Victor O. Schinnerer & Company recently launched a new professional liability policy form for design professionals featuring policy enhancements that benefit large, mid-size, and small architecture firms.
Now approved in 43 states and DC, the new policy includes enhancements such as:
- Expanded pollution liability coverage
- Rectification expense coverage
- Deductible incentives
- Supplementary payments
- Exclusion carve backs
- Extended reporting period options
In addition, there are significantly reduced rates for small architecture firms. Find out more about the policy enhancements, affected segments and the benefits by reviewing the Policy Enhancements Chart.
The AIA Trust engaged an E&O insurance expert to compare the policy provided by Schinnerer with those from five other insurance carriers. You can read the comparison guide here. The goal is to provide guidance to AIA members about some of the differences in coverage and pricing between the various forms and what one should look for when purchasing a professional liability insurance policy.
Find out more about this new policy provided by Schinnerer.