How professional liability policy premiums are determined for architects/engineers- There are many factors in determining the premium for professional liability and many of those factors will start with the professional liability application. The professional liability application provides many details for…
First Dollar Deductible Option on Professional Liability for Architects/Engineers The name first dollar may look different with different insurance companies; it may also referred to as damages only or dollar one defense. With the first dollar deductible option your firm…
Sub Consultants – Tips for Working with Them It is common practice in the industry to work with sub consultants on projects. There are some areas to be aware of when working with other design professionals. First, and probably the…
A/E PRONET ANNOUNCES OUR TWO RECIPIENTS FOR THE 2022-2023 DAVID. W. LAKAMP SCHOLARSHIP Initially launched in 1990, the scholarship was renamed after a/e ProNet’s Founder, David W. Lakamp in 1999. Lakamp was a trusted advisor…
Good risk management practices for architecture/engineering firms- Risk management will not look the same at every firm but the bottom line, of what is important, is to have some sort of risk management at your firm. The largest risk management…
Historic Inflation Impacting Home & Auto Insurance Preparing for historic inflation- A perfect storm for inflation is brewing – fueled by increased costs for material, labor and supply shortages, and shipping delays. And anyone who owns a home, rents or…
Adequate Limits What are adequate limits of liability for my architecture/engineering firm on professional liability? This can be a challenging question because you don’t know if and when your firm will have a claim and how much the insurance company…
Insuring Your Watercraft Did you know that not all watercraft are automatically covered under your Home Owners Personal Liability coverage? Protect the life you love, on the water and off. With Hanover Insurance Company’s watercraft coverage and the help of your…
Contract on Projects – The Importance Contracts should be the start of each and every project for your firm. This lays out the groundwork for what will take place during and after the project. Contracts, first and foremost, are important…
Graduation Party – Social Hosting Liability The state of Michigan defines a Social Gathering as “an assembly of two or more individuals for any purpose, unless all of the individuals attending the assembly are members of the same household or…