Retain Documents – How to! Which is a better strategy: retain all of your documents or just some? With modern advances in technology and the ease of storing documents, it has become difficult to choose which documents to keep…
What is pre-claims assistance on Professional Liability? Several carriers offer free pre-claims assistance on your Professional Liability policy. Pre-claims assistance is if you have not received a ‘notice of claim’ from your client but you feel there may be issues…
INSURANCE CLAIMS OR INCIDENTS – Ensure the fastest possible response to your insurance claim or incident Reporting insurance claims or an incident (a situation that very well could turn into an insurance claim) as soon as reasonably possible is of…
Your firm may get requests from your clients to list or name an additional insured on your Professional Liability policy. The additional insured language is not available on your Professional Liability policy and there are a few reasons why: Some…
With the temperature fluctuations we experience throughout our unpredictable seasons, ice dams are causing frustration and financial burdens to home owners. Although the damage caused by ice dams will more than likely be covered by your Home Insurance policy, the…
With the current trend of condos being more and more difficult to build due to litigation and claims, developers/owners are looking to build apartments instead. The issue, for architects and engineers, that has come up lately is; will the apartment…
Were you one of the many that made a New Year’s resolution this year? Trends show that by the third week in January most people have tossed those right out the window! We all have the same good intentions or…
There will be times that as an Architect or Engineer you will have contract requirements for limits of liability that are higher than the current limits carried on your Professional Liability policy. The scenario; your client is requiring $2,000,000 per…
Do you operate unmanned aerial vehicles (UAVs/Drones in business? If the answer is yes you made need to purchase a separate liability policy. Your business owners or general liability policy that you have may have an exclusion for aircraft. If…
What is a retroactive date? It is the date set in a policy that shows when you started a policy with a carrier and have continuous Professional Liability policies. It eliminates coverage for claims produced by wrongful acts that took…