Professional Liability Insurance For Architects And Engineers
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Architect Liability Insurance
... : Professional Liability insurance is not mandated in many states, however federal law often makes it compulsory for any architect or engineer who wants to work on a government contract. Most companies and individuals ...
read moreAll you need to know about becoming a licensed architect
... will not only place a financial burden on you and your practice but could end up damaging your reputation as well. Architect's professional liability insurance is an integral element of the profession that protects ...
read moreWhat Architecture Degrees are Available in the United States?
... of your architectural niche, you may want to consider Professional Liability insurance for architects to help protect you on the job. Also known as Errors and Omissions (E&O) insurance , this type of policy protects your ...
read moreCustomer Spotlight – Kevin R. Barnes Architecture
... . Finally, what motivated you to choose BizInsure for your business insurance? The simplicity and ease of having BizInsure handling my Professional Liability Insurance needs allows me to concentrate what I know how to do ...
read moreSteps To Starting Your Own Architecture Firm
... application fee and license renewal fees vary based on the location of the architecture firm. Architect Professional liability insurance Architects professional liability insurance is a professional insurance cover for ...
read moreWhy do architects need Professional Liability Insurance?
... to pay for the damages incurred, potentially have your professional license removed, and be sent out of business. As an architect having Professional Liability insurance in place is a wise investment to safeguarding your ...
read moreWhy Not Protect Your Stamp with Professional Liability for Architects?
... need to acquire Professional Liability Insurance for Architects which is basically malpractice insurance for architects and designers. Why do I need a professional liability policy? Architects are well-trained, licensed ...
read moreProfessional Liability Insurance: What Would You Pay to Protect Your Architectural License?
... new projects as well. Of course, you may not be thrilled at the idea of purchasing Architects Professional Liability Insurance and having yet another business expense but you really have to look at the big picture. Keep ...
read moreAll You Need to Know about Professional Liability Insurance for Architects
... Professional Liability Insurance does for Architects, how it works and what such a policy will cost. What exactly is Professional (E&O) Liability Insurance for Architects? Professional Liability Insurance for Architects ...
read moreArchitect Liability Insurance
... lies in the protection of Professional Liability insurance . Bizinsure's architecture coverage is applicable for a range of professions including: Architects Agency construction managers Project managers Landscape ...
read more15 Expert Tips to Start Your Own Architect Business
... hardware and software, architect liability insurance : ... professional services to create your brand, but when you think about it, who knows your company best - it’s you. As an architect you are already a designer and ...
read more7 reasons why architects insurance is important
... caused by the firm working as a subcontractor. 6. Architect liability insurance attracts clients Professional Liability and General Liability insurance policies provide important protections for your business, but they ...
read moreHow to Become an Architect: What You Need to Know
... go according to plan, having insurance in place can help protect your business and cover the costs associated with injuries or damage. Learn more about business insurance for architects . Visit BizInsure today to quote ...
read moreHow Do Top Architecture Firms Deal with Clients?
... . They may not know the difference between a portico and a porte-cochere, or even what you mean when you ... come as close as possible). Professional Liability insurance for architects Dealing with clients is an important ...
read moreHow to Effectively Promote an Architecture Business 7 Different Ways
... . Professional Liability for architects is one insurance product you might consider to safeguard your growing business. A Professional Liability insurance policy (also known as Errors and Omissions or E&O insurance ...
read moreWhat you need to know about the cost of engineer Professional Liability Insurance
... when a situation calls for it. One of those expenses is your business insurance policies, and more specifically an engineer Professional Liability policy. This is undoubtedly one of the most critical policies to have for ...
read moreDo You Have Engineer Professional Liability Insurance? Here Is Why You Should
... a co-defendant on such a lawsuit. A Professional Liability insurance policy for engineers (also called Errors & Omissions insurance ) protects your business and your personal assets from the financial consequences of a ...
read moreProfessional Liability Insurance
... them to suffer some sort of financial damage. Professional Liability insurance may also be sold as Errors and Omissions (E&O) insurance or medical malpractice insurance, depending on the industry that specific policies ...
read moreWhat does Professional Liability insurance cover?
... consider purchasing professional liability insurance are as follows: Architects, designers, and engineers Real estate brokers Financial consultants Accountants and bookkeepers IT professionals and programmers Marketing ...
read moreWhy do Architects and Engineers need Professional Liability Insurance?
