Who Needs Cyber Liability Insurance? Every type of organization, from global companies to mom and pop shops that use technology to do business, face cyber risk. As technology becomes more complex and sophisticated, so do the threats that businesses face. This…
Year End Check List Check list of year end ‘to do’ items for architects and engineers. It is getting to be the end of the year and it is always good to have a list of items for the upcoming…
GIVING BACK PUI Helping Out a Local Family This Holiday Season Every year our team at PUI gets together to support a local family through Novi Youth Assistance. This year we were matched with a family having 2 boys –…
Who is Covered Under a Professional Liability Policy? Professional liability insurance helps cover you and your company if you make a mistake in your professional services. This coverage is also known as errors and omissions insurance (E&O). The insurance company will pay all…
Professional Services Defined in an Architects/Engineers Professional Liability Policy Insurance companies each have defined what ‘professional services’ are in their policies. This definition in important when your firm is defining your scope of services in a contract. It is equally…
Professional Liability Claim What do I do when I have a Professional Liability claim? Ignore it and hopefully it will go away. This is not an uncommon response to potentially bad news. It may be difficult to accept or acknowledge that…
Dispute Resolution It is inevitable that all design professionals will come across a fee dispute during their career. While using a well crafted contract such as the AIA standard form is a great way to mitigate this outcome, there will…
Declarations Pages – What Are They? What are declarations pages on a policy for my architecture/engineering firm? These are the first few pages of a policy that state the named insured, address, policy period, location address, mailing address, policy limits…
Directors & Officers (D&O) Liability Insurance The financial assets of your clients’ organizations and the personal assets of the directors & officers can be at risk with every decision they make. Directors & Officers (D&O) Liability insurance is designed to…
Report a claim or not? The first question your firm should ask, is this a claim based on the definition of claims in your firms professional liability policy. Here is an example from a policy for the definition of a…