Ames & Gough

By Rob Hughes | Having a clear understanding of some key insurance concepts can help your firm navigate heightened requirements and hard insurance market conditions more effectively.

By Rob Hughes | With the market hardening for AEC professional liability insurance, an accurate and complete application may help keep your firm’s premium as low as possible.

By Joan DeLorey & Jared Maxwell | All indications point to 2021 being a year when more buyers see higher rates for their professional liability insurance.

By Rob Hughes | Enterprise risk management provides a formal process for firms to examine their critical risks in context, and implement cost-effective risk management and risk-financing solutions.

By Rob Hughes | This subtle but onerous language is becoming fairly widespread in design contracts and, if overlooked, could leave design firms with significant, potentially uninsured exposures.

Design firms in the process of renewing their professional liability insurance will find the marketplace generally stable and competitive, even amid uncertainty created by COVID-19.

In the current economic environment, avoid costly payment disputes and counterclaims by choosing clients carefully and staying on top of your receivables and collections.

Firms should evaluate their services, internal IT systems and controls, and check their insurance to make sure they have the protection they need.

Ten takeaways from the Ames & Gough survey of 15 leading insurance companies providing AEC professional liability insurance in the U.S.

Careful review of certifications with your legal counsel and insurance advisor will enable you to better address the needs of your clients and lenders.

As market conditions for professional liability insurance evolve, there’s a great deal you can do to position your firm for a more favorable renewal.

In an M&A deal, the seller’s professional liability insurance for legacy projects will likely come into play. Deal with it early on.