... arises as to whether Professional Liability insurance and Errors and Omissions (E&O) insurance are the same thing. For architects or engineers , Professional Liability insurance and E&O insurance are effectively the same ...
read moreProfessional Liability Insurance – new
... , such as: Accountant Consultant Engineer And many more Click here for Professional Liability Insurance FAQs What does Professional Liability insurance cover? Professional Liability insurance can protect your business ...
read moreWho Needs Professional Liability Insurance?
... getting personal liability insurance. Just some of the professionals who may need this coverage are as follows: Accountants and auditors Consultants Architects Designers Engineers Insurance professionals Builders Real ...
read moreProfessional Liability Insurance Florida
... Insurance are: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors How much does Professional Liability Insurance cost A professional ...
read moreProfessional Liability Insurance Maryland
... professions that should consider Professional Liability insurance include: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors How ...
read moreProfessional Liability Insurance California
... not). Professions that may need Professional Liability insurance are: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors As you can ...
read moreProfessional Liability Insurance Texas
... that may need Professional Liability insurance in Texas include, but are not limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreDoes a sole proprietor need Professional Liability Insurance?
... and occupations, from architects to yoga instructors. How Professional Liability insurance ... engineers, and consultants . However, there is a wide range of professionals who might need Professional Liability insurance ...
read moreProfessional Liability Insurance in Kentucky
... ). Professions which may require Professional Liability insurance include: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors As you ...
read moreRhode Island Professional Liability insurance
... professions may consider Professional Liability insurance in Rhode Island. Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors ...
read moreProfessional Liability Insurance in New York
... professional services. New York professionals may need insurance for liability. The professions covered by this insurance include, but are not limited: Architects Notary Publics Consultants Personal Trainers Engineers ...
read morePennsylvania Professional Liability insurance
... may consider Professional Liability insurance in Pennsylvania include but aren’t limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreOhio Professional Liability insurance
... Professional Liability insurance? Professional Liability insurance applies to individuals and businesses that offer professional services. It may be helpful for specific professions, such as but not the least: Architects ...
read moreWyoming Professional Liability insurance
... not). Professions that could require Professional Liability insurance are: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors It is ...
read moreWisconsin Professional Liability insurance
... not). The following professions might need Professional Liability insurance: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors It is ...
read moreWest Virginia Professional Liability insurance
... not). Professions that may need Professional Liability insurance include: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors As you ...
read moreVermont Professional Liability insurance
... The following professions may consider Professional Liability insurance: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors You can ...
read moreWashington Professional Liability insurance
... ). The following professions may require Professional Liability insurance: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors As you ...
read moreVirginia Professional Liability insurance
... ). The following professions may need Professional Liability insurance: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors As you are ...
read moreUtah Professional Liability insurance
... not). Professions that could require Professional Liability insurance are: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors As you ...
read moreTennessee Professional Liability insurance
... not). Professions that could require Professional Liability insurance are: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors You can ...
read moreSouth Dakota Professional Liability insurance
... ). Professions that may consider Professional Liability insurance include: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors It is ...
read moreSouth Carolina Professional Liability insurance
... not). The following professions could need Professional Liability insurance: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors It is ...
read moreOregon Professional Liability insurance
... professionals may need Professional Liability insurance. These professions include but are not limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and ...
read moreOklahoma Professional Liability insurance
... may consider Professional Liability insurance for certain professions, such as but not limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses ...
read moreNorth Dakota Professional Liability insurance
... may require Professional Liability insurance in North Dakota include but aren’t limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreNew Jersey Professional Liability insurance
... types of professions who may require Professional Liability insurance: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors Take the ...
read moreNew Mexico Professional Liability insurance
... like the ones below may consider Professional Liability insurance. Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors There are many ...
read moreNew Hampshire Professional Liability insurance
... that require Professional Liability insurance in New Hampshire include but aren’t limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreNevada Professional Liability insurance
... , but are not limited: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors Professional Liability insurance may benefit a wide range ...
read moreNebaraska Professional Liability insurance
... may consider Professional Liability insurance: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors Professional Liability insurance is ...
read moreMontana Professional Liability insurance
... Montana professionals may need Professional Liability insurance and this is an example list of some of the type of professions who may require it: Architects Notary Publics Consultants Personal Trainers Engineers Pilates ...
