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Errors and Omisssions LiabilityArchitects and EngineersWhy buy A&E professional liability insurance? The majority of preferred owner-clients require their design professionals to provide evidence of professional liability insurance. Architects and engineers who already carry professional liability insurance from a stable and successful insurance company will give them an edge over their competition. More importantly, professional liability protects the architects and engineers. Unfortunately claims are an inherent part of the construction industry, but with the right insurance coverage, claims do not have to be devastating. Defending these claims, even an unfounded one, is both time-consuming and expensive. Architects and engineers who carry professional liability insurance will help to minimize the impact on their resources. Who should to buy A&E professional liability insurance?
Claim A lawsuit was filed against the insured, a construction and design company. The suit alleged deficiencies in the work the insured performed on a historic commercial building. As an historic building, renovations are required to adhere to strict guidelines. Deficiencies cited included the building’s siding, which had begun to bow, and incorrectly painted windowsills, which the plaintiffs maintain were supposed to be ordered in a specified color as a manufacturer provided finish, not painted. The case was settled during mediation. Click here to download an Architects & Engineers application and send your A&E submission to PLUS today! |
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