Social Engineering – What is this new phrase you have been hearing about? Social engineering, in the context of information security, refers to psychological manipulation of people into performing actions or divulging confidential information. This is becoming very common and more…
What is the declarations page of an architects and engineers Professional Liability policy for? The declarations pages, also known as ‘dec page’, are basically the first few pages of your Professional Liability policy. These first few pages are very important…
Insurance Requirements and Certificates of Insurance Everyday Design Professionals are faced with decisions on how to properly execute a contract negotiation and everyday we receive an email regarding these negotiations. More often than not, we are asked about our…
Deductible options on a Professional Liability policy for Design Professionals – One of the factors to consider when reviewing Professional Liability quotes is not just the deductible amount but the deductible option. What are the typical deductible options? First dollar…
INSURANCE RATES Commercial Insurance rates can be affected by losses. Workers Compensation insurance costs can be affected by employee injuries. General Liability insurance costs could be affected by injuries to persons other than employees. Commercial Excess/Umbrella insurance costs can be…
Do I need Professional Liability as an architect or engineer? This question does come up from time to time in certain circumstances. Sometimes as an architect or engineer you may think what you do is considered low risk services. But…
Additional Insured’s Notice of Cancellation A&E firms rely on certificates of insurance as proof of their insurance policies, including an additional insured endorsement that may be required by contract. The certificate of insurance not only shows the types of insurance policies,…
Workers Compensation, what information is needed to quote? Here is a list of some of those items that may be required to obtain a quote: Address – location and mailing address will be requested, if they are different addresses provide…
Architects and Engineers Business Owner Policy quotes, what information is needed to quote? Here is a list of some of those items that may be required. Location Address – The insurance company will need the location address and information about…
Construction Contract Administration Services Q: I feel that there is more risk doing contract administration services. Am I better off avoiding providing that service? A: There is no indication that providing construction contract administration services (CA), if done properly by…