read moreProfessional Liability Insurance Indiana
... that require Professional Liability insurance in Indiana include but aren’t restricted to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreMississippi Professional Liability insurance
... a Professional Liability policy. This includes: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors Professional Liability policy ...
read moreProfessional Liability Insurance Minnesota
... Professional Liability insurance. The professions covered by this insurance include, but are not limited: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and ...
read moreProfessional Liability Insurance Michigan
... professional insurance for liability. The professions covered by this insurance include, but are not limited: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and ...
read moreProfessional Liability Insurance Maine
... . These professions may consider Professional Liability insurance in Maine: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors As you ...
read moreProfessional Liability Insurance in Kansas
... following professions may consider Professional Liability insurance in Kansas: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga Instructors As ...
read moreProfessional Liability Insurance Iowa
... businesses and individuals who provide professional services. Iowa Professional Liability insurance may be required for the following occupations: Architects Notary Publics Consultants Personal Trainers Engineers Pilates ...
read moreProfessional Liability Insurance Illinois
... other people. Professional Liability insurance is a requirement for the following professions: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreProfessional Liability Insurance Idaho
... professionals might require Professional Liability insurance. These professions include but aren’t limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and ...
read moreProfessional Liability Insurance Delaware
... . Delaware Professional Liability insurance may be required for the following occupations: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreProfessional Liability Insurance Georgia
... need Professional Liability insurance. The professions covered by this insurance include, but are not limited: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and ...
read moreProfessional Liability Insurance Colorado
... . Colorado Professional Liability insurance is often considered by the following occupations: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreProfessional Liability Insurance Connecticut
... your business and reputation professionally by buying Professional Liability insurance will ensure that ... Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and ...
read moreProfessional Liability Insurance Arizona
... that may require Professional Liability insurance in Arizona include but aren’t limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreProfessional Liability Insurance Arkansas
... professionals may need Professional Liability insurance. These professions include but aren’t limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and ...
read moreProfessional Liability Insurance Alabama
... businesses might need Professional Liability insurance for specific professions, such as: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreProfessional Liability Insurance Alaska
... that may consider Professional Liability insurance in Alaska include but aren’t limited to: Architects Notary Publics Consultants Personal Trainers Engineers Pilates Instructors Home Care Providers and Businesses Yoga ...
read moreProfessional Liability Insurance test
... to have Professional Liability insurance. However, a policy may be a wise investment for many types of businesses. Professional Liability policies are often purchased by architects, contractors, engineers, home health ...
read moreWhat's the difference between Professional Liability and Errors and Omissions Insurance?
... &O coverage and Malpractice insurance: Real Estate Agents IT professionals Medical professionals Lawyers Other occupations that typically consider a Professional Liability policy include: Consultants Engineers Architects ...
read moreArchitect Professional Liability Insurance Texas
... BizInsure, you can find more than just Professional Liability/Errors and Omissions insurance. You can also compare quotes and buy other important forms of architect insurance for Texas businesses at the same time! Other ...
read moreWhat is Professional Liability insurance and why you need it for your Florida business?
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read more5 Questions Professionals Should Ask About Professional Liability Insurance
... behalf, you may want to consider a Professional Liability policy. Occupations that typically buy these policies include: Accountants Architects Consultants Engineers Home Health Providers Legal Services Personal Trainers ...
read moreHow much does Professional Liability Insurance cost?
... 's a breakdown of professional liability insurance cost by industry: How Policy Limit Impact The Cost Of E&O Insurance Looking at the graph above, you will notice that Engineering, Architecture and Surveying industries ...
read more5 things engineers should know about professional liability insurance
... . 5. Where can I find Professional Liability and other engineering insurance? There are many insurers who provide Professional Liability and other engineering insurance to engineers across the country. However, comparing ...
read moreGeneral Liability vs Professional Liability Insurance: What's the Difference?
... two that are commonly purchased by many professions and industries: General Liability insurance and Professional Liability insurance. General and Professional Liability Insurance: Two ways to protect your business There ...
read more9 Financial Tips For Architects and Engineers
... . Architect and engineer insurance covers different risks you may face while doing your job. There are different types of coverage to consider that help shield your finances and professional reputation against claims and ...
read moreWhat is Malpractice Insurance (aka Professional Liability Insurance) for nurses?
