What is Architects & Engineers Professional Liability Insurance?
Architects and engineers have professional liability exposure on every project for which they provide services. They risk expensive lawsuits arising from on-site accidents or project cost overruns, regardless of actual liability.
Since there are many possibilities for coverage, we advise architects and engineers on what type, and how much, coverage is best suited for their needs. The options include:
Standard Practice: For traditional architectural and engineering firms, or any unusual hybrid or hard-to-place company.
Contractor’s Contingent: Protects a contractor from vicarious liability arising out of an error or omission on the part of the architect or design professional they hired.
Project Coverage:Â Stand-alone coverage for specific projects. Only the project is insured, with no restriction on size or type of project. This covers a single design firm, entire team, or selected members.
Design/Build Coverage: Includes Occurrence Commercial General Liability; Consultants Environmental Liability; Directors & Officers Liability; Engineers & Consultants Professional Liability; Pollution Protection Package; Umbrella Liability; and Workers’ Compensation.
Client-specific coverage available (covers all projects for a specific client)
Leased personnel included
Broad Supplemental ERP: three (3) years available
Unintentional breach of confidential/proprietary information coverage
Defendant reimbursement coverage
No asbestos exclusion
No pollution exclusion
Innocent principal coverage
Why it’s smart to have Architects & Engineers Professional Liability Insurance
A bank alleged that $3 million worth of design errors and omissions had been made during the construction of the bank’s new facility. They filed suit against the engineering firm, which stemmed from their consulting role on construction of a fountain. The claim was settled out of court.