What information is needed to quote Architects and Engineers Professional Liability? Whether you are getting a renewal quote or a quote for your new firm the Professional Liability insurance companies will require an application. There may be some additional items…
Copyrights in Design Contracts A copyright may not be the first thing a design professional contemplates while reviewing or writing a contract. Standard design industry contracts (e.g., AIA and EJCDC), keep the copyright with the design professional and provide for…
Payment Options Available on Professional Liability There are several payment options available when your design firm is binding your Professional Liability policy. Payment in full, paid to your agent directly is probably the most common option. However, our agency works…
Eclipse Viewers Is insurance necessary for commercial and personal property owners allowing others to view the eclipse? You may want to review the potential liability issues if you said ‘no’. As with any landowner, or if you are renting property,…
The Importance of Having a Contract on Projects as Design Professional While it might seem tedious to have a contract on every project, no matter how small, it is important. Contracts provide both the project owner and Design Professional the…
Exclusions in Kidnap & Ransom Policies In many parts of the world, company executive and even their family members are at risk of kidnap and ransom. However, there may be some exclusions in your policy that you are not aware…
Risk Management Resources for Design Professionals Many Professional Liability insurance companies and outside resources have risk management information for Design Professionals. It is best to check with your insurance carrier to find out what they do have available. Here is…
Drone Insurance for Commercial Use More and more small businesses are turning to the use of drones these days. Whether it be for photography, surveillance, mapping or filming you better look into getting the right amount of insurance for your…
Definitions in a Professional Liability policy for Design Professionals It may be a part of the policy that you don’t pay much attention to but it is as important as the limits and deductible. The definitions in the policy give…
Revised A201 Family of AIA Contract Documents Released As part of its 10 years revision cycle, the American Institute of Architects (AIA) released in April their revised A201 Family of documents. Eleven forms and contract were revised including: A101™–2017,…