Architects & Engineers Errors & Omission

Architects & Engineers Errors & Omission: Why you should have it:

Architects & Engineers Should Look Closely at Their Liability Protection.

There is a tendency in the insurance industry to offer niche liability policies, especially in the field of architects and engineers.

It is quite common to find specific policies, separately covering public liability, malpractice, errors and omissions liability and professional indemnity – each in a separate jacket, offered at more or less attractive prices.

It is only when an insured runs into a claim which falls into the gap between the various covers that the question of "Why?" arises.

It is herein suggested that individual architect or engineer should consider a newer approach to their insurance protection needs.

First, architects and engineers should see the difference between their Personal Liability and their Business Liability.

Second, they should better understand the scope of each coverage definition, and to realize the risk potential they may be left with, unless they purchase the proper cover.

Third, they should compare different covers offered to them according to the scope of coverage provided, and not according to the bulk amount they are required to pay for a specific policy.