Professional Liability Insurance Policies For Architects
It doesn’t matter whether you are a small architectural firm or a large multinational firm with millions in billing, an architect’s work is constantly under a microscope. Most architects understand that no matter how careful and prudent they are in their work, they are constantly being scrutinized by their clients, leaving them with the chance of facing a lawsuit claiming negligence or failure to render professional services.
PJO Insurance Brokerage understands that regardless of how careful your firm is, there is always the potential of a mistake in the professional services your firm provides, and with the proper insurance coverage in place, your company will be prepared in the event that a lawsuit is filed against your firm. By acquiring a Professional Liability Insurance policy, your firm will have coverage in the event a claim is filed against you alleging a negligent act, error, or omission in the performance of your firm’s architectural services.
If your firm is looking to acquire Professional Liability Insurance coverage for the first time, or if you are looking at reviewing your existing coverage, the experienced brokers at PJO Insurance Brokerage have the expertise to help you put the proper insurance plan together for your firm’s particular insurance needs.
Professional Liability is quite different from Commercial General Liability insurance which covers bodily injury or property damage from accidents that could happen in the course of your daily business, and, in fact, these policies almost always exclude any type of professional liability coverage for this class of business. Professional Liability Insurance policies are designed as specialized and diverse as the variety of professional practices that are out there today. In determining a premium for Professional Liability Coverage, there are many variables to consider, such as what kind of projects the firm is doing, what the mixture is of residential, tract, multi-family, apartments, condominiums, commercial buildings, airports, or government work, claims history, if you need additional specialty coverage, and if your firm wants to include coverage for prior acts