Definition of Professional Services in a professional liability policy- The definition of professional services in your professional liability policy is very important. If your firm provides services outside of the professional services defined in your policy it may not be…
Loss Runs What are loss runs on Professional Liability for architects/engineers? The loss runs are a claims history report on your firm’s Professional Liability policy. It provides details of claims or pre-claims that have been reported to an insurance company….
The Engineer’s Need for a Written Contract It is truly surprising to see how often professional engineers perform services for clients without the most important document of the entire endeavor: a written, signed contract for services. What many people do…
Mergers and Acquisitions of My Architecture/Engineering Firm Business is ever changing and your firm might come into a situation that you are in a merger or acquisitions. If this situation does come up for your firm call your insurance agent…
What can affect your architecture/engineering firms Professional Liability premium? There are several factors that go into determining a premium for your design firm. The information provide on the renewal application, your firm’s claims history, website information, brochure and resumes will…
Employment practices liability insurance (EPLI) has become increasingly important for employers since the recent recession. The types of lawsuits and claims related to employment issues that EPLIs cover – like workplace discrimination, wrongful termination, and lack of compliance with the…
Why did my premium change on the business owner policy? Why did my architecture/engineering firm’s premium change on the business owner policy? There may be several reasons for a premium change on the business owner policy, here some examples of…
Resuming Projects After Shutdown Reopening a construction project after a shutdown can be challenging. Whether planned or unplanned, a construction shutdown can have a significant impact on a project’s potential for loss. To help prepare your work site to reopen,…
New RVers – Safety Tips Summer travel and safety tips for new RVers | PropertyCasualty360 Independence Day travel is expected to approach pre-pandemic levels during the 2021 July Fourth weekend, according to AAA, with more than 47.7 million Americans planning…
What are claims expenses in an architects/engineers Professional Liability policy? Claims expenses are all of the costs that are associated with the defense of your firm’s claim. An example of the definition of claims expenses in a Professional Liability policy…