Certificates of insurance for architects/engineers- Certificates of insurance provide information about your general liability, automobile liability, umbrella, workers compensation, professional liability, and cyber liability insurance policies. The information provided is the type of policy, the insurance company, policy number, effective…
Motorcycle Policy Choosing the right insurance coverages for your motorcycle can be confusing. There are a wide range of coverages to give you peace of mind and protect your bike. Many of these coverage types are automatically included at no extra…
Key definitions in a professional liability policy for architects/engineers- The whole professional liability policy is important to understand, however, there are a few key definitions that your firm should pay attention to. Your firm will want to know who an…
Risk Management Seminar Join Professional Underwriters this Thursday, April 18th for our 34th annual Risk Management Seminar for Design Professionals. This 4 hour program is registered with the AIA/CES for 4 learning unit hours and qualifies for health, safety and…
When is a good time to get an extended reporting period for an architect/engineering firm on a professional liability policy? The extended reporting period may also be referred to as a tail policy. The extended reporting period is an extended…
How to Respond to Claims Questions in the RFP One of the insurance carriers that we work with, Berkley Design Professionals has provided information on what to do when there are claims questions in an RFP.You’ve done a great…
Limitation of Liability A limitation of liability provision in a contract is one in which a Design Professional and client agree to limits the liability of the Design Professional. It is common to have a specific dollar amount, insurance limits…
Roadway Projects and Bodily Injury Claims In 2023, Great American’s Risk Management Newsletter Series focused on contract provisions and ways to tighten your contract language to best protect you and your firm. This year we will be concentrating on trending…
Cyber Liability Coverage Options Give your firm piece of mind with Cyber Liability/Network Security coverage. The options may seem overwhelming or confusing, but the policy can be tailored to your firm’s needs. Here are some coverage options you should consider….
What is an insuring agreement on architects/engineers’ insurance policies? An insuring agreement is a legal contract between the insurance company and the entity being insured. It is the portion of the policy that the insurance company promises to make payment…