Exclusions on a Professional Liability Policy for Architects/Engineers While the exclusions will vary with each insurance company there are several that are quite common amongst most policies. Here are some sample wordings of common exclusions on policies. Example one: Based…
Umbrella Liability insurance is a form of liability insurance that will supplement your basic liability policies, such as your auto, home, or renters insurance. An umbrella liability policy covers a much higher limit and goes above and beyond claims directly relating…
The importance of reading your architecture/engineering firms Professional Liability policy…. Your firms Professional Liability policy is probably one of the most important insurance policies your firm has that is directly related to the work that your firm does. It is…
Can my architecture/engineering firm have a choice of counsel on Professional Liability? This is a great question and an matter that needs to be address prior to purchasing your firms Professional Liability policy. Many architecture and engineering firms have an…
Providing Pro Bono Services Whether or not professional services are provided for a fee or on a complimentary basis, the professional liability risks are the same. Professional liability insurance coverage is also the same, even though no premium is calculated…
What is a deductible credit on Professional Liability for architects and engineers? The deductible credit definition will vary with each insurance company and generally will be for early resolution of a claim or use of mediation. Here are a few…
Malpractice Statute of Limitations applies to Breach of Contract Claims asserting Negligent Supervision but Indemnification Obligations Extend Time for Filing Suit Statute of Limitations for causes of action for negligent supervision and breach of engineering contract are both deemed…
Choosing a Limit of Liability on Your Architecture/Engineering Firms Professional Liability Policy These are the times you wished you had a crystal ball to predict the future and what a claim might cost your firm. Unfortunately we do not have…
Business Owners Policy – Who Is It Right For? A Business Owner’s Policy (BOP Insurance) can help safeguard your company from property damage, loss and lawsuits in the wake of unforeseen events. A Business Owner’s Policy builds in many specialized…
Additional Insured Language in a General Liability Policy for Architects and Engineers Most general liability policies for architects and engineers are geared specifically towards the specific industry so the wording of additional insured may look slightly different than it would…