Reporting a Potential Claim It is very important to report a potential claim or situation to your professional liability carrier as soon as you receive notice. Notice can be a…
Like many things you may not have covered extensively (or at all) in architecture school, certifying the Contractor’s application for payment is an underemphasized but critical component of an Architect’s…
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…
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…
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…
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…
The extended reporting period may also be referred to as a tail policy. The extended reporting period is an extended period of time that a claim can be reported after…
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…
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…
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…
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…