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Architects and Engineers Tail Coverage

Architects and Engineers Tail Coverage

Insurance
For architects and engineers, “tail coverage” refers to extended protection for claims that are reported after a professional liability insurance policy ends. It is formally called an Extended Reporting Period (ERP) endorsement. Professional liability…
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Claims Made Policy vs Occurrence Policy

Claims Made Policy vs Occurrence Policy

Insurance
Claims-made policies (standard for architects and engineers) cover incidents reported while the policy is active, requiring continuous coverage and often “tail coverage” (extended reporting period, ERP) upon retirement or closure…
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flood insurance

Commercial Flood Insurance

Insurance
The NFIP defines a flood as: “A general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or…
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