There are many terms in the policy to review. Here are some terms that are important to review and understand in your firm’s policy. Limits of liability are the limits…
The timely delivery of professional services is crucial for all clients on all projects. When a project’s timeline is extended, a specific category of damages comes into play, delay damages. …
Keeping up with maintaining your home can be challenging. But often, proactive attention to some key areas around your home can help you in the event of a claim, or…
Are you Ready for Thunderstorms? Thunderstorms are one of the most common weather events. They’re also some of the most damaging, and these storms are getting more powerful each year. …
The dos and don’ts of professional liability claims for architects/engineers- If your architecture/engineering firm receives a claim it can be stressful. There are some things to be aware of when…
Annual Billings Section The annual billings section of the renewal application is an important piece of information for the insurance companies to determine your renewal premium. If your firm has…
Researching professional liability insurance companies for architects/engineers. The markets for professional liability are abundant in the marketplace. That doesn’t always mean that they are good policies and it’s good to…
While umbrella policies are not as common for an architecture or engineering firm to have, they are available. Typically, the umbrella policy will be with the same insurance company as…
Floods can happen anywhere — just one inch of floodwater can cause up to $25,000 in damage. Most homeowners insurance does not cover flood damage. Flood insurance is a separate…
The Insurance Information Institute issued tips for the cost-conscious rider, like finding the right motorcycle insurance for you and your bike. Click HERE for full article. Choosing the right insurance is…
Risk management tools available for architect and engineering firms- Insurance policies are a part of a risk management program for design firms. However, there are additional risk management tools available…
Reporting a Potential Claim It is very important to report a potential claim or situation to your professional liability carrier as soon as you receive notice. Notice can be a…