referred to as the tail policy options.

A few other items that may be listed are the claims reporting information, although in most cases your firm can report claims to your agent.  A list of endorsements may also be included.

If you have any questions about your firms’ declarations pages of your professional liability policy, please call or email your Professional Underwriters agent for assistance.