The AIA Trust commissioned Fredric W. Schultz, CPCU, ARM and Chairman and Principal Consultant of Insurance Buyers Council (IBC) to develop a detailed annotated version of the new CNA Professional Liability policy which became effective in 2015, comparing the new CNA policy with five other insurance carriers: Beazley, RLI, Travelers, Berkley and ACE. The purpose is to provide guidance to AIA members about some of the coverage differences between the various forms and what one should look for when purchasing professional liability insurance policy and comparing coverage and pricing between insurers. Click here to read the comparison guide.
Every October, the AIA & AIA Trust participate in surveying professional liability insurance (PLI) carriers to gather information regarding their policies, services, and related trends—in an effort to better understand how carriers address the risk management needs of design professionals and to better enable design professionals to evaluate and compare various carriers. AIA members attending the 2014 interviews summarized the discussion including general industry trends, developing areas of risk, and how insurance carriers are responding to emerging risks. Click here to read the summary analysis. Look for the 2015 summary of industry trends to be published shortly. For the chart of the most recent survey results, click here.
The last thing you need to worry about is whether your professional liability insurance is adequate. Read important tips for finding the appropriate broker and insurer for your practice, by clicking here for the whitepaper.
Underwriters and actuaries assess various factors to assess your firm’s potential risk, including your firm’s size, billings, location, clients, and project types. A Schinnerer study identifies these factors to provide you with key information when applying for professional liability insurance. Click here for the report.
Many risks can jeopardize the future of your practice, your firm, and your financial well-being. This article will help to familiarize you with the necessary considerations and alternatives when selecting business and professional liability insurance for your firm. Click here for the report.