Endorsements Available on the Business Owner Policy for Architects and Engineers There are several endorsements available on the business owner policy and this will vary with each insurance company. Here are some of the examples of the endorsements that may…
Continuing Education Credits can be earned at our upcoming seminar – Risk Management for Design Professionals. This seminar is registered with AIA/CES! Click HERE to REGISTER TODAY! GRAND RAPIDS, MI – March 4th TROY, MI – March 5th Mark your calendars to attend!…
A.M. Best Ratings on Insurance Companies for Architects and Engineers Insurance companies worldwide have an A.M. Best rating, what does this mean? A.M. Best is a rating agency that provides a rating on each insurance company based on financial strength…
UNDERSTANDING CONTRACTUAL INDEMNIFICATION AND ADDITIONAL INSURED OBLIGATIONS For design professionals, the thrill of securing an exciting new project often gives way to a stark reality: your sophisticated new client has retained experienced construction lawyers to negotiate a contract that…
Insurance – Good to know! For architects and engineers there is always something to learn about insurance. Whether it is benefits to the policy or ways to get additional discounts, there is always something to learn. Did you know most…
Early Mediation – A Low-Risk High-Reward Proposition Early mediation is a mechanism that can provide a path to resolution. This forum allows the parties to present their issues to a knowledgeable intermediary who will work with all sides to facilitate…
Understanding Depleting Limits of Liability in a Professional Liability Policy for Architects and Engineers Limits of liability in your firm’s policy will be defined in the declarations page of your firm’s policy and is determined at renewal time or when…
Workers’ Compensation Insurance Workers’ compensation insurance (also known as workman’s comp insurance) provides benefits to employees for work-related injuries or illnesses including medical care, wages from lost work time, and more. Workers’ compensation insurance covers a deceased worker’s family with…
Record Retention for Architects and Engineers The first of the year is always a good time to consider what records to keep and what records to let go of. It is best to have a written policy in place at…
AUTO NO-FAULT REFORM QUICK FACTS The following information is provided on behalf of the Michigan Department of Insurance and Financial Services. When Does the New Law Take Effect? The law currently requires you to carry unlimited medical coverage to pay…