Can an Engineer’s Emails Create Professional Liability Problems?
Worried a routine email could come back to haunt you in a professional liability claim? Here’s how project documentation actually gets used when a claim happens, and what habits reduce that risk.
A Client Wants You to Double Your Professional Liability Limit. What Are Your Options?
A client asks your architecture or engineering firm to increase its professional liability limit from $1 million to $2 million. Before changing your entire insurance program, review the contract, coverage duration, and available options. Here’s how to approach a higher project insurance requirement.
Starting a Solo Architecture Firm: When Should You Buy Professional Liability Insurance?
Short Answer There is no single revenue threshold at which every new architecture or engineering firm should buy professional liability insurance. The important point is when you begin providing professional services, because waiting until the business is generating substantial revenue can mean that you have already performed work that may later give rise to a […]
Why Two Engineering Firms With the Same Revenue Can Pay Very Different E&O Premiums
Two engineering firms can generate $2 million in annual revenue and still receive very different E&O premiums. Revenue matters, but insurers also evaluate the services performed, project risks, claims history, and overall underwriting profile. Here’s why similar financial results don’t always lead to similar professional liability pricing.
Why Did My A&E Professional Liability Premium Increase? Understanding Weighted Revenue
Weighted revenue can affect how an A&E professional liability policy is priced. Learn why your renewal premium may increase even when the underlying rate does not.
Can a Limitation of Liability Clause Affect Professional Liability Insurance Pricing?
A limitation of liability clause may affect how some carriers evaluate professional liability risk. Learn when contractual risk-management practices may influence pricing.
Why Your Professional Liability Application Matters at Renewal
Your professional liability application can affect how your firm is underwritten at renewal. Learn why accurate revenue, project, and claims information matters.
Does Revenue Growth Increase A&E E&O Premiums?
Revenue growth can affect an A&E E&O premium, but premiums don’t necessarily increase at the same rate as revenue. Learn what other underwriting factors can affect pricing.
What Are Weighted Revenues in A&E Professional Liability Insurance?
Weighted revenue can affect how an A&E professional liability policy is priced. Learn why the revenue figure used by underwriting may differ from your actual or projected revenue.
When Should a New Architecture or Engineering Firm Get Professional Liability Insurance?
A new architecture or engineering firm can have professional liability exposure before it has significant revenue. Learn when to consider coverage and what to review before starting professional services.