While architects always try to do their best for their clients, mistakes happen. And in a litigious society, lawsuits have become an inevitability. Professional liability coverage not only pays judgment costs, it prepares you for a lawsuit by paying claims defense costs. Even fraudulent claims cost your firm money.
The Victor & CNA program offers a special premium credit for AIA members!
Architecture firms with up to $5 million in billings and an acceptable loss ratio are eligible (subject to state approval) for a premium credit of up to 5 percent. To find out how your firm can benefit, » click for details.
For the steps you need to take to qualify for this valuable credit, click here for a booklet about the Risk Mitigation Credit.
Victor & CNA Policy
Significant changes have been made to the 2020 version of the policy that include major enhancements, exclusion updates, conditions and endorsements. Find out more about these changes by clicking here.
For a summary chart explaining these new policy coverages and form enhancements, click here.
For more information about the AIA Trust Professional Liability Insurance Program through Victor and CNA Insurance and a free quote, click here. Or, call (301) 961-9800 or (301) 951-5455.
Victor & CNA are now offering a NEW Design & Construction Policy Form with the following enhancements, updates, and endorsements, including:
- expansion of the term “insured”
- enhanced rectification applicability
- aggregated defense outside the limits
- update to faulty workmanship exclusion
- greater consistency on price/coverage regardless of size
- new rates in select states
Find out more about Victor by clicking here for a 4-minute video overview. For more information about the many free risk management resources that Victor offers to you and your firm, click here.
Since 1957, the AIA has worked with the Victor & CNA Professional Liability Insurance Program to meet the challenges that architects face today and in the future. Administered by Victor, the AIA Trust Professional Liability Insurance Program, through its strength and dedication to superior service and quality for AIA members for more than a half-century, continues to demonstrate an unwavering commitment to the architectural profession. The program includes special plans for small firms, too. Find out more, and get a free no-obligation quote, by clicking here.
