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Pulling Back the Curtain On Professional Liability (PL) Insurance

Code: 13875-DL

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List Price:  $299.00

Member Price:  $199.00

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Professional Liability (PL) insurance for architects and engineers (A/E) is a very specialized insurance market segment. Professional risks for A/E firms are driven by litigation alleging negligence in their performance of design services. A key component of any firm's risk management program is a professional liability (PL) or errors and omissions (E&O) insurance policy that absorbs a portion of such claims in exchange for a premium paid to the insurance company. Premiums for this insurance is based on various risk factors and underwriting criteria. In this session, information will be provided on the risks and liability exposures in the A/E industry today, underwriting criteria used by insurance carriers in determining the premium and important information that should be included in a submission to the carrier.

Learning Objectives

  • 1)     Standard of Care and Negligence
  • 2)     Importance of Insurability
  • 3)     Underwriting Strategy and Cost of Insurance
  • 4)   Risk Management Programs and Efforts 

 

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Year Published: 2015

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