Officially known as architects and engineers (A&E) insurance, this is a type of professional liability insurance that protects the liabilities of architects and engineers specifically. Why? These professions tend to possess unique sets of risks, such as structural designs that can lead to shifting or collapse in the case of architects and electrical problems and injuries in the case of engineers. A&E coverage is vital to your business to protect you not only from financial losses but your reputation and stability as a professional.
With such high expectations, it’s inevitable that there will be missed deadlines, mistakes made, misunderstandings that can have devastating consequences, and errors in designs. As if that weren’t enough, but you also have to follow laws such as the Americans with Disabilities Act (ADA) and the Occupational Safety and Health Acts (OSHA)—one violation can wipe out your business due to costly lawsuits.
Architect Insurance – be covered whether your fault or not…
Here at The Kerr Agency, we know exactly what you need to be covered in the event of a lawsuit – whether your fault or not. This type of policy is meant to defend and indemnify design professionals such as architects against claims of negligence of errors and omissions in how someone performs their job. Depending on the exact policy you sign up for, you may be covered for:
- Bodily injury and property damage
- Personal injury coverage including libel/slander protection for web content.
- Punitive damages
- Joint venture coverage
- Pollution and mold coverage as add-ons
- Litigation management
- Defense for administrative proceedings or investigations
- Cyber/Security Liability
- Project/Client Specific Coverage
Architect insurance is a must for anyone in this profession, not only to be adequately covered in the event an accident or design flaw occurs, but also to gain consideration for more desirable projects and contracts by higher-level clients such as municipalities. The Kerr Agency specializes in offering cost-effective, well-constructed architect insurance policies tailored to our architect and engineer clients based in Monmouth County, New Jersey, and beyond. It’s time you protected what’s yours through carefully crafted and customized insurance policies by trusted professionals.
Whether you’re a large architectural firm or you’re self-employed, there’s always the possibility you could be the target of litigation. Cam you afford to pay for a legal defense, reputation management services for damage control, and lost productivity in addition to any settlements or judgments? Having a well-rounded policy in place BEFORE this type of event happens is in your best interests.
To learn more about coverage for architect insurance policies, contact The Kerr Agency today at 732-383-5865. We would be happy to connect you with a member of our executive team who will give you detailed advice in choosing the best possible architect insurance coverage for your needs.