Fall 2020 Back to School Checklist Returning to school this fall certainly will be different due to COVID-19. Whether we plan to attend for face-to-face instruction, have online classes or a hybrid of the the two necessary safety measures need…
The Importance of Definitions in Professional Liability Policies for Architects/Engineers When reading your Professional Liability policy you may think that the definitions are not all that important. They are indeed very important, the definitions are the highlighted words throughout the…
Signing and Sealing Instruments of Service Prepared by Another Design Professional In some instances, design professionals are asked to review and place their seal and signature on instruments of service prepared by others. There are no standard contracts for such…
Key factors to remember for Extended Reporting Periods (ERP) for Design Professionals First it is important to understand what an extended reporting period it. It is an extended period of time to report claims on your firm’s Professional Liability policy…
Time Is of the Essence Clause A Time Is of the Essence Clause (TOE) is language contained in a contract that specifies that a certain time or date is important. In effect, a time is of the essence clause is saying, “the times…
What claims information should be provided for an architect/engineers Professional Liability renewal? No matter the size of the claim the more information provided the better for the insurance companies to evaluate the claim in determining a renewal quote. The most…
Directors & Officers (D&O) Liability Insurance Directors & Officers (D&O) Liability insurance helps cover defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organization’s board of directors and/or officers. These types…
Can my architecture/engineering firm get a project policy for just one project? This question can get complicated because there are many different answers and it really depends on what is being asked. Below is a list of responses it may…
Asbestos Risks During Design Phase Most professional service agreements assume that the site for a project is “clean” and that no risks from an environmental hazard such as asbestos will affect the project or the design professional’s delivery of services….
What is the first dollar deductible for architects/engineers on a Professional Liability policy? The first dollar deductible option may be available to specific firms that meet the insurance company requirements. It is good to understand what the first dollar deductible…