architects and engineers professional liability insurance News

New Everest Architects & Engineers Policy Offers PL, Pollution, Cyber Coverage

Everest Insurance has released a new architects and engineers professional liability policy to provide design professionals with professional, pollution and cyber liability coverage. Everest Elevation was developed to address the coverage needs of architectural, design, engineering and construction firms, and …

Liability Insurers Report Rise in Claims Against Architects and Engineers

Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & Gough said in a report. The brokerage, based in McLean, Va., …

NAS Insurance Adds Miscellaneous E&O Coverage for Architects, Engineers

NAS Insurance Services has released a new miscellaneous E&O architects and engineers (A&E) insurance product that includes coverage for technology services and cyber liability coverage. NAS’ Architects and Engineers insurance provides three insurance products in one: A&E professional services liability …

Iowa City Sues Engineers Over Water Plant Design, Operation

Sergeant Bluff, Iowa, officials say the city’s water treatment plant doesn’t function as promised and so are suing the engineering firm that designed it. The Sioux City Journal reports that the city sued Veenstra & Kimm Inc. in Woodbury County …

XL Catlin Adds Technology, Excess D&O Coverage for Design Professionals

XL Catlin has added two new enhancements to its professional liability insurance for architects, engineers and other design professionals in the US, including an expanded professional services definition and Principal Protector Coverage for qualifying firms. XL Catlin’s Design Professional team …

Allied World Launches 3 Professional Liability Products in Australia

Allied World Assurance Co. Holdings AG announced it has launched three new professional liability products in Australia: Directors and Officers Liability Insurance, Architects and Engineers Professional Indemnity Insurance, and Miscellaneous Professional Indemnity Insurance. The Miscellaneous Professional Indemnity Insurance products is …

XL Catlin Updates Coverage for Design Professionals to Address Emerging Risks

XL Catlin has enhanced its design professional insurance policy form to address architects’, engineers’ and other design businesses’ changing professional liability insurance needs. According to Doug Strong, chief underwriting officer of XL Catlin’s Design Professional insurance business in North America, …

BHSI Launches A&E Professional Liability Policy with Cyber Insurance

Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First architects & engineers (A&E) professional liability insurance in the U.S. The new policy’s cyber coverage addresses media, technology and network security and privacy liability exposures, including the design professional’s own costs …

XL Catlin Enhances Professional Liability Insurance for Small A&E Firms

XL Catlin’s design professional insurance business has increased the limits of its smartADVANTAGE professional liability insurance policy and improved policy terms for architectural and engineering firms in the U.S. with annual fees of $2 million or less. The smartADVANTAGE policy …

Insurance Rates for Architects, Engineers Not Going Anywhere

After three straight years of moderate increases, insurance premiums for architects and engineers professional liability leveled off in 2015. A new survey by insurance broker Ames & Gough also found that insurers plan to keep rates stable this year in …