Architects and Engineers (A&E) Liability Coverage
Architects and engineers work in a detail-oriented industry where mistakes, errors or omissions can have serious consequences. If a client believes that you or your firm made a mistake that resulted in damages, they can sue your company. To protect against the costs of defending yourself in court or paying restitution, your firm should consider purchasing professional liability insurance for architects and engineers, commonly called A&E coverage.
If you need an A&E policy, we’re here to help. Call American Insurance to get started today.
What’s Covered by Architects and Engineers Insurance?
Although you may specialize in certain areas, you likely handle various projects and services, and you’ll want your policy to reflect that. Depending on your needs, you may want to consider these components when choosing a policy:
- Pollution liability that covers sudden, accidental and gradual pollution
- Specific coverage for breach of a client contract
- Full civil liability coverage—not just negligence
- Coverage for breach of intellectual property rights
- Reimbursement of costs incurred to help reduce or avoid a claim
- Punitive and exemplary damages coverage
- Virus and hacking liability coverage
How Does Architects and Engineers Coverage Work?
A professional liability policy will cover the cost of defending you or your company in court and any monetary damages awarded to the claimant (e.g., the client). These policies are known as “claims-made” policies. This means that coverage is triggered when a claim is filed, and you report it to the insurance company, since it is often hard to identify when the alleged error or omission initially occurred. Your work will be covered from the earliest date of your continuous professional liability coverage.
How to Get Architects and Engineers Coverage
If you need an A&E insurance policy, we’re here to help. Contact American Insurance today to get your free quote.