A.M. Best Ratings on Insurance Companies for Architects and Engineers Insurance companies worldwide have an A.M. Best rating, what does this mean? A.M. Best is a rating agency that provides a rating on each insurance company based on financial strength…
UNDERSTANDING CONTRACTUAL INDEMNIFICATION AND ADDITIONAL INSURED OBLIGATIONS For design professionals, the thrill of securing an exciting new project often gives way to a stark reality: your sophisticated new client has retained experienced construction lawyers to negotiate a contract that…
Insurance – Good to know! For architects and engineers there is always something to learn about insurance. Whether it is benefits to the policy or ways to get additional discounts, there is always something to learn. Did you know most…
Early Mediation – A Low-Risk High-Reward Proposition Early mediation is a mechanism that can provide a path to resolution. This forum allows the parties to present their issues to a knowledgeable intermediary who will work with all sides to facilitate…
Understanding Depleting Limits of Liability in a Professional Liability Policy for Architects and Engineers Limits of liability in your firm’s policy will be defined in the declarations page of your firm’s policy and is determined at renewal time or when…
Workers’ Compensation Insurance Workers’ compensation insurance (also known as workman’s comp insurance) provides benefits to employees for work-related injuries or illnesses including medical care, wages from lost work time, and more. Workers’ compensation insurance covers a deceased worker’s family with…
Record Retention for Architects and Engineers The first of the year is always a good time to consider what records to keep and what records to let go of. It is best to have a written policy in place at…
AUTO NO-FAULT REFORM QUICK FACTS The following information is provided on behalf of the Michigan Department of Insurance and Financial Services. When Does the New Law Take Effect? The law currently requires you to carry unlimited medical coverage to pay…
Can my firm increase limits of liability on my Professional Liability policy? The insurance company will need to look at all of the factors before determining if the limits of liability can be increased. Here are some options and the…
Social Media and Design Firms Social media sites such as Facebook, Twitter and YouTube are just a few examples of the technology available to design firms and other businesses to promote their business and the services they offer. For relatively…