Hired Auto Liability Coverage Hired Auto coverage provides Liability insurance for vehicles you lease, hire, rent, or borrow to use in connection with your business. Hired auto liability coverage example You’ve taken on a special job that requires you to rent…
Umbrella Policy What is covered and not covered under an umbrella policy for architects/engineers? An umbrella policy provides additional coverage or excess limits for your design firm. What is covered under the umbrella policy? For an architecture/engineering firm the ‘underlying’…
Fiduciary Liability Coverage Why you and your organization need protection – If your company sponsors a retirement or health plan for its employees and you are involved in any way with the management of that plan, you are likely considered…
What does my architecture/engineering firm need to do in the event of a claim or circumstance? First and foremost your firm needs to report the claim or circumstance immediately to your agent or insurance company. After the claim or circumstance…
Understanding Workers Compensation for Architects/Engineers Firms The workers compensation policy can be complicated but once you understand how it works it can become easier to comprehend. There are six standard parts of the workers compensation policy. Part one pays for…
How to Get Paid Promptly… and Not Get Sued by Barry Temkin and Kate DiGeronimo Every design professional likes to get paid promptly. While it is not the only reason you are in business, getting paid certainly beats the alternatives….
What are some of the coverages that can be added on to an architects/engineers business owner policy? There are many types of coverages that are automatically included in a business owner policy; however, there are additional coverages available for your…
a/e ProNetwork News March 2020 A federal district court in Wisconsin held that the contractual liability exclusion of a professional liability policy means that the policy only covers third party claims against an engineer and affords no coverage for claims…
What to Be Aware of as the Prime Consultant on a Project As the prime consultant on a project your design firm holds the contract with the owner or developer on the project and takes on more responsibility than being…
Definition of a Claim in an Architects/Engineers Professional Liability Policy The definition of a claim is important because your firm will want to know when/if you should be reporting a claim. Every insurance policy will be slightly different so be…