If you are looking for architects liability insurance, there is no reason not to settle for the most complete and optimal coverage available. Here are some specific options that a good insurance policy should offer:
Errors and Omissions Coverage
If you are in the architect business, there is always a possibility that an error or even a miscommunication you make in a document could lead to financial loss for your client. While you may be doing the utmost to avoid such situations, mistakes do happen, so the most prudent choice is to have something to fall back on if you end up being liable for one of these issues.
Prior Acts Coverage
Suppose you are planning to acquire another firm. In order to avoid having to deal with any liability issues they would be passing on to you, the best safeguard is some form of prior acts coverage. This kind of coverage also extends even after having ended an operation, so previous issues don’t come back to bite. Keeping your savings safe into retirement will not be a problem with this kind of coverage.
Choose a Personalized, Attentive Provider
When you contact an architects liability insurance professional, they should be able to offer you a comprehensive insurance portfolio and business operations review. This way, you can get the best deal and the most complete coverage.
Follow these tips and you’ll be prepared for even the most unexpected situations.