We understand the effort you put into going over every detail in your work for your clients. Our Professional Liability team specializes in protecting the assets and reputation of Architects, Engineers and Survey Firms of any size with Professional Liability insurance.
We work hard with Architect, Engineering and Survey Firms to be sure they have the correct Professional Liability (also known as Errors & Omissions) for their business. As a professional in this industry, Professional Liability is one of the most important insurance policies you will purchase because of the considerable financial risk you face as a result of the type and quality of services you deliver to clients. In fact, the risk of a lawsuit from a client is consistently on the rise in these industries due to a number of issues: broader contractual requirements, new developments in design technologies, increased emphasis on sustainability, and increased expectations of clients, just to name a few.
When properly designed, Professional Liability coverage will protect your assets and financial stability if you are ever involved in a lawsuit from a client that claims financial injury due to failure (or perceived failure) to correctly perform a service. The policy will pay for lawsuit-related costs, even if the suit turns out to be without merit. It also serves to help protect the reputation you worked so hard to obtain.
We will work with our insurers to design a policy to include coverage specific to your needs, depending on the needs of your firm provided coverage could include:
Our team comes with deep expertise and will discuss with you the limits you should carry, your deductibles and how coverage is triggered. We believe it is important to understand how your policy will respond.
At WalkerHughes, we also do our best to improve your risk profile so that you remain attractive to insurers and you get the most out of your premium dollars. This involves client contract reviews, hosting a loss prevention program, placing a project insurance policy for your firm, and assisting with loss control and claim matters.
For large construction projects that require greater control over total construction costs and improved overall project safety, WalkerHughes can provide our expertise in wrap-ups with an Owner Controlled Insurance Program (OCIP) or a Contractor Controlled Insurance Program (CCIP).