Architects’ & Engineers’ (A&E) Insurance is a specific variation of Errors & Omissions (or Professional Liability) Insurance designed specifically for architects, engineers, and other “design professionals.”
A&E Insurance covers liability for damages that result from the performance of professional services, including errors (something you did), omissions (something you didn’t do), and acts of negligence. Think of it as “malpractice insurance” for design professionals. A&E Insurance policies are customized to meet the specific needs of these professions.
Policies cover financial losses and expenses (including legal fees) that result from a claim. Some policies also protect against slander, libel, and breach of contract.
What Architects And Engineers Insurance Is Not
A&E Insurance differs from other types of commercial liability insurance like Commercial General Liability, Employment Practices Liability, and Directors’ & Officers’ Insurance. It is a very specific form of insurance that covers any losses that might result to others from the exercise of your professional judgment.
Who Needs Architects And Engineers Insurance?
Any design professional (residential and commercial architects, design/build architects, civil engineers, landscape engineers, surveyors, and specialty construction consultants, to name a few) should be covered by professional liability insurance. With lawsuits on the rise, liability coverage is especially important, as it typically covers baseless claims as well as legitimate ones. Both types can be very expensive.
Policies are available for individual practitioners as well as for entire firms.
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CLAIMS IN THE LAST 5 YEARS? That’s ok, we have carriers that will provide coverage if you have some claim activity, please also provide the currently valued 5 loss runs. (you will have to get these from your prior carriers/agents)