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4/17/2019

3 Comments

Why Architects and Engineers Need Errors and Omissions Insurance

 
Picture
A Professional Liability Update
Architects and engineers have unique exposures.  If they don’t perform to a set of standards they are at risk of being sued and have the possibility of loss of reputation. This is where Architects and Engineers (A&E) errors and omission insurance can help.
A&E Insurance covers liability for alleged or actual damages that result from the performance of professional services.  All design professionals including residential and commercial architects, design/build architects, engineers, landscape designers, and specialty construction consultants, should consider professional liability insurance.

Here are a few actual claims
An architect firm was hired to design an HVAC system in a school.  The design was discovered to have a flaw that caused exhaust to be brought back into the building.  The resulting damages and legal fees totaled over $1,500,000.

An A&E firm designed a 55-unit apartment complex. Three months after completion there was water damage to 25 units totaling $90,000.  It was determined the A&E firm’s window frame design was incorrect and the firm was held responsible for all damages. The A&E firm incurred over $110,000 of expenses in replacing windows and related damage.

There are things A&E firms can do to minimize risks including:
  • Communicate all change orders in writing.
  • Use AIA forms whenever possible.
  • Meet with your client regularly.
  • Recognize the warning signs of a lawsuit; no communication, work stops, or the clients are making accusations.
  • Educate your team.
  • If you see an unsafe condition at the work site, report it.

​As an Independent Insurance Agency we represent many insurance companies to fit your businesses dynamic needs.  Whether you're a new business or a small business, we can help. Being an Independent Agent means we are not only your agent, but we are your insurance broker as well.  We understand every business and industry is unique, so we will work with you to find the best business insurance coverage at the lowest rate. Contact us today for a free quote.
 
3 Comments
Kate Welling link
12/30/2019 11:21:53 am

It makes sense why architects and engineers need this insurance. It would be great to get some if I had this type of business. Insurance is great to protect you and others.

Reply
Mesasurveyor.com link
2/23/2022 10:53:53 pm

Understandable. Always make sure your client knows what services they are getting and what you will not be able to provide them.

Reply
Ryan Anderson link
3/17/2022 11:29:34 pm

All design professionals including residential and commercial architects, design/build architects, engineers, landscape designers, and specialty construction consultants, should consider professional liability insurance.

Reply



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