Cancellations & non-renewals of an architects/engineers professional liability policy- The same parameters of the cancellations and non-renewals will be common amongst most insurance companies. Here is an example of the policy wording: CANCELLATION & NON-RENEWAL (A) The Insurer may cancel…
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. You are a licensed design professional and should have the…
Additional insured on insurance policies for architects/engineers- This request is asked for often and not all policies will allow for the additional insured status. Here is a breakdown of what policies will and will not allow. General liability is the…
The Importance of Snowmobile Insurance Having the right kind of snowmobile insurance can help you keep enjoying your ride for many years to come. You’ll need to make sure to get a policy with every type of coverage that matches…
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. There are some professional liability policies that will include sub…
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…
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 project. The original design firm might have been unable to…
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 management program at your firm so that projects, that may…
CONTRACT WISH LIST FOR DESIGN PROFESSIONALS – PART III This is Part III in a series discussing risk and liability mitigating terms and conditions that are beneficial to seek to include in your next design professional contract. In our first…
Comparing professional liability quotes for architects/engineers- While it is easy to look at a renewal premium with different companies and choose based on the premium, there are several policy terms to consider when choosing an insurance company. One major item…