... patients and their improving their wellbeing. Do nurses need their individual Malpractice Insurance? While employers may provide some form of Professional Liability coverage , Malpractice Insurance provides additional ...
read moreHow much does Professional Liability Insurance cost for consultants
... to calculating the cost of a Professional Liability insurance policy , a variety of factors are taken into consideration. Some of the main factors include: The type of consulting work: Malpractice claims can pose more of ...
read moreHow Will Your Texas Business Benefit from Professional Liability Insurance?
... every Texas Professional Liability Insurance policy including the following conditions that are not covered: Illegal acts Intentional malpractice Property damage Known claims and circumstances Fraud and dishonesty Bodily ...
read moreCalifornia Professional Liability Insurance Keeps Your Business Moving Forward
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read moreThe Benefits of Professional Liability Insurance for Small Businesses
... protect a wide range of small businesses Professional Liability insurance can help protect many types of small businesses. From accountants and engineers to personal trainers and home health aides, a policy can cover ...
read moreProfessional Liability Insurance – ESP
... small businesses spend around $767 per year for Professional Liability insurance. This includes all industries and varying policy limits. However, Professional Liability insurance costs less than $600 per year for more ...
read moreWhat is Professional Liability Insurance for personal trainers
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read moreWhat is Professional Liability insurance for consultants?
... have spent many hard-working hours of education and experience to achieve. That is why Professional Liability insurance (also known as Errors and Omission (E&O) insurance ) is vital for consultants, providing protection ...
read moreHow Important is Professional Liability Insurance for Consultants?
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read moreProfessional Liability Insurance for Health and Safety Consultants
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read moreProfessional Liability Insurance For Educational Consultants
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read moreConsumer Demands and Professional Liability Insurance Go Hand in Hand
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read moreDo Teachers and Education Professionals need Professional Liability Insurance?
... ' Professional Liability insurance and General Liability insurance to protect themselves at work. 1. Professional Liability insurance Professional Liability insurance for teachers and education professionals protects ...
read moreAll you wanted to know about Engineer's Professional Liability insurance
... not, a Professional Liability policy for engineers is your answer. How much does engineer professional liability insurance cost? We can’t discuss the ins and outs of the Engineer Professional Liability insurance without ...
read more8 Reasons You Should Have Professional Liability Insurance
... be an essential part of this protection. What is Professional Liability insurance? A Professional Liability insurance policy (also known as Errors and Omissions or E&O insurance ) is an essential policy that protects you ...
read moreProfessional Liability Insurance Choices for Small Businesses
... . One of the things that a lot of people get confused about is what is covered by General, Professional and Cyber Liability insurance. Professional Liability can be a stand-alone coverage or part of a broader Cyber ...
read moreWhat is Professional Liability Insurance for Personal Trainers?
... has gone wrong. What is the difference between General Liability and Professional Liability insurance? Differentiating between General Liability and Professional Liability insurance coverages is essential. It’s a common ...
read moreHow Liability Insurance Can Benefit Nutritionists
... What Is Professional Liability Insurance? While we'll refer to it as Professional Liability insurance, this type of coverage is also known as Professional Indemnity Insurance (PII) and Errors and Omissions (E&O) and are ...
read moreWhat Will I Pay for Physical Therapists Liability Insurance?
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read moreReviews related to Professional Liability Insurance For Architects And Engineers
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Bee Her has been extremely helpful in assisting with my professional liability insurance needs.
Kirsti
Freight Forwarder -
Josh was excellent in providing quick service for my immediate needs. He researched and provided the quote quickly. I will pass bizinsure's good name to others searching for professional liability insurance!
Ivy
Business Consultant -
The woman I originally spoke with was extremely helpful in getting me a quote for Professional Liability Insurance. She really took the time to understand my business and to determine what policy would be best for me to apply for.
Kati
Business Consultant
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Insurance designed to protect your Architects business
BizInsure lets you get quotes and buy insurance online in minutes to protect your business from accidents, injuries, legal fees and damaged vehicles. Our insurance packages typically include:
- General liability
- Professional liability (E&O)
- Workers compensation
- Business Owner’s Policy (BOP)
Choose the Cover that Suits Your Business
With BizInsure you can choose to pay for your insurance monthly or annually and you can also choose buy your insurance online or over the phone.
