The AIA Trust has assembled resources to help you to better understand what to look for in your professional liability insurance coverage.
Underwriters and actuaries assess various factors to assess your firm’s potential risk, including your firm’s size, billings, location, clients, and project types. A Victor study identifies these factors to provide you with key information when applying for professional liability insurance. View the report
To find out what an ACORD Certificate is and how it is used, read this summary
Many risks can jeopardize the future of your practice, your firm, and your financial well-being. This detailed article will help to familiarize you with the necessary considerations and alternatives when selecting business and professional liability insurance for your firm. Read the report.
Each year, the AIA Trust & AIA participate in surveying professional liability insurance (PLI) carriers to gather information regarding their policies, services, and related trends. The last survey was conducted in 2019; see the chart of the most recent survey results. The 2021 survey will be available later this year. This information can help you to better understand how carriers address the risk management needs of design professionals and how to evaluate and compare various carriers effectively. Be sure to check out the professional liability insurance database for more information.
The last thing you need to worry about is whether your professional liability insurance is adequate. Read important tips for finding the appropriate broker and insurer for your practice.
This Q & A will provide useful answers to important questions.