AE Blog - Professional Liability Coverage for Architects
Professionals in the architectural field expose themselves to more risk and liability than many other professions by virtue of the work they perform. And general business insurance coverages will not protect against liability claims. Protecting against litigation is an imperative step in ensuring that an architectural firm will be able to stay successful and profitable. Liability suits can cost millions of dollars, and often end in settlement even when the architect has done nothing wrong. Avoiding these pitfalls of the industry is important, wise, and less expensive than the alternative. Professional liability insurance for architects specifically covers such inevitabilities and allows architecture businesses to stay above board in the likely event of a liability suit.