AE Blog - How Much Will Professional Liability Insurance Cost a Start-up Architectural Firm?
The most common question Hall & Company receives from architects, engineers, land surveyors and design professionals that are considering starting their own practice is “How much will my professional liability insurance, aka errors and omissions insurance cost?” Hall & Company writes hundreds of architectural firms each year that employ one person. These firms are spread across the country and placed with many different professional liability insurance companies.
The errors and omissions insurance coverage costs vary by:
- State in which the practice is located,
- The limits of coverage purchased,
- Project types being designed, and
- The experience loss history of the Architect, Engineer, Land Surveyor and Design Professional applying for coverage.