answersLogoWhite

0


Best Answer

Professional liability insurance protects the architect or engineer against claims for damages caused by the firm's negligent acts, errors or omissions in the performance of his or her profession. The policy covers claims for bodily injury, property damage or economic losses. The policy provides a defense for the design firm against allegations of negligence, and it will pay for any damages that might be awarded as well.

User Avatar

Wiki User

โˆ™ 2014-01-16 06:18:16
This answer is:
๐Ÿฆƒ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides

Nutrition

22 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

โžก๏ธ
See all cards

Insurance

22 cards

What is recreational activity

How do you make smiley faces

What is the approximate cost of raising a child for eighteen years

Which nations were the world's leading exporting nations during the mid-1990s

โžก๏ธ
See all cards

Nutrition

23 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

โžก๏ธ
See all cards

Add your answer:

Earn +20 pts
Q: What does professional liability insurance cover for architects and engineers?
Write your answer...
Submit
Related questions

What has the author Donald L Anglehart written?

Donald L. Anglehart has written: 'The architect/engineer's role under Superfund, and Selecting a professional liability insurance policy' -- subject(s): Architects, Engineers, Insurance, Architects' liability, Insurance, Engineers' liability, Legal status, laws, Liability for hazardous substances pollution damages


Who needs to have professional liability insurance?

Self employed people who give professional advice such as a psychologist, attorneys, doctors, lawyers, accountants, architects engineers etc need to have this insurance to cover any damages from their advice with their clients.


What does professional liability insurance for architects cost?

On average for the individual about 2000 to 3500 U,S. dollars per year.


How is professional liability insurance different from malpractice insurance?

Malpractice insurance is a form of Professional liability insurance usually tailored for persons or firms practicing in the legal and medical professions. Malpractice insurance is the term used for Professional Liability insurance in the Medical and certain other professional fields.


What type of liability insurance is used by an attorney?

Attorneys use Professional Liability Insurance. Often referred to as Legal Liability Insurance


Does California require attorneys to have professional liability insurance?

Yes, California does require the attorneys to have professional liability insurance.


Where to get professional liability insurance?

Professional liability insurance is something that people who are doctors or special physicians need. You can sign up for this at professional insurance companies like State Farm.


What is professional indemnity insurance?

This insurance provides coverage for individuals who are in occupations that deal with the public ie lawyers, police, architects, contractors, etc. The insurance helps protect them from lawsuits and other claims of negligence or other claims pertaining to liability.


Where can I find information on professional liability insurance for physician's assistants?

You will need professional liability insurance, this will just help ensure that you are covered. A physician's assistant is usually covered through the physician's professional liability insurance but it never hurts to have your own on top of that.


LLC Liability Insurance?

form_title=LLC Liability Insurance form_header=Even as a limited liability company, it's important to have protection from personal liability. Have an insurance professional create a personalized quote based on your business risks. Type of Insurance Needed:= [] General Liability Insurance [] Property Liability Insurance [] Professional Liability Insurance [] Directors and Officers Liability Insurance [] Product Liability Insurance [] Other [] Not Sure Years In Business:=_ How many total people work in your business (including yourself, owners, officers, employees, contractors, etc)?=_


Are defense expenses paid in a contractors professional liability policy?

A Professional liability insurance Policy, as well as a contractors General Liability Insurance policy will provide coverage for the cost of legal defense.


What is an "errors and omissions" insurance?

"Errors and omissions insurance is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third party administrators and other business professionals. This type of insurance helps to protect a professional, an individual or a company, from bearing the full cost of defense for lawsuits relating to an error or omission in providing covered Professional Services.


What is professional liability errors and omission insurance?

Professional Liability Insurance or an Errors and Omissions policy provides coverage for liabilities that may arise from the practice of your profession.


You are starting a residential cleaning business Should you get general liability insurance or professional liability insurance?

You need a commercial general liability policy.


Can you list Additional Insureds on Professional Liability Insurance?

Yes, In New York, that is true for medical professional liability.


What does Professional Liability Insurance mean?

Professional Liability Insurance (also known as Errors and Omissions Insurance) insures businesses with the defense they need if a dissatisfied client makes a claim against it.


How much professional liability insurance does a sole proprietor painting contractor need?

A contractor Buys Commercial Liability Insurance in the contractor class, not professional liability insurance. The amount needed is typically determined by the exposures presented or as specified by the employer.


What company offers professional liability insurance for life coaches?

Stirling Insurance Group Ltd in Calgary, Alberta & SIG Insurance Ltd in British Columbia offers Professional & General Liability Coverage for Professional Coaches and organizations.


Differentiate between Professional liability and Personal injury insurance?

Professional Liability insurance provides coverage for claims that may arise from the practice of your profession. Personal Liability Insurance provides coverage for claims that may arise from your daily life activities.


What is Professional Liability insurance and named insured?

Professional Liability Insurance, sometimes called E&O insurance covers judgments, settlements and the costs of legal defense that may arise from the conduct of your profession or the professional services you provide to your clients. The named insured is the professional who purchased the insurance policy.


What could professional liability insurance also be named?

Professional Indemnity Insurance Malpractice Insurance Errors and Omissions Insurance


What insurance will cover tutors going to students at home?

Professional Liability Insurance.


What kind of liability insurance does a private fitness instructor need?

Your need Professional Liability


What three types of insurance needed within the salon and their importance?

public liability, professional liability and indemety


Do you provide professional liability insurance?

Sure. Depending on your occupation professional liability can be added as a rider to a businessowners policy. Often times professional liability will be a separate policy. I recommend that you contact a good independent insurance agency that represents several insurance companies so they can find you the best policy for your needs at the best price.