One of the more challenging issues facing an Architect and Engineering firm is a contractual obligation to defend their clients from third party claims. This is not covered under a Professional Liability practice policy.  A&E firms can unknowingly sign new contracts, assuming this contractual obligation and exposing the firm to uninsured defense expenses. There is...Read More

Do your design, engineering, and contracting clients fully understand the value of rectification coverage in their professional liability insurance?   What Is Rectification Coverage? Rectification coverage is a first party insurance coverage that helps cover the costs of correcting a defect discovered before it results in a professional liability claim.  There are many benefits of...Read More

Personal Cyber is one of the fastest growing products in the insurance industry. In the past 18 months, we’ve seen capacity double, and policy forms become more broad. Some of the largest carriers in the cyber insurance marketplace are trying to capitalize on personal cyber opportunities. This product is quickly becoming a necessary cross-selling opportunity...Read More

The Importance of Intellectual Property Insurance In today’s business landscape, intellectual property (IP) is a cornerstone asset, comprising a significant portion of company value; over 84% for S&P 500 firms. As the importance of IP grows, so does the need for intellectual property insurance. It is becoming essential for managing risks associated with IP disputes....Read More

How to Select the Best Architects & Engineers Professional Liability Insurance Policy   What is Architects & Engineers Professional Liability Insurance (A&E)? Architects & Engineers (A&E) insurance covers alleged errors resulting from the insureds rendering or failure to render professional services that results in bodily injury or property damage.  A&E is also available for Land...Read More

OUR CHANGING TIMES How Covid-19 Continues to Impact the Building & Design Industries   August 2021 It started in early 2020 – Covid-19. Who would’ve guessed that we would still be in the grasp of a pandemic in mid-2021? We’ve all had to adjust our schedules and our lives to stay as safe and as...Read More

New Market – CapSpecialty January 4, 2021 CapSpecialty’s Architects and Engineers professional liability product is designed for professional design and engineering firms, with a particular focus on those that have experienced a severe claim event or a frequency of claims in their recent history. CapSpecialty’s underwriting team understands each insured has a story and remains...Read More

Why Buy Cyber Liability? 10 REASONS ARCHITECTS, ENGINEERS & CONTRACTORS NEED TO BUY CYBER LIABILITY INSURANCE NOW   1 | PRIVACY LAWS Forty-seven states, the District of Columbia and the federal government have privacy laws requiring prompt notification if personally identifiable information (“PII”) that is not encrypted is lost, stolen or disclosed. Cyber coverage will...Read More

Do You Carry Enough Insurance to Work with Us? What do you do if a project comes along that you want to bid on, but you don’t have enough insurance in place to comply with the contract? It’s becoming more and more common for Architecture, Engineering, and other Design firms to bid on contracts that...Read More

The Importance of Contract Review for Your A&E Firm While there are many ways an Architecture, Engineering or Design Firm can manage their risk in providing their services to a 3rd party, a thorough contract review is of utmost importance. With the complex services offered by A&E firms, coupled with the sometimes-challenging projects, an A&E...Read More