AZ Architects, Engineers, Construction Managers
Professional Liability: 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.
- Architects, Engs & Construction
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- General Liability Insurance For Business
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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.
Professional Liability: Engineers
Today, more than ever, the challenges facing Professional Engineers are many, including items like new developments in design technologies, broadening contractual requirements, and, on occasion, very unrealistic expectations from the clients themselves, to name just a few. As an engineer, you know that your firm will face many potential liabilities that can put the firm at considerable risk because of the type of services they perform for your clients. With each and every project you work on as an engineer, your firm plays a very important role in ensuring the functionality and with safety as the end result.
All Professional Engineers understand that every project they work on will carry risks and that one mistake or accident could be a cause for lengthy delay, potential safety problems, or a financial loss for your firm’s client. Also, with every project your firm works on, there are many other moving parts that are part of the project, and even if your firm has done nothing wrong with the project, there’s a better than even chance your firm will be dragged into the lawsuit, and legal bills can be quite expensive, especially if the claim is dragged on and on. By acquiring the right Professional Liability Policy, you will be taking an important step in protecting your company with an Arizona business insurance program should a lawsuit be filed against you.
We recommend that you sit down and discuss your insurance options with the professional brokers at PJO Insurance Brokerage.
Professional Liability: Construction Managers
Construction Manager’s Professional Liability Insurance coverage is designed to protect construction managers in the event a client alleges that you were professionally negligent, or failed to perform your professional duties, or in the case of the failure of your work, to perform as agreed upon in your contract. Just the cost of defending the claim could put your construction management services company out of business considering what the legal bills could be. As anyone in the construction business will tell you, mistakes can and will happen.
As a construction manager, you know that even a small mistake can result in serious consequences for your company. So no matter how skilled the professionals are at your firm, it is likely they will make an error at some point, and from that action, a lawsuit will almost be automatic. By taking the right first step by acquiring a Construction Manager’s Professional Liability Policy, you are protecting your firm from a potential lawsuit, which, if it resulted in a judgment against your firm, won’t put you out of business.
To discuss your options concerning Construction Manager’s Professional Liability Insurance coverage, call the experienced brokers at PJO Insurance Brokerage.