- Professional Liability
- Per occurrence $500,000
- General Liability
- Per occurrence $1,000,000
- Workers Compensation
- Per accident $100,000
- Commercial Property
- Per occurrence $25,000
- Professional Liability
- Per occurrence $2,000,000
- General Liability
- Per occurrence $3,000,000
- Workers Compensation
- Per accident $1,000,000
- Commercial Property
- Per occurrence $25,000
Professional Liability insurance
Also referred to as E&O insurance Professional Liability insurance covers claims made by a third-party alleging that they suffered financial harm due to the advice or services your business provided.
Your Professional Liability insurance coverage will often extend beyond a project’s completion, to cover issues that may appear after your work is finished.
Professional Liability can cover:
- Legal expenses
- Claims made by a third-party
General Liability
This type of policy can protect you against third-party claims regarding injury or damage to their property. Your policy will cover the legal expenses and cost to replace or remedy the situation up to the limits of liability in these instances.
General Liability can cover:
- Legal expenses
- Cost to replace or remedy the situation
Business Owner’s Policy
This is a combination of policies, that help protect small businesses from costly interruptions to service.
A BOP commonly combines:
- General Liability insurance and business personal property coverage into one convenient policy.
Workers’ Compensation
These policies shield your business against medical expenses and lawsuits resulting from employee workplace injuries and serious illnesses.
Workers’ Compensation insurance typically also pays:
- Lost wages as a result of the employee’s work injuries.
- Medical expenses resulting from employee workplace injuries.
How much does architect insurance cost?
Every architect and architecture firm are different. What you could pay for Professional Liability/Errors and Omissions insurance will vary based on factors, such as:
- Your location
- Size of business
- Amount of coverage needed
- Your risk management procedures
- Claims history
The most reliable way to learn how much a Professional Liability/Errors and Omissions insurance policy that meets your needs will cost is to compare quotes from multiple insurers.
When is Architect Insurance required?
If your business involves building or designing buildings, your business faces risks around your advice, injury at work sites as well as damage to buildings and property. Â Here are 4 reasons you may want to consider insurance for your business:
- Professional Liability insurance is not mandated in many states, however federal law often makes it compulsory for any architect or engineer who wants to work on a government contract.
- Most companies and individuals putting contracts for design out to tender will demand that those they are working with have Professional Liability insurance.
- Whilst Professional Liability insurance many not mandated in many states – Workers Compensation is generally required.
- If you own your premises you will want to ensure your premises are protected against an unforeseen event
Frequently asked questions about architect business insurance
Here are some of the most common questions we get about business insurance for architects.
What does architects insurance cover?
Professional Liability or Errors and Omissions insurance for architects covers a range of liability claims, including:
- Errors and Mistakes
- Omissions
- Undelivered services
- Missed deadlines
- Negligence
- Breach of contract
This form of coverage is an important way for architects to help protect themselves professionally. Professional Liability/Errors and Omissions insurance pays for the legal costs associated with an above claim, up to the limits of liability, so you’re not left to pay them from your own financial accounts.
Why do architect firms need business insurance?
Architecture firms often take out different types of business insurance, including Professional Liability (also known as Errors and Omissions) insurance, to help protect themselves and their employees.
Architects regularly use their expert knowledge and skill to give clients advice that is used to make important decisions. If this advice results in a financial loss for a client, the firm itself could be found responsible. A firm may decide that Professional Liability insurance is necessary to cover their architects as they carry out work for the firm.
Architecture firms may also take out other forms of business insurance to help shield them against common risks to their business. This may include Workers’ Compensation, General Liability, or a Business Owner’s Policy. These coverages can protect against events such as workplace injuries, damage to client property, and business interruption, along with many others.
What type of business insurance do architects need?
Professional Liability or Errors and Omissions insurance is just one type of policy that architects commonly consider. Other forms of coverage may be necessary to help fully shield you from on-the-job risks that architects often face.
Other types of insurance that architects consider include:
General Liability – This type of policy can protect you against third-party claims regarding injury or damage to their property. Your policy will cover the legal expenses and cost to replace or remedy the situation up to the limits of liability in these instances.
Business Owner’s Policy – This is a combination of policies, that help protect small businesses from costly interruptions to service. A BOP commonly combines General Liability insurance and business personal property coverage into one convenient policy.
Workers’ Compensation – These policies shield your business against medical expenses and lawsuits resulting from employee workplace injuries and serious illnesses. Workers’ Compensation insurance typically also pays lost wages as a result of the employee’s work injuries.