Anyone working in architectural design and/or construction knows how important having an architect professional liability insurance policy can be. Neglecting such coverage leaves you exposed to any number of unique liability claims. Yet almost as important has having the coverage itself is choosing the right insurance provider. All of the coverage in the world won’t do you any good if you’re working with agent that can’t protect you.
What to Look For
When it comes to choosing the right kind of insurance provider, you want to focus your research on these key areas:
- Reputation: Don’t rely simply on what an insurance agent tells you about the service his or her company offers. Look into the ratings it’s been given by the various independent insurance rating organizations. Don’t settle for a company with anything less than an A- rating from consumer advocacy groups such as A.M. Best.
- Services: Ask whether or not a company specializes in professional liability coverage, or if such coverage is simply a side offering to a larger insurance package. Architect professional liability insurance claims can often present unique challenges to a provider, and without experience in handling such cases, an agent may not be prepared to respond to a claimant.
- Size: A good of thumb to go by when choosing an insurer is that the larger the company is, the more resources they have to put into your protection.
Choosing the right provider for your architect professional liability insurance is the first and most important step to be made in process of ensuring your protection from liability claims. Doing your due diligence in researching your various provider options now often means that you won’t have to deal with the stress of liability complaints in the future.