ARCHITECTS & ENGINEERS PROFESSIONAL LIABILITY INSURANCE

The design and build concept of construction contracts is an important development in the field of building construction. This team approach utilizes the expertise of architects and contractors under the management of a construction firm to design and construct projects.  Professional liability insurance is needed to defend and indemnify the design professional against claims alleging negligent acts, errors or omissions in the performance of professional services.  Wrongful acts are not limited to defects in plans and specifications.  Coverage is usually extended broadly to encompass most professional services rendered by Architects and Engineering firms.

Why should you buy it?

Legal liability exposures represent the greatest threat to the financial health of a design firm.  New forms of legal responsibility have been created by innovative plaintiff lawyers seeking financial remedies for their clients who have suffered an unanticipated financial loss.  In addition, governmental agencies have expanded the current rules and regulations to include new responsibilities for owners and officers of design firms thereby creating new exposures to legal liability and resulting financial loss.

You do not have to commit a wrongful act to get sued. A&E professional liability insurance pays for the defense of a claim, even if it is false and/or groundless, thus protecting your practice from the high cost of a sound legal defense.  In addition, it protects you and the owner-client interests by paying claims that are inherent to the construction industry.