What is Architects' Professional Liability Insurace?
Architects’ professional liability insurance, also known as errors and omissions (E&O) insurance or professional indemnity insurance, protects architectural firms from claims arising from professional services. It covers legal fees and potential financial losses due to negligence, errors, or omissions in their work. This type of insurance is crucial for architects to safeguard their business and reputation against potential lawsuits
Why Obtain Architects' Professional Liability Insurance?
Architectural firms dedicate themselves to turning clients building visions into reality – from initial concept to final design. While the work is fulfilling, errors can occur. If a mistake leads to financial loss for a client, your firm could face a lawsuit. That’s where architect professional liability insurance comes in to protect you. Architects’ E&O protects your business against claims alleging negligence, incorrect or inaccurate advice, and misrepresentation. We’re here to help you secure a policy that fits your business needs, covering legal expenses, defence fees, and any judgments or settlements that ay arise.