Professional Liability: the Basics

Being in the architectural industry involves having specific exposures and needing specialty insurance policies. Most architects and engineers will end up needing more than in-home business coverage. Learn why architects and engineers professional liability is something you should consider getting.

Why Professional Liability?

There are various types of liability insurance. Maybe you have general liability or property liability, for example. All forms of liability insurance are designed to protect you when claims are brought against you and your business. Professional liability is unique in that it provides protection when you are getting sued for an error or omission.

What Does It Cover, Exactly?

Professional liability insurance covers specific exposures. Its main function is to give you protection when you fail to provide a service, which causes a client financial injury. Here are some optional attributes of architects and engineers professional liability:

  • Personal injury
  • Pollution
  • Negligence
  • Defects in structure
  • Property damage
  • Bodily injury
  • Independent contractor coverage

Be Prepared

As careful and professional as you may be, there will most likely be times where you, your employees, or your independent contractors make mistakes. Being prepared for this is key to mitigating your risks. When somebody files a claim against you, you want to be able to keep your losses at a minimum. Consider getting professional liability insurance